Best Buy Co. Inc (NYSE: BBY) is -14.02% 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 $71.49 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $73.77, the stock is -10.47% and -12.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing 3.19% at the moment leaves the stock -16.76% off its SMA200. BBY registered -4.84% loss for a year compared to 6-month loss of -24.53%. The firm has a 50-day simple moving average (SMA 50) of $84.1326 and a 200-day simple moving average (SMA200) of $88.62195.
The stock witnessed a -17.27% gain in the last 1 month and extending the period to 3 months gives it a -15.28%, and is -6.45% 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 3.83% over the week and 3.44% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $15.77B and $41.53B in sales. Current P/E ratio is 17.27 and Fwd P/E is 10.62. Profit margin for the company is 2.23%. Distance from 52-week low is 6.47% and -28.87% from its 52-week high. The company has generated returns on investments over the last 12 months (14.87%).
with sales reaching $8.78B over the same period.The EPS is expected to shrink by -0.63% this year, but quarterly earnings will post 0.40% year-over-year. Quarterly sales are estimated to shrink -0.81% in year-over-year returns.
Best Buy Co. Inc (BBY) Top Institutional Holders
1240.0 institutions hold shares in Best Buy Co. Inc (BBY), with institutional investors hold 95.40% of the company’s shares. The shares outstanding are 213.80M, and float is at 196.78M with Short Float at 7.82%. Institutions hold 87.05% 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 6.2405% 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
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Best Buy Co. Inc disclosed in a document filed with the SEC on Mar 12 ’25 that Barry Corie S (CEO) bought a total of 13,500 shares of the company’s common stock. The trade occurred on Mar 12 ’25 and was made at $72.92 per share for $0.98 million. Following the transaction, the insider now directly holds 0.38 million shares of the BBY stock.
Still, SEC filings show that on Dec 11 ’24, Bilunas Matthew M (SEVP Enterprise Strategy & CFO) disposed off 69,166 shares at an average price of $87.46 for $6.05 million. The insider now directly holds 92,070 shares of Best Buy Co. Inc (BBY).
