Previous close | 112.23 |
Open | 113.09 |
Bid | 114.73 x 800 |
Ask | 114.70 x 800 |
Day's range | 112.90 - 115.16 |
52-week range | 48.11 - 124.89 |
Volume | 559,045 |
Avg. volume | 3,217,140 |
Market cap | 29.797B |
Beta (5Y monthly) | 1.52 |
PE ratio (TTM) | 17.54 |
EPS (TTM) | 6.56 |
Earnings date | 25 Feb 2021 - 01 Mar 2021 |
Forward dividend & yield | 2.20 (1.96%) |
Ex-dividend date | 14 Dec 2020 |
1y target est | 121.77 |
Best Buy (NYSE: BBY) bargained its way into success during the pandemic. Thanks to its retail positioning and an unexpected surge in the demand for electronics, Best Buy saw its revenue and earnings spike amid business restrictions. With COVID-19-related restrictions now likely to recede, let's see what the next year might hold for this retail stock.
Finding value in today's market can be difficult, as stocks commonly trade for price-to-sales ratios in the double digits and their earnings multiples seem to be increasingly meaningless. Shipping specialists like FedEx have been in a strange position as e-commerce has exploded in popularity: They're seeing rising volumes and demand as companies like Amazon grow, but Amazon is also creating a shipping and logistics competitor itself, which keeps margins low.
The world's largest retailer is teaming up with Palo Alto–based venture firm Ribbit Capital to form a fintech startup.