Best Buy Co. Inc. (NYSE: BBY) is -31.12% lower on its value in year-to-date trading and has touched a low of $64.29 and a high of $141.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBY stock was last observed hovering at around $70.92 in the last trading session, with the day’s loss setting it -0.94% off its average median price target of $80.00 for the next 12 months. It is also 36.38% off the consensus price target high of $110.00 offered by 27 analysts, but current levels are -24.96% lower than the price target low of $56.00 for the same period.
Currently trading at $69.98, the stock is -5.54% and -7.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -1.33% at the moment leaves the stock -20.23% off its SMA200. BBY registered -34.53% loss for a year compared to 6-month loss of -29.53%.
The stock witnessed a -9.61% gain in the last 1 month and extending the period to 3 months gives it a 0.14%, and is -4.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.13% over the week and 3.64% over the month.
Best Buy Co. Inc. (BBY) has around 105000 employees, a market worth around $15.71B and $49.25B in sales. Current P/E ratio is 9.36 and Fwd P/E is 10.13. Profit margin for the company is 3.60%. Distance from 52-week low is 8.85% and -50.71% from its 52-week high. The company has generated returns on investments over the last 12 months (58.00%).
Best Buy Co. Inc. (BBY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Best Buy Co. Inc. (BBY) is a “Hold”. 27 analysts offering their recommendations for the stock have an average rating of 2.80, where 16 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Best Buy Co. Inc. is expected to release its quarterly report on 11/23/2022.The EPS is expected to grow by 44.00% this year
Best Buy Co. Inc. (BBY) Top Institutional Holders
The shares outstanding are 225.40M, and float is at 200.80M with Short Float at 5.00%.
Best Buy Co. Inc. (BBY) Insider Activity
A total of 71 insider transactions have happened at Best Buy Co. Inc. (BBY) in the last six months, with sales accounting for 30 and purchases happening 41 times. The most recent transaction is an insider sale by Scarlett Kathleen, the company’s EVP, HR and Best Buy Canada. SEC filings show that Scarlett Kathleen sold 25,071 shares of the company’s common stock on Sep 19 at a price of $72.37 per share for a total of $1.81 million. Following the sale, the insider now owns 50101.0 shares.
Best Buy Co. Inc. disclosed in a document filed with the SEC on Sep 09 that Harmon Damien (EVP, Omnichannel) sold a total of 1,308 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $76.58 per share for $0.1 million. Following the transaction, the insider now directly holds 44910.0 shares of the BBY stock.
Still, SEC filings show that on Aug 23, Bilunas Matthew M (Chief Financial Officer) disposed off 890 shares at an average price of $79.09 for $70390.0. The insider now directly holds 59,513 shares of Best Buy Co. Inc. (BBY).
Best Buy Co. Inc. (BBY): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 7.17% up over the past 12 months and Amazon.com Inc. (AMZN) that is -29.10% lower over the same period. The Home Depot Inc. (HD) is -18.75% down on the 1-year trading charts.