The closing price of Best Buy Co. Inc. (NYSE: BBY) was $79.52 for the day, up 1.67% from the previous closing price of $78.21. On the day, 2744651 shares were traded. BBY stock price reached its highest trading level at $79.61 during the session, while it also had its lowest trading level at $78.10.
Ratios:
Our analysis of BBY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.37 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.30 whereas as Long-Term Debt/Eq ratio is at 1.10.
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 this company, Telsey Advisory Group on March 01, 2024, Reiterated its Market Perform rating but revised its target price to $85 from $75 previously.
On December 11, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $69 to $89.
Telsey Advisory Group reiterated its Market Perform rating for the stock on November 22, 2023, while the target price for the stock was revised from $80 to $75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 01 ’24 when SCHULZE RICHARD M sold 15,522 shares for $80.89 per share. The transaction valued at 1,255,550 led to the insider holds 337,754 shares of the business.
Hartman Todd G. sold 6,000 shares of BBY for $469,380 on Mar 01 ’24. The GC, Chief Risk Officer now owns 19,705 shares after completing the transaction at $78.23 per share. On Feb 29 ’24, another insider, SCHULZE RICHARD M, who serves as the Chairman Emeritus of the company, sold 799,670 shares for $82.35 each. As a result, the insider received 65,854,018 and left with 341,249 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 17.13B and an Enterprise Value of 19.66B. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.99, and their Forward P/E ratio for the next fiscal year is 11.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 6.12. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is 7.57.
Stock Price History:
Over the past 52 weeks, BBY has reached a high of $86.11, while it has fallen to a 52-week low of $62.30. The 50-Day Moving Average of the stock is 75.29, while the 200-Day Moving Average is calculated to be 74.45.
Shares Statistics:
BBY traded an average of 2.94M shares per day over the past three months and 4.25M shares per day over the past ten days. A total of 218.10M shares are outstanding, with a floating share count of 192.73M. Insiders hold about 10.52% of the company’s shares, while institutions hold 83.56% stake in the company. Shares short for BBY as of Feb 15, 2024 were 17.61M with a Short Ratio of 5.98, compared to 13.65M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.18% and a Short% of Float of 10.63%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.68, BBY has a forward annual dividend rate of 3.68. Against a Trailing Annual Dividend Yield of 4.71%, it implies a Forward Annual Dividend Yield of 4.73%. The stock’s 5-year Average Dividend Yield is 3.26. The current Payout Ratio is 64.79% for BBY, which recently paid a dividend on Apr 11, 2024 with an ex-dividend date of Mar 20, 2024. Stock splits for the company last occurred on Aug 04, 2005 when the company split stock in a 3:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of $1.08 for the current quarter, with a high estimate of $1.15 and a low estimate of $1.04, while EPS last year was $1.15. The consensus estimate for the next quarter is $1.2, with high estimates of $1.31 and low estimates of $1.06.
Analysts are recommending an EPS of between $6.34 and $5.75 for the fiscal current year, implying an average EPS of $6.04. EPS for the following year is $6.73, with 24 analysts recommending between $7.18 and $6.16.
Revenue Estimates
A total of 25 analysts have provided revenue estimates for BBY’s current fiscal year. The highest revenue estimate was $42.88B, while the lowest revenue estimate was $41.27B, resulting in an average revenue estimate of $42.08B. In the same quarter a year ago, actual revenue was $43.45B, down -3.20% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $42.95B in the next fiscal year. The high estimate is $44.5B and the low estimate is $41.56B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.
