Best Buy Co. Inc. (NYSE: BBY) is 27.70% higher on its value in year-to-date trading and has touched a low of $62.30 and a high of $103.71 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 $100.94 in the last trading session, with the day’s loss setting it -0.98%.
Currently trading at $99.96, the stock is 14.68% and 15.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing -0.97% at the moment leaves the stock 26.50% off its SMA200. BBY registered 32.80% gain for a year compared to 6-month gain of 31.60%.
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The stock witnessed a 24.59% loss in the last 1 month and extending the period to 3 months gives it a 13.78%, and is 12.47% 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 3.26% over the week and 2.52% over the month.
Best Buy Co. Inc. (BBY) has around 85000 employees, a market worth around $21.56B and $42.54B in sales. Current P/E ratio is 17.24 and Fwd P/E is 14.67. Profit margin for the company is 2.96%. Distance from 52-week low is 60.45% and -3.62% from its 52-week high. The company has generated returns on investments over the last 12 months (19.15%).
The EPS is expected to shrink by -2.10% this year
1219.0 institutions hold shares in Best Buy Co. Inc. (BBY), with institutional investors hold 93.91% of the company’s shares. The shares outstanding are 215.40M, and float is at 198.54M with Short Float at 6.55%. Institutions hold 85.73% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.27 million shares valued at $1.96 billion. The investor’s holdings represent 10.7649 of the BBY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 22.53 million shares valued at $1.9 billion to account for 10.4194 of the shares outstanding. The other top investors are STATE STREET CORP which holds 13.48 million shares representing 6.2347 and valued at over $1.15 billion, while JPMORGAN CHASE & CO holds 3.1251 of the shares totaling 6.76 million with a market value of $569.51 million.
Best Buy Co. Inc. (BBY) Insider Activity
The most recent transaction is an insider sale by Scarlett Kathleen, the company’s SEVP, HR, Corp Affair & Canada. SEC filings show that Scarlett Kathleen sold 40,169 shares of the company’s common stock on Aug 30 ’24 at a price of $99.60 per share for a total of $4.0 million. Following the sale, the insider now owns 76972.0 shares.
Best Buy Co. Inc. disclosed in a document filed with the SEC on Aug 29 ’24 that Bonfig Jason J (SEVP Cust. Offerings & Fulfill) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $101.00 per share for $2.52 million. Following the transaction, the insider now directly holds 50949.0 shares of the BBY stock.
Still, SEC filings show that on Aug 30 ’24, Scarlett Kathleen (Officer) Proposed Sale 40,169 shares at an average price of $99.60 for $4.0 million. The insider now directly holds shares of Best Buy Co. Inc. (BBY).
