Best Buy Co. Inc (NYSE: BBY) is 13.66% higher on its value in year-to-date trading and has touched a low of $69.29 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 $90.93 in the last trading session, with the day’s loss setting it -1.96%.
Currently trading at $88.97, the stock is -0.84% and -5.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing -2.16% at the moment leaves the stock 3.81% off its SMA200. BBY registered 21.18% gain for a year compared to 6-month gain of 1.27%. The firm has a 50-day simple moving average (SMA 50) of $93.8604 and a 200-day simple moving average (SMA200) of $85.62445.
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The stock witnessed a -2.12% loss in the last 1 month and extending the period to 3 months gives it a -10.99%, and is -4.36% 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 3.52% over the week and 2.91% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $19.10B and $42.23B in sales. Current P/E ratio is 15.20 and Fwd P/E is 13.40. Profit margin for the company is 3.01%. Distance from 52-week low is 28.40% and -14.21% from its 52-week high. The company has generated returns on investments over the last 12 months (19.48%).
with sales reaching $13.69B over the same period.The EPS is expected to shrink by -2.89% this year, but quarterly earnings will post -5.01% year-over-year. Quarterly sales are estimated to shrink -6.53% in year-over-year returns.
Best Buy Co. Inc (BBY) Top Institutional Holders
1264.0 institutions hold shares in Best Buy Co. Inc (BBY), with institutional investors hold 95.28% of the company’s shares. The shares outstanding are 214.72M, and float is at 197.63M with Short Float at 7.12%. Institutions hold 86.96% 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 Barry Corie S, the company’s CEO. SEC filings show that Barry Corie S sold 79,829 shares of the company’s common stock on Sep 11 ’24 at a price of $96.66 per share for a total of $7.72 million. Following the sale, the insider now owns 0.36 million shares.
Still, SEC filings show that on Aug 30 ’24, Scarlett Kathleen (SEVP, HR, Corp Affair & Canada) disposed off 40,169 shares at an average price of $99.60 for $4.0 million. The insider now directly holds 76,972 shares of Best Buy Co. Inc (BBY).
