Best Buy Co. Inc (NYSE: BBY) is -26.03% lower on its value in year-to-date trading and has touched a low of $54.99 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 $63.38 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $63.47, the stock is -2.59% and -15.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.94 million and changing 0.14% at the moment leaves the stock -26.34% off its SMA200. BBY registered -16.65% loss for a year compared to 6-month loss of -33.98%. The firm has a 50-day simple moving average (SMA 50) of $75.5022 and a 200-day simple moving average (SMA200) of $86.25775.
The stock witnessed a -16.12% gain in the last 1 month and extending the period to 3 months gives it a -24.37%, and is 3.81% 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 4.41% over the week and 6.03% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $13.40B and $41.53B in sales. Current P/E ratio is 14.84 and Fwd P/E is 9.40. Profit margin for the company is 2.23%. Distance from 52-week low is 15.42% and -38.80% from its 52-week high. The company has generated returns on investments over the last 12 months (14.87%).
with sales reaching $8.77B over the same period.The EPS is expected to shrink by -2.99% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -0.87% in year-over-year returns.
1227.0 institutions hold shares in Best Buy Co. Inc (BBY), with institutional investors hold 97.55% of the company’s shares. The shares outstanding are 211.40M, and float is at 194.48M with Short Float at 7.17%. Institutions hold 88.85% 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 10.7749 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 10.4291 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
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 51,000 shares of the company’s common stock on Mar 24 ’25 at a price of $74.20 per share for a total of $3.78 million. Following the sale, the insider now owns 55856.0 shares.
Best Buy Co. Inc disclosed in a document filed with the SEC on Mar 21 ’25 that Bilunas Matthew M (SEVP Enterprise Strategy & CFO) sold a total of 9,482 shares of the company’s common stock. The trade occurred on Mar 21 ’25 and was made at $72.65 per share for $0.69 million. Following the transaction, the insider now directly holds 0.11 million shares of the BBY stock.
Still, SEC filings show that on Mar 21 ’25, Watson Mathew (SVP, Controller & CAO) disposed off 2,951 shares at an average price of $72.65 for $0.21 million. The insider now directly holds 21,371 shares of Best Buy Co. Inc (BBY).
