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Tuesday, January 31, 2023

Are Things Looking Up For Best Buy Co. Inc. (NYSE: BBY)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Best Buy Co. Inc. (BBY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $81.52. The Best Buy Co. Inc. has recorded 88,284 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Purolator partners with Best Buy to help make holiday shipping more seamless for consumers.


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Stocks Info

The company is listed on the NYSE and operates within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $81.52 and fluctuated between $83.00 as its day high and $80.79 as its day low. The current market capitalization of Best Buy Co. Inc. is $18.17B. A total of 1.88 million shares were traded on the day, compared to an average of 3.03M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BBY has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 193,000 and the disposition of 561,600 shares. Over the last 12 months, there were 57 BUYs and 42 SELLs from insiders. Insiders purchased 1,639,814 shares during that period but sold 2,340,770.

In the most recent transaction, Harmon Damien sold 2,500 shares of BBY for 79.99 per share on Dec 23. After the transaction, the EVP, Omnichannel now owns 42,805 company shares. In a previous transaction on Nov 28, SCHULZE RICHARD M sold 366,100 shares at 81.94 per share. BBY shares that Chairman Emeritus owns now total 590,148.

Among the insiders who sold shares, Eldracher Deborah DiSanzo disposed of 28 shares on Oct 17 at a per-share price of $64.58. This resulted in the President, Best Buy Health holding 21,412 shares of BBY after the transaction. In another insider transaction, Eldracher Deborah DiSanzo sold 1,834 shares at $71.58 per share on Sep 21. Company shares held by the President, Best Buy Health now total 21,169.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Best Buy Co. Inc. pays an annual dividend of $3.52, resulting in a dividend yield of 4.32%, and it has a price to earnings (P/E) ratio of 12.17. BBY’s most recent ex-dividend date was 12/12/2022 when it declared a $0.88 quarterly dividend that was paid in cash on 1/3/2023. Previously, the company paid the dividend on 10/11/2022 with an ex-dividend date of 9/19/2022. The BBY stock dividend was $0.88 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BBY in the last 3 months, the mean price target is $83.62 with high estimates of $110.00 and low estimates of $69.00. In terms of 52-week highs and lows, BBY has a high of $112.96 and a low of $60.78.

As of this writing, BBY has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.19 per share and a lower estimate of $0.95. The company reported an EPS of $1.57 in the last quarter, which was -2.50% lower than expectations of $1.61.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BBY is Sell with a score of 3.25. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 19 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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