Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Best Buy Co. Inc. (NYSE: BBY) closed at $74.43 down -0.81% from its previous closing price of $75.04. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 3.49 million shares were traded. BBY stock price reached its highest trading level at $74.91 during the session, while it also had its lowest trading level at $73.535.
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 11.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.75. 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, Jefferies on April 08, 2024, Reiterated its Buy rating but revised its target price to $94 from $95 previously.
On March 22, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $89 to $101.
Telsey Advisory Group Upgraded its Market Perform to Outperform on March 20, 2024, whereas the target price for the stock was revised from $85 to $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 Apr 17 ’24 when Barry Corie S sold 366 shares for $75.76 per share. The transaction valued at 27,729 led to the insider holds 431,231 shares of the business.
Bilunas Matthew M sold 111 shares of BBY for $8,409 on Apr 17 ’24. The SEVP Enterprise Strategy & CFO now owns 91,250 shares after completing the transaction at $75.76 per share. On Apr 17 ’24, another insider, Bonfig Jason J, who serves as the SEVP Cust. Offerings & Fulfill of the company, sold 95 shares for $75.76 each. As a result, the insider received 7,197 and left with 54,214 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 16162251776 and an Enterprise Value of 18565836800. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.09, and their Forward P/E ratio for the next fiscal year is 11.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 5.25. Its current Enterprise Value per Revenue stands at 0.427 whereas that against EBITDA is 7.006.
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 -4.39%, while the 200-Day Moving Average is calculated to be -0.46%.
Shares Statistics:
For the past three months, BBY has traded an average of 3.11M shares per day and 2593970 over the past ten days. A total of 215.40M shares are outstanding, with a floating share count of 193.15M. Insiders hold about 10.33% of the company’s shares, while institutions hold 83.87% stake in the company. Shares short for BBY as of 1711584000 were 14719285 with a Short Ratio of 4.74, compared to 1709164800 on 16558765. Therefore, it implies a Short% of Shares Outstanding of 14719285 and a Short% of Float of 8.89.
Dividends & Splits
According to the company, the forward annual dividend rate for BBY is 3.70, from 3.68 in the trailing year. Against a Trailing Annual Dividend Yield of 0.04904051The stock’s 5-year Average Dividend Yield is 3.29.
Earnings Estimates
The company has 21.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.08 for the current quarter, with a high estimate of $1.15 and a low estimate of $1.02, 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 $6.27 and $5.75 for the fiscal current year, implying an average EPS of $6.03. EPS for the following year is $6.72, with 25.0 analysts recommending between $7.18 and $6.16.
Revenue Estimates
For the next quarter, 20 analysts are estimating revenue of $9.3B. There is a high estimate of $9.45B for the next quarter, whereas the lowest estimate is $9.14B.
A total of 25 analysts have provided revenue estimates for BBY’s current fiscal year. The highest revenue estimate was $42.85B, while the lowest revenue estimate was $41.27B, resulting in an average revenue estimate of $42.04B. In the same quarter a year ago, actual revenue was $43.45BBased on 25 analysts’ estimates, the company’s revenue will be $42.89B in the next fiscal year. The high estimate is $44.47B and the low estimate is $41.56B.
