Analytical Overview: Best Buy Co. Inc. (BBY)’s Ratios Tell a Financial Story

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As of close of business last night, Best Buy Co. Inc.’s stock clocked out at $85.57, down -0.98% from its previous closing price of $86.42. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 3.62 million shares were traded. BBY stock price reached its highest trading level at $87.88 during the session, while it also had its lowest trading level at $85.1026.

Ratios:

To gain a deeper understanding of BBY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.20. For the most recent quarter (mrq), Quick Ratio is recorded 0.33 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.09.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on June 17, 2024, Upgraded its rating to Buy and sets its target price to $106 from $85 previously.

On June 03, 2024, Citigroup Upgraded its rating to Buy which previously was Sell and also upped its target price recommendation from $67 to $100.

Telsey Advisory Group Downgraded its Outperform to Market Perform on May 23, 2024, while the target price for the stock was maintained at $95.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 08 ’24 when Bonfig Jason J sold 3,500 shares for $83.02 per share. The transaction valued at 290,570 led to the insider holds 50,714 shares of the business.

Watson Mathew sold 2,319 shares of BBY for $204,350 on Jun 06 ’24. The SVP, Controller & CAO now owns 20,279 shares after completing the transaction at $88.12 per share. On Jun 03 ’24, another insider, SCHULZE RICHARD M, who serves as the Chairman Emeritus of the company, sold 1,000,000 shares for $85.85 each. As a result, the insider received 85,846,747 and left with 15,890,103 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BBY now has a Market Capitalization of 18642022400 and an Enterprise Value of 21228625920. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.99, and their Forward P/E ratio for the next fiscal year is 12.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 6.00. Its current Enterprise Value per Revenue stands at 0.496 whereas that against EBITDA is 7.99.

Stock Price History:

The Beta on a monthly basis for BBY is 1.50, which has changed by 0.052521467 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, BBY has reached a high of $93.72, while it has fallen to a 52-week low of $62.30. The 50-Day Moving Average of the stock is 6.35%, while the 200-Day Moving Average is calculated to be 13.60%.

Shares Statistics:

It appears that BBY traded 3.35M shares on average per day over the past three months and 3275900 shares per day over the past ten days. A total of 215.40M shares are outstanding, with a floating share count of 196.50M. Insiders hold about 8.91% of the company’s shares, while institutions hold 84.99% stake in the company. Shares short for BBY as of 1718323200 were 13855375 with a Short Ratio of 4.14, compared to 1715731200 on 15755568. Therefore, it implies a Short% of Shares Outstanding of 13855375 and a Short% of Float of 8.2100004.

Dividends & Splits

With its trailing 12-month dividend rate of 3.7, BBY has a forward annual dividend rate of 3.72. Against a Trailing Annual Dividend Yield of 0.042814165The stock’s 5-year Average Dividend Yield is 3.38. The current Payout Ratio is 64.79% for BBY, which recently paid a dividend on 2024-06-20 with an ex-dividend date of 1718841600. Stock splits for the company last occurred on 2005-08-04 when the company split stock in a 3:2 ratio.

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