Best Buy Co. Inc (NYSE: BBY) is -1.25% lower 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 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 $85.63 in the last trading session, with the day’s loss setting it -0.9%.
Currently trading at $84.73, the stock is -0.05% and -2.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.05% at the moment leaves the stock -2.55% off its SMA200. BBY registered 15.96% gain for a year compared to 6-month loss of -3.42%. The firm has a 50-day simple moving average (SMA 50) of $87.0394 and a 200-day simple moving average (SMA200) of $86.94605.
The stock witnessed a -0.96% gain in the last 1 month and extending the period to 3 months gives it a -9.64%, and is 3.07% 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 2.18% over the week and 2.27% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $18.11B and $42.23B in sales. Current P/E ratio is 14.47 and Fwd P/E is 12.84. Profit margin for the company is 3.01%. Distance from 52-week low is 22.28% and -18.30% from its 52-week high. The company has generated returns on investments over the last 12 months (19.48%).
The EPS is expected to shrink by -3.00% this year.
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 213.80M, and float is at 196.70M with Short Float at 6.39%. 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 3.128 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 Bilunas Matthew M, the company’s SEVP Enterprise Strategy & CFO. SEC filings show that Bilunas Matthew M sold 69,166 shares of the company’s common stock on Dec 11 ’24 at a price of $87.46 per share for a total of $6.05 million. Following the sale, the insider now owns 92070.0 shares.
Still, SEC filings show that on Sep 11 ’24, Barry Corie S (CEO) disposed off 79,829 shares at an average price of $96.66 for $7.72 million. The insider now directly holds 358,241 shares of Best Buy Co. Inc (BBY).
