Best Buy Co. Inc (NYSE: BBY) is -12.35% 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 $86.74 in the last trading session, with the day’s loss setting it -11.54%.
Currently trading at $75.20, the stock is -14.45% and -12.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.82 million and changing -13.30% at the moment leaves the stock -15.03% off its SMA200. BBY registered -7.02% loss for a year compared to 6-month loss of -24.94%.
The stock witnessed a -12.42% gain in the last 1 month and extending the period to 3 months gives it a -14.71%, and is -16.53% 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 4.48% over the week and 2.74% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $16.08B and $42.23B in sales. Current P/E ratio is 12.84 and Fwd P/E is 10.67. Profit margin for the company is 3.01%. Distance from 52-week low is 8.53% and -27.49% from its 52-week high. The company has generated returns on investments over the last 12 months (19.48%).
with sales reaching $8.8B over the same period.The EPS is expected to grow by 0.81% this year, but quarterly earnings will post 0.52% year-over-year. Quarterly sales are estimated to shrink -0.48% in year-over-year returns.
Best Buy Co. Inc (BBY) Top Institutional Holders
The shares outstanding are 213.80M, and float is at 196.77M with Short Float at 8.38%.
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 6.2405% 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
A total of 0 insider transactions have happened at Best Buy Co. Inc (BBY) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Bilunas Matthew M,the company’sSEVP 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).
Best Buy Co. Inc (BBY): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 39.50% up over the past 12 months. Amazon.com Inc. (AMZN) that is 17.46% higher over the same period.
