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. Yahoo Finance discussed the stock recently as it posted Best Buy Reports Third Quarter Results.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
Best Buy Co. Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Specialty Retail industry. The current market capitalization of Best Buy Co. Inc. is $16.43B. A total of 1.9 million shares were traded on the day, compared to an average of 2.71M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. 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
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Best Buy Co. Inc. pays an annual dividend of $3.68, resulting in a dividend yield of 4.82%, and it has a price to earnings (P/E) ratio of 13.16. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BBY in the last 3 months, the mean price target is $76.44 with high estimates of $90.00 and low estimates of $66.00. In terms of 52-week highs and lows, BBY has a high of $85.40 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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
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. 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 3.43.
