Best Buy Co. Inc. (NYSE: BBY) is 4.75% 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 $80.23 in the last trading session, with the day’s gains setting it 1.77%.
Currently trading at $82.00, the stock is -5.14% and -3.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.87 million and changing 2.21% at the moment leaves the stock 6.57% off its SMA200. BBY registered 2.72% gain for a year compared to 6-month gain of 10.50%.
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The stock witnessed a -4.10% loss in the last 1 month and extending the period to 3 months gives it a 10.22%, and is -3.93% 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 3.10% over the week and 2.56% over the month.
Best Buy Co. Inc. (BBY) has around 85000 employees, a market worth around $17.69B and $42.83B in sales. Current P/E ratio is 14.36 and Fwd P/E is 12.19. Profit margin for the company is 2.90%. Distance from 52-week low is 31.62% and -12.51% from its 52-week high. The company has generated returns on investments over the last 12 months (19.31%).
with sales reaching $9.26B over the same period.The EPS is expected to shrink by -4.38% this year, but quarterly earnings will post -3.70% year-over-year.
Best Buy Co. Inc. (BBY) Top Institutional Holders
The shares outstanding are 215.40M, and float is at 198.50M with Short Float at 7.20%.
Best Buy Co. Inc. (BBY) Insider Activity
The most recent transaction is an insider sale by SCHULZE RICHARD M,the company’sChairman Emeritus. SEC filings show that SCHULZE RICHARD M sold 88,542 shares of the company’s common stock on Jul 24 ’24 at a price of $88.25 per share for a total of $7.81 million. Following the sale, the insider now owns 13.6 million shares.
Best Buy Co. Inc. disclosed in a document filed with the SEC on Jul 23 ’24 that SCHULZE RICHARD M (Chairman Emeritus) sold a total of 311,458 shares of the company’s common stock. The trade occurred on Jul 23 ’24 and was made at $89.05 per share for $27.74 million. Following the transaction, the insider now directly holds 13.69 million shares of the BBY stock.
Still, SEC filings show that on Jul 22 ’24, SCHULZE RICHARD M (Chairman Emeritus) disposed off 600,000 shares at an average price of $88.29 for $52.97 million. The insider now directly holds 14,002,853 shares of Best Buy Co. Inc. (BBY).
