In the Green: Best Buy Co. Inc. (BBY) Closes at 82.17, Up/Down -0.15 from Previous Day

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In the latest session, Best Buy Co. Inc. (NYSE: BBY) closed at $82.17 down -0.15% from its previous closing price of $82.29. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 3.07 million shares were traded. BBY stock price reached its highest trading level at $82.21 during the session, while it also had its lowest trading level at $80.53.

Ratios:

For a deeper understanding of Best Buy Co. Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.60. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 06 ’24 when Watson Mathew sold 2,319 shares for $88.12 per share. The transaction valued at 204,350 led to the insider holds 20,279 shares of the business.

SCHULZE RICHARD M sold 1,000,000 shares of BBY for $85,846,747 on Jun 03 ’24. The Chairman Emeritus now owns 15,890,103 shares after completing the transaction at $85.85 per share. On Jun 03 ’24, another insider, Watson Mathew, who serves as the SVP, Controller & CAO of the company, sold 2,000 shares for $85.81 each. As a result, the insider received 171,628 and left with 20,279 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 17751101440 and an Enterprise Value of 20495198208. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.39, and their Forward P/E ratio for the next fiscal year is 12.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 5.76. Its current Enterprise Value per Revenue stands at 0.479 whereas that against EBITDA is 7.714.

Stock Price History:

The Beta on a monthly basis for BBY is 1.50, which has changed by 0.013818622 over the last 52 weeks, in comparison to a change of 0.23886502 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 3.23%, while the 200-Day Moving Average is calculated to be 9.52%.

Shares Statistics:

For the past three months, BBY has traded an average of 3.25M shares per day and 3825290 over the past ten days. A total of 215.40M shares are outstanding, with a floating share count of 196.55M. Insiders hold about 8.88% of the company’s shares, while institutions hold 85.24% stake in the company. Shares short for BBY as of 1718323200 were 13855375 with a Short Ratio of 4.27, 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

According to the company, the forward annual dividend rate for BBY is 3.72, from 3.7 in the trailing year. Against a Trailing Annual Dividend Yield of 0.044962935The 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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