Best Buy Co. Inc (NYSE: BBY) is -15.21% 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 $73.02 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $72.75, the stock is 2.39% and 7.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.4 million and changing -0.37% at the moment leaves the stock -13.05% off its SMA200. BBY registered -18.20% loss for a year compared to 6-month loss of -19.60%. The firm has a 50-day simple moving average (SMA 50) of $67.7054 and a 200-day simple moving average (SMA200) of $83.67335.
The stock witnessed a 4.80% gain in the last 1 month and extending the period to 3 months gives it a -7.75%, and is 6.56% 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 1.83% over the week and 2.83% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $15.40B and $41.45B in sales. Current P/E ratio is 17.78 and Fwd P/E is 10.89. Profit margin for the company is 2.13%. Distance from 52-week low is 32.30% and -29.85% from its 52-week high. The company has generated returns on investments over the last 12 months (14.26%).
The EPS is expected to shrink by -3.16% this year.
Best Buy Co. Inc (BBY) Top Institutional Holders
1218.0 institutions hold shares in Best Buy Co. Inc (BBY), with institutional investors hold 95.77% of the company’s shares. The shares outstanding are 211.30M, and float is at 194.77M with Short Float at 5.94%. Institutions hold 88.22% 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
Still, SEC filings show that on Mar 24 ’25, Bilunas Matthew M (SEVP Enterprise Strategy & CFO) disposed off 51,000 shares at an average price of $74.20 for $3.78 million. The insider now directly holds 55,856 shares of Best Buy Co. Inc (BBY).
