Best Buy Co. Inc (NYSE: BBY) is -19.13% 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 $71.23 in the last trading session, with the day’s loss setting it -1.84%.
Currently trading at $69.39, the stock is -1.76% and 2.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing -2.58% at the moment leaves the stock -16.59% off its SMA200. BBY registered -20.91% loss for a year compared to 6-month loss of -21.50%.
The stock witnessed a -5.98% gain in the last 1 month and extending the period to 3 months gives it a -5.11%, and is -7.37% 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 2.83% over the week and 2.79% over the month.
Best Buy Co. Inc (BBY) has around 85000 employees, a market worth around $14.67B and $41.45B in sales. Current P/E ratio is 16.96 and Fwd P/E is 10.38. Profit margin for the company is 2.13%. Distance from 52-week low is 26.19% and -33.09% 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 -3.21% this year.
Best Buy Co. Inc (BBY) Top Institutional Holders
The shares outstanding are 211.30M, and float is at 195.35M with Short Float at 6.30%.
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 SCHULZE RICHARD M, the company’s Chairman Emeritus. SEC filings show that SCHULZE RICHARD M sold 729,201 shares of the company’s common stock on Jun 09 ’25 at a price of $72.95 per share for a total of $53.2 million. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Jun 09 ’25, SCHULZE RICHARD M (10% Owner) Proposed Sale 1,000,000 shares at an average price of $72.75 for $72.75 million. The insider now directly holds shares of Best Buy Co. Inc (BBY).
