Long-Term Potential Remains Strong With Best Buy Co., Inc. (BBY)

SCHULZE RICHARD M, 10% Owner, subtracted 379,335 shares of Best Buy Co., Inc. (BBY) from its portfolio at the rate of $75.30 per share valuing $28,562,408 on Jul 22. The insider left behind 18,995,926 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Best Buy Co., Inc. (BBY) was $66.04. Currently, the 1st Resistance Point for this stock is $66.95, with a 2nd Resistance Point sitting at $67.87. Meanwhile, this company’s stock has a 1st Support Level at $65.42 and a 2nd Support Level at $64.81. Best Buy Co., Inc. (BBY) stock has lost -$5.25, or -7.36%, in the past five days. In the last full month, these shares have lost -$8.67, or -11.60%. In the past three months, this stock’s price has fallen by -$2.80, or -4.07%. This year-to-date, Best Buy Co., Inc. (BBY) shares have gained $13.08, or 24.70%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Best Buy Co., Inc. (BBY) stock, 50% of short-term indicators suggest that these shares are a “ Sell .”

With 267,043 K shares outstanding, this company currently has a market capitalization of $17,694,270K. Best Buy Co., Inc. (BBY) generates $42,879 M in annual sales, amounting to annual net income of $1,464 M. This stock has generated a 1-Year Total Return of -16.81%, a 3-Year Total Return of 67.27%, and a 5-year Total Return of 107.09%. This stock’s 5-Year Dividend Growth is 164.71%, with its most recent dividend valued at $0.500 per share on 06/12/19. Its Annual Dividend Yield is 3.05%, and its Annual Dividend Rate is 2.00.

In the most recently-reported fiscal quarter, which ended in Apr-19, Best Buy Co., Inc. (BBY) reported earnings of $1.02 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.86 per share, representing a 0.16 difference and 18.03% surprise. In the previous quarter ending in Jan-19, the reported earnings of $2.72 represented a 0.16 difference from the consensus estimate calling for $2.56 per share, which was a 6.15% surprise.

For the current fiscal quarter, which is set to end in 07/2019, the average earnings estimate is $0.99 per share. This estimate came from a total of 10 Wall Street Analysts. Of those market experts, the high estimate was $1.02 and the low estimate was $0.97. In the year-ago quarter, Best Buy Co., Inc. (BBY) generated per-share earnings of $0.91. If the analysts are correct about the current quarter’s earnings, the growth will be +8.79%.

Turning our focus now to insider trading activity, there have been 21 purchases (3,772,461 shares in total) and 27 sale (7,932,449 shares in total) in the last 3 months. In the last 6 months, there have been 41 insider buys amounting to 4,778,794 shares and 56 insider sales amounting to 10,545,358 shares. In the past full year, 47 insider purchases were made (involving 9,946,328 shares) and 71 insider sell-offs equivalent to 15,788,955 shares.

Moving onto liquidity, Best Buy Co., Inc. (BBY) has a Current Ratio of 1.18, a Quick Ratio of 0.46 and a Cash Ratio of 0.29. Looking at this company’s capital structure, its Total Debt to Total Equity is 41.98, its Total Debt to Total Capital is 29.57, and its Total Debt to Total Assets is now 10.54. Looking even further ahead into the future, its Long-Term Debt to Equity is 40.29 and its Long-Term Debt to Total Capital is 28.38.