There’s No Getting Around Best Buy Co. Inc. (NYSE: BBY) Success

After Hours

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.

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Stocks Info

BBY belongs to the Consumer Cyclical sector of the NYSE while operating in the Specialty Retail industry. The current market capitalization of Best Buy Co. Inc. is $18.06B. A total of 1.65 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Best Buy Co. Inc. pays an annual dividend of $3.72, resulting in a dividend yield of 4.44%, and it has a price to earnings (P/E) ratio of 14.66. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BBY has a high of $93.72 and a low of $62.30.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

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. 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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