After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Best Buy Reports Third Quarter Results.
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Stocks Info
Best Buy Co. Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $73.07 and fluctuated between $74.94 as its day high and $72.73 as its day low. The current market capitalization of Best Buy Co. Inc. is $15.74B. A total of 2.48 million shares were traded on the day, compared to an average of 2.89M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BBY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 29 SELLs from insiders. Insiders purchased 280,644 shares during that period but sold 529,809.
In the most recent transaction, SCHULZE RICHARD M sold 110,974 shares of BBY for 77.00 per share on Dec 20. After the transaction, the Chairman Emeritus now owns 19,566,458 company shares. In a previous transaction on Dec 14, SCHULZE RICHARD M sold 313,728 shares at 76.97 per share. BBY shares that Chairman Emeritus owns now total 199,448.
Among the insiders who sold shares, SCHULZE RICHARD M disposed of 48,401 shares on Dec 11 at a per-share price of $75.07. This resulted in the Chairman Emeritus holding 253,370 shares of BBY after the transaction. In another insider transaction, SCHULZE RICHARD M sold 74,178 shares at $75.04 per share on Dec 07. Company shares held by the Chairman Emeritus now total 267,199.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Best Buy Co. Inc. pays an annual dividend of $3.64, resulting in a dividend yield of 4.98%, and it has a price to earnings (P/E) ratio of 12.60. BBY’s most recent ex-dividend date was 12/11/2023 when it declared a $0.92 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/10/2023 with an ex-dividend date of 9/18/2023. The BBY stock dividend was $0.92 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BBY in the last 3 months, the mean price target is $75.87 with high estimates of $90.00 and low estimates of $60.00. In terms of 52-week highs and lows, BBY has a high of $93.32 and a low of $62.30.
As of this writing, BBY has an earnings estimate of $2.51 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $2.59 per share and a lower estimate of $2.4. The company reported an EPS of $1.22 in the last quarter, which was 15.10% higher than expectations of $1.06.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BBY’s latest balance sheet shows that the firm has $2.94B in Cash & Short Term Investments as of fiscal 2022. There were $3.94B in debt and $10.67B in liabilities at the time. Its Book Value Per Share was $13.00, while its Total Shareholder’s Equity was $3.02B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.35.
