Best Buy Co. Inc (NYSE: BBY) is -11.81% 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 $73.56 in the last trading session, with the day’s gains setting it 2.11%.
Currently trading at $75.67, the stock is -3.36% and -8.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing 2.87% at the moment leaves the stock -14.41% off its SMA200. BBY registered -3.72% loss for a year compared to 6-month loss of -23.15%. The firm has a 50-day simple moving average (SMA 50) of $83.0646 and a 200-day simple moving average (SMA200) of $88.4048.
The stock witnessed a -15.72% gain in the last 1 month and extending the period to 3 months gives it a -12.02%, and is 2.58% 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 2.38% over the week and 3.55% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $15.99B and $41.53B in sales. Current P/E ratio is 17.70 and Fwd P/E is 10.88. Profit margin for the company is 2.23%. Distance from 52-week low is 9.21% and -27.04% 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 -1.15% 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
1241.0 institutions hold shares in Best Buy Co. Inc (BBY), with institutional investors hold 96.68% of the company’s shares. The shares outstanding are 211.40M, and float is at 194.53M with Short Float at 7.91%. Institutions hold 88.12% 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
#####
Still, SEC filings show that on Mar 21 ’25, Bonfig Jason J (Officer) Proposed Sale 4,867 shares at an average price of $72.65 for $0.35 million. The insider now directly holds shares of Best Buy Co. Inc (BBY).
