How Should Investors View Best Buy Co. Inc. (BBY) Insider Trading?

At the last check on Friday, Best Buy Co. Inc.’s (NYSE:BBY) stock was up $0.43, moving up 0.49 percent to $87.79. The average number of shares traded per day over the past five days has been 2,454,974 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.84 fall in that time frame. In the last twenty days, the average volume was 2,077,588, while in the previous 50 days, it was 2,602,329.

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Since last month, BBY stock retreated -6.30%. Shares of the company fell to $83.38 on 05/11/22, the lowest level in the past month. A 52-week high of $141.97 was reached on 03/03/22 after having rallying from a 52-week low of $83.38. Since the beginning of this year, BBY’s stock price has dropped by -14.02% or -$14.03, and marked a new high 4 times. However, the stock has declined by -38.16% since its 52-week high.

Best Buy Co. Inc. (BBY) last reported insider trading activity 22 days ago on Apr 21. Hartman Todd G., the GC, Chief Risk Officer of the company, disposed of 1,188 shares for $95.72 on Apr 21. It resulted in a $113,717 divestment by the insider. Marte Mario Jesus sold 8 shares at an average price of $94.34 on Apr 04. The insider now owns 0 shares following the transaction. On Mar 23, EVP, HR and Best Buy Canada Scarlett Kathleen sold 10,108 shares at $97.64 apiece. The transaction was valued at $986,975.

Valuation Metrics

Right now, Best Buy Co. Inc. (BBY) has a P/E ratio of about 8.87. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 6.87, and the price-to-cash flow ratio of 10.85 may also be considered.

The latest dividend of $0.88 per share was paid out, which is 25.71% more than last year’s $0.70. On Friday March 4 2022, a $0.18 dividend increase was announced.

Financial Health

In the three months ended January 30, Best Buy Co. Inc.’s quick ratio stood at 0.40, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending January 30 was 0.40, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 22.50% percent. In the year ended January 30, operating margins totaled 5.90%. Based on annual data, BBY earned $11.64 billion in gross profit and brought in $51.76 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 58.00%. Return on equity (ROE) for the past 12 months was 62.20%.

In Best Buy Co. Inc.’s quarter-end financial report for January 30, it reported total debt of $1.22 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BBY’s revenue fell -1.74% to $11.91 billion during the quarter, while net income inched up to $11.65 billion. While analysts expected Best Buy Co. Inc. to report $2.73 quarterly earnings, the actual figure was $2.73 per share. During the quarter, the company generated $1.03 billion in EBITDA. The liabilities of Best Buy Co. Inc. were 14.48 billion at the end of its most recent quarter ended January 30, and its total debt was $3.94 billion. The value of shareholders’ equity is $225.23 million.

Technical Picture

This quick technical analysis looks at Best Buy Co. Inc.’s (BBY) price momentum. With a historical volatility rate of 52.22%, the RSI 9-day stood at 40.55% on 12 May.

With respect to its five-day moving average, the current Best Buy Co. Inc. price is down by -4.20% percent or -$3.84. At present, BBY shares trade -6.68% below its 20-day simple moving average and -8.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.49% below its SMA50 and -23.36% below its SMA200.

Stochastic coefficient K was 19.32% and Stochastic coefficient D was 15.64%, while ATR was 4.28. Given the Stochastic reading of 28.31% for the 14-day period, the RSI (14) reading has been calculated as 41.75%. As of today, the MACD Oscillator reading stands at -4.27, while the 14-day reading stands at -5.03.

Analyst Ratings

Telsey Advisory Group reiterated its an Outperform rating on Best Buy Co. Inc. (NYSE: BBY) in a note to investors. The analysts firm has however raised their price target to $130, representing a possible 29.77% increase in the stock price.


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