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. Recently, Yahoo Finance discussed the stock, revealing that Best Buy, Google Cloud, and Accenture Partner to Create a Better Customer Support Experience with Generative AI.
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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. At the end of the last regular session, the stock closed at $79.89 and fluctuated between $82.05 as its day high and $79.76 as its day low. The current market capitalization of Best Buy Co. Inc. is $17.21B. A total of 4.46 million shares were traded on the day, compared to an average of 3.09M shares.
In the most recent transaction, Barry Corie S sold 28,042 shares of BBY for 81.80 per share on Mar 22 ’24. After the transaction, the CEO now owns 429,159 company shares. In a previous transaction on Mar 22 ’24, Bilunas Matthew M sold 8,258 shares at 81.80 per share. BBY shares that SEVP Enterprise Strategy & CFO owns now total 90,694.
Among the insiders who sold shares, Bonfig Jason J disposed of 7,117 shares on Mar 22 ’24 at a per-share price of $81.80. This resulted in the SEVP Cust. Offerings & Fulfill holding 53,882 shares of BBY after the transaction. In another insider transaction, Harmon Damien sold 5,898 shares at $81.80 per share on Mar 22 ’24. Company shares held by the SEVP, Cust., Channel Exp & Ent now total 48,727.
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 $3.70, resulting in a dividend yield of 4.63%, and it has a price to earnings (P/E) ratio of 14.05. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $1.02. 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
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 $14.17, 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 3.62.
