Currently, there are 215.40M common shares owned by the public and among those 196.55M shares have been available to trade.
The company’s stock has a 5-day price change of -5.19% and 7.19% over the past three months. BBY shares are trading 10.53% year to date (YTD), with the 12-month market performance up to 9.34% higher. It has a 12-month low price of $62.30 and touched a high of $93.72 over the same period. BBY has an average intraday trading volume of 3.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.92%, 9.79%, and 15.77% respectively.
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Institutional ownership of Best Buy Co. Inc. (NYSE: BBY) shares accounts for 85.32% of the company’s 215.40M shares outstanding.
It has a market capitalization of $18.66B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 15.15, while the earnings-per-share (ttm) stands at $5.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.56% over the week and 2.83% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.43%, and 10.33% over the next financial year. EPS should shrink at an annualized rate of -1.10% over the next five years, compared to 1.77% over the past 5-year period.
Looking at the support for the BBY, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on June 17, 2024, with the firm’s price target at $85-$106. Citigroup coverage for the Best Buy Co. Inc. (BBY) stock in a research note released on June 03, 2024 offered a Buy rating with a price target of $100. Telsey Advisory Group was of a view on May 23, 2024 that the stock is Market Perform, while Jefferies gave the stock Buy rating on April 08, 2024, issuing a price target of $95- $94. JP Morgan on their part issued Overweight rating on March 22, 2024.
