After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Best Buy Announces Retirement of Board Chairman J. Patrick Doyle, Appoints David Kenny.
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Stocks Info
This NYSE-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Best Buy Co. Inc. is $16.93B. A total of 4.06 million shares were traded on the day, compared to an average of 2.94M shares.
In the most recent transaction, SCHULZE RICHARD M sold 241,785 shares of BBY for 80.07 per share on Mar 08 ’24. After the transaction, the Chairman Emeritus now owns 283,298 company shares. In a previous transaction on Mar 01 ’24, SCHULZE RICHARD M sold 15,522 shares at 80.89 per share. BBY shares that Chairman Emeritus owns now total 337,754.
Among the insiders who sold shares, Hartman Todd G. disposed of 6,000 shares on Mar 01 ’24 at a per-share price of $78.23. This resulted in the GC, Chief Risk Officer holding 19,705 shares of BBY after the transaction. In another insider transaction, SCHULZE RICHARD M sold 799,670 shares at $82.35 per share on Feb 29 ’24. Company shares held by the Chairman Emeritus now total 341,249.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Best Buy Co. Inc. pays an annual dividend of $4.62, resulting in a dividend yield of 5.88%, and it has a price to earnings (P/E) ratio of 13.82. BBY’s most recent ex-dividend date was 3/20/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 4/11/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 12/11/2023. The BBY stock dividend was $0.92 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BBY has a high of $86.11 and a low of $62.30.
As of this writing, BBY has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.04. The company reported an EPS of $1.29 in the last quarter, which was 9.30% higher than expectations of $1.18.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $14.17, while its Total Shareholder’s Equity was $3.02B.
Analysts Opinion
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. 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.
