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After finishing at $86.27 in the prior trading day, Best Buy Co. Inc. (NYSE: BBY) closed at $85.50, down -0.89%. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 2.44 million shares were traded. BBY stock price reached its highest trading level at $86.425 during the session, while it also had its lowest trading level at $85.2.
Ratios:
Our goal is to gain a better understanding of BBY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.19. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 18443546624 and an Enterprise Value of 21379624960. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.97, and their Forward P/E ratio for the next fiscal year is 12.71. 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 5.99. Its current Enterprise Value per Revenue stands at 0.499 whereas that against EBITDA is 8.047.
Stock Price History:
The Beta on a monthly basis for BBY is 1.50, which has changed by 0.03230822 over the last 52 weeks, in comparison to a change of 0.23279357 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 5.37%, while the 200-Day Moving Average is calculated to be 13.14%.
Shares Statistics:
The stock has traded on average 3.33M shares per day over the past 3-months and 3155850 shares per day over the last 10 days, according to various share statistics. 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 85.10% stake in the company. Shares short for BBY as of 1719532800 were 13697238 with a Short Ratio of 4.11, compared to 1717113600 on 14138822. Therefore, it implies a Short% of Shares Outstanding of 13697238 and a Short% of Float of 8.1199996.
Dividends & Splits
In the trailing 12 months, BBY’s forward annual dividend rate was 3.7, compared to 3.72 this year. Against a Trailing Annual Dividend Yield of 0.042888608The 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.
