Best Buy Co., Inc.'s (NYSE:BBY) stock has seen significant movement, with both positive and negative impacts. Significant stakeholders, such as Forsta AP Fonden, Choreo LLC, and Federated Hermes Inc., have altered their positions, while notable entities such as the National Bank of Canada FI, Empirical Finance LLC, and Illinois Municipal Retirement Fund increased their holdings. Jim Cramer voiced his optimism about the brand. More pessimistically, there are questions around the company's sales capabilities against the likes of Amazon, decreasing stock values, and warnings of layoffs. Moreover, insiders including founder, Richard Schulze, SEVP Damien Harmon, and CFOMatthew Bilunas have sold shares.
Best Buy has beaten profit estimates, shown strong Q4 sales, and presented positive Q4 results despite a sales dip. However, its domestic sales have dropped by 3%. Reports of AI-powered service enhancement in collaboration with Google Cloud generated interest. On the flip side, financial experts warn the stock may be overvalued. The company plans to distribute the regular quarterly cash dividend of $0.94.
Best Buy Company Stocks BBY News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 15 Sep 2024 13:55:58 GMT -
Rating 1
- Innovation 3
- Information 5
- Rumor -3
