Sharon McCollam - Best Buy CFO and Chief Admin. Officer
| BBY Stock | USD 76.00 0.23 0.30% |
CFO
Ms. Sharon L. McCollam is no longer Chief Financial Officer Chief Administrative Officer of Best Buy Co Inc. effective June 14 2016. Ms. McCollam was previously Executive Vice President Chief Operating Officer and Chief Financial Officer of WilliamsSonoma Inc. a premier specialty retailer of home furnishings from July 2006 until her retirement in March 2012. At WilliamsSonoma she was responsible for the longterm strategic planning activities of the company and oversaw multiple key functions including global finance treasury investor relations information technology real estate store development corporate operations and human resources. Ms. McCollam also held various executive leadership roles including principal accounting officer at WilliamsSonoma from March 2000 to July 2006. Prior to her time at WilliamsSonoma Ms. McCollam served as Chief Financial Officer of Dole Fresh Vegetables Inc. from 1996 to 2000 and in various other financerelated leadership positions at Dole Food Company Inc. a producer and marketer of fresh fruit and vegetables from 1993 to 1996. Ms. McCollam serves as a member of the board of directors for Sutter Health a nonprofit network of hospitals and doctors in Northern California Art.com an online specialty art retailer and Privalia Venta Directa s.a. a European ecommerce apparel retailer since 2013.
| Age | 52 |
| Tenure | 11 years |
| Address | 7601 Penn Avenue South, Richfield, MN, United States, 55423 |
| Phone | (612) 291-1000 |
| Web | https://corporate.bestbuy.com |
Best Buy Management Efficiency
The company has Return on Asset of 0.0702 % which means that on every $100 spent on assets, it made $0.0702 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4244 %, implying that it generated $0.4244 on every 100 dollars invested. Best Buy's management efficiency ratios could be used to measure how well Best Buy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.02 in 2024. Return On Capital Employed is likely to drop to 0.09 in 2024. At this time, Best Buy's Non Current Assets Total are fairly stable compared to the past year. Intangible Assets is likely to rise to about 228.2 M in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024.Similar Executives
| Found 2 records | CFO Age | ||
| William Walljasper | Caseys General Stores | 52 | |
| Stephen Bramlage | Caseys General Stores | 54 | |
Management Performance
| Return On Equity | 0.42 | |||
| Return On Asset | 0.0702 |
Best Buy Leadership Team
Elected by the shareholders, the Best Buy's board of directors comprises two types of representatives: Best Buy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Best. The board's role is to monitor Best Buy's management team and ensure that shareholders' interests are well served. Best Buy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Best Buy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sharon McCollam, CFO and Chief Admin. Officer | ||
| Michael Mohan, Chief Merchandising Officer | ||
| Gerard Vittecoq, Independent Director | ||
| Brian Tilzer, Chief Digital and Technology Officer | ||
| Shari Ballard, Chief HR Officer and President of U.S. Retail | ||
| Paula Baker, Chief Human Resource Officer | ||
| J Doyle, Director | ||
| Jason Bonfig, Senior Fulfillment | ||
| Matthew Furman, Chief Communications and Public Affairs Officer | ||
| Ron Wilson, President International | ||
| R Mohan, President, Chief Operating Officer | ||
| Jeff Haydock, Chief Officer | ||
| Claudia Munce, Independent Director | ||
| Karen McLoughlin, Independent Director | ||
| Deborah DiSanzo, President Best Buy Health | ||
| Todd Hartman, Executive Vice President Chief Compliance Officer, Chief Risk Officer, General Counsel, Secretary | ||
| Thomas Millner, Independent Director | ||
| Corie Barry, Chief Executive Officer, Director | ||
| Cindy Kent, Independent Director | ||
| Matthew Bilunas, Chief Financial Officer | ||
| Keri Grafing, Chief Officer | ||
| Allison Peterson, Chief Customer Officer | ||
| Christopher Askew, President Services | ||
| Steven Rendle, Independent Director | ||
| Keith Nelsen, Executive VP, General Counsel and Secretary | ||
| Mark Irvin, Chief Officer | ||
| David Kenny, Independent Director | ||
| Eugene Woods, Independent Director | ||
| Trish Walker, President Services | ||
| Richard Schulze, Founder Emeritus | ||
| Mollie Obrien, Senior Director of Investor Relations | ||
| Hubert Joly, Executive Chairman of the Board | ||
| Mathew Watson, Chief Accounting Officer, Vice President - Finance, Controller, Principal Accounting Officer | ||
| Kathy Victor, Independent Director | ||
| Patrick Doyle, Independent Director | ||
| Joseph Doyle, Independent Chairman of the Board | ||
| Russell Fradin, Lead Independent Director | ||
| Richelle Parham, Independent Director | ||
| Lisa Caputo, Independent Director | ||
| Asheesh Saksena, Chief Strategic Growth Officer | ||
| Kamy Scarlett, Chief Human Resources Officer; President, U.S. Retail Stores | ||
| Mary Kelley, President e-Commerce | ||
| Greg Revelle, Chief Marketing Officer | ||
| Mark Weinberger, Director | ||
| Bradbury Anderson, Independent Director | ||
| Mario Marte, Independent Director | ||
| Damien Harmon, Ex Omnichannel |
Best Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Best Buy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.42 | |||
| Return On Asset | 0.0702 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 18.97 B | |||
| Shares Outstanding | 215.38 M | |||
| Shares Owned By Insiders | 11.28 % | |||
| Shares Owned By Institutions | 84.32 % | |||
| Number Of Shares Shorted | 14.72 M | |||
| Price To Earning | 12.77 X |
Pair Trading with Best Buy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.Moving against Best Stock
| 0.79 | UCAR | U Power Limited Upward Rally | PairCorr |
| 0.79 | EGOX | NexteGO NV Ordinary | PairCorr |
| 0.76 | ARKO | Arko Corp Financial Report 13th of May 2024 | PairCorr |
| 0.71 | SPWH | Sportsmans Financial Report 4th of June 2024 | PairCorr |
| 0.69 | VEEE | Twin Vee Powercats | PairCorr |
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Best Stock analysis
When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 3.68 | Earnings Share 5.68 | Revenue Per Share 199.596 | Quarterly Revenue Growth (0.01) |
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.