Make Sure You Stick With Best Buy Co. Inc. (BBY). It’s Bull Time Again

After Hours

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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. The current market capitalization of Best Buy Co. Inc. is $17.69B. A total of 2.87 million shares were traded on the day, compared to an average of 3.46M shares.

In the most recent transaction, SCHULZE RICHARD M sold 88,542 shares of BBY for 88.25 per share on Jul 24 ’24. After the transaction, the Chairman Emeritus now owns 13,602,853 company shares. In a previous transaction on Jul 23 ’24, SCHULZE RICHARD M sold 311,458 shares at 89.05 per share. BBY shares that Chairman Emeritus owns now total 13,691,395.

Among the insiders who sold shares, SCHULZE RICHARD M disposed of 600,000 shares on Jul 22 ’24 at a per-share price of $88.29. This resulted in the Chairman Emeritus holding 14,002,853 shares of BBY after the transaction. In another insider transaction, SCHULZE RICHARD M sold 308,672 shares at $88.44 per share on Jul 19 ’24. Company shares held by the Chairman Emeritus now total 14,602,853.

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 $3.72, resulting in a dividend yield of 4.54%, and it has a price to earnings (P/E) ratio of 14.36. BBY’s most recent ex-dividend date was 6/20/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 7/11/2024. Previously, the company paid the dividend on 4/11/2024 with an ex-dividend date of 3/20/2024. The BBY stock dividend was $0.94 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. In terms of 52-week highs and lows, BBY has a high of $93.72 and a low of $62.30.

As of this writing, BBY has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 21.0 estimates, with a high estimate of $1.21 per share and a lower estimate of $1.08.

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 $14.26, 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 3.90.

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