Best Buy Co. Inc. (NYSE:BBY) has a beta value of 1.50 and has seen 1.14 million shares traded in the recent trading session. The company, currently valued at $19.02B, closed the recent trade at $88.20 per share which meant it lost -$0.4 on the day or -0.45% during that session. The BBY stock price is -6.26% off its 52-week high price of $93.72 and 29.37% above the 52-week low of $62.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.28 million shares traded. The 3-month trading volume is 3.38 million shares.
The consensus among analysts is that Best Buy Co. Inc. (BBY) is Buy stock at the moment, with a recommendation rating of 2.43. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 26 have rated it as a Hold, with 21 advising it as a Buy. 0 have rated the stock as Underweight.
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Best Buy Co. Inc. (NYSE:BBY) trade information
Sporting -0.45% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BBY stock price touched $88.20 or saw a rise of 2.62%. Year-to-date, Best Buy Co. Inc. shares have moved 12.67%, while the 5-day performance has seen it change 3.15%. Over the past 30 days, the shares of Best Buy Co. Inc. (NYSE:BBY) have changed -4.52%. Short interest in the company has seen 13.7 million shares shorted with days to cover at 2.92.
Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could jump 2.0% from the levels at last check today. The projected low price target is $72 while the price target rests at a high of $147. In that case, then, we find that the latest price level in today’s session is -66.67% off the targeted high while a plunge would see the stock lose 18.37% from the levels at last check today.
Best Buy Co. Inc. (BBY) estimates and forecasts
Figures show that Best Buy Co. Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 24.22% over the past 6 months, with this year growth rate of -4.08%, compared to -4.00% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.77% over the past 5 years. Earnings growth for 2024 is a modest -4.35% while over the next 5 years, the company’s earnings are expected to decrease by -1.10%.
BBY Dividends
Best Buy Co. Inc. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.72 at a share yield of 4.22%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.38%.
Best Buy Co. Inc. (NYSE:BBY)’s Major holders
Investors are also buoyed by the number of investors in a company, with Best Buy Co. Inc. top two institutional holders are BLACKROCK INC. with over 24.82 million shares worth more than $2.04 billion. As of 2024-03-31, BLACKROCK INC. held 11.4938% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 22.35 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.83 billion and represent 10.3517% of shares outstanding.
