Currently, there are 215.40M common shares owned by the public and among those 197.63M shares have been available to trade.
The company’s stock has a 5-day price change of 1.68% and 0.79% over the past three months. BBY shares are trading 13.03% year to date (YTD), with the 12-month market performance up to 27.57% higher. It has a 12-month low price of $68.12 and touched a high of $103.71 over the same period. BBY has an average intraday trading volume of 2.96 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 -1.74%, -6.25%, and 3.62% respectively.
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Institutional ownership of Best Buy Co. Inc (NYSE: BBY) shares accounts for 85.54% of the company’s 215.40M shares outstanding.
It has a market capitalization of $19.00B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 15.11, while the earnings-per-share (ttm) stands at $5.85. The company has a PEG of 3.63 and a Quick Ratio of 0.22 with the debt-to-equity ratio at 1.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.63% over the week and 2.71% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.42%, and 8.08% over the next financial year. EPS should grow at an annualized rate of 4.17% 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. Telsey Advisory Group stated their Outperform rating for the stock in a research note on August 30, 2024, with the firm’s price target at $95-$115. UBS coverage for the Best Buy Co. Inc (BBY) stock in a research note released on June 17, 2024 offered a Buy rating with a price target of $106. Citigroup was of a view on June 03, 2024 that the stock is Buy, while Telsey Advisory Group gave the stock Market Perform rating on May 23, 2024, issuing a price target of $95. Jefferies on their part issued Buy rating on April 08, 2024.
