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Will Best Buy Co. Inc. (BBY) benefit from Wall Street bulls Calls?

Best Buy Co. Inc. (NYSE: BBY) is 10.40% higher on its value in year-to-date trading and has touched a low of $62.30 and a high of $93.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BBY stock was last observed hovering at around $85.51 in the last trading session, with the day’s gains setting it 0.91%.

Currently trading at $86.42, the stock is -0.36% and 7.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 1.06% at the moment leaves the stock 14.85% off its SMA200. BBY registered 8.98% gain for a year compared to 6-month gain of 13.97%.

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The stock witnessed a -1.97% loss in the last 1 month and extending the period to 3 months gives it a 7.84%, and is 5.02% up 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 2.21% over the week and 2.39% over the month.

Best Buy Co. Inc. (BBY) has around 85000 employees, a market worth around $18.64B and $42.83B in sales. Current P/E ratio is 15.13 and Fwd P/E is 12.85. Profit margin for the company is 2.90%. Distance from 52-week low is 38.72% and -7.79% from its 52-week high. The company has generated returns on investments over the last 12 months (19.31%).

The EPS is expected to shrink by -4.36% this year.

Best Buy Co. Inc. (BBY) Top Institutional Holders

The shares outstanding are 215.40M, and float is at 196.55M with Short Float at 7.05%.

Best Buy Co. Inc. (BBY) Insider Activity

The most recent transaction is an insider sale by Watson Mathew,the company’sSVP, Controller & CAO. SEC filings show that Watson Mathew sold 2,319 shares of the company’s common stock on Jun 06 ’24 at a price of $88.12 per share for a total of $0.2 million. Following the sale, the insider now owns 20279.0 shares.

Best Buy Co. Inc. disclosed in a document filed with the SEC on Jun 03 ’24 that SCHULZE RICHARD M (Chairman Emeritus) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $85.85 per share for $85.85 million. Following the transaction, the insider now directly holds 15.89 million shares of the BBY stock.

Still, SEC filings show that on Jun 03 ’24, Watson Mathew (SVP, Controller & CAO) disposed off 2,000 shares at an average price of $85.81 for $0.17 million. The insider now directly holds 20,279 shares of Best Buy Co. Inc. (BBY).

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