In yesterday’s Wall Street session, Best Buy Co. Inc. (NYSE:BBY) shares traded at $92.37, down -1.35% from the previous session.
BBY stock price is now 18.11% away from the 50-day moving average and 24.01% away from the 200-day moving average. The market capitalization of the company currently stands at $19.93B.
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With the price target enhanced from $85 to $106, UBS Upgraded its rating from Neutral to Buy for Best Buy Co. Inc. (NYSE: BBY). On June 03, 2024, Citigroup Upgraded its previous ‘Sell’ rating to ‘Buy’ on the stock increasing its target price from $67 to quote $100, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Watson Mathew, SVP, Controller & CAO sold 2,319 shares of the company’s stock on Jun 06 ’24. The stock was sold for $204,350 at an average price of $88.12. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 20,279 shares in the company, valued at $1.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Chairman Emeritus SCHULZE RICHARD M sold 1,000,000 shares of the business’s stock. A total of $85,846,747 was realized by selling the stock at an average price of $85.85. This leaves the insider owning 15,890,103 shares of the company worth $1.47 billion. A total of 8.88% of the company’s stock is owned by insiders.
During the past 12 months, Best Buy Co. Inc. has had a low of $62.30 and a high of $93.72. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 1.01, and a quick ratio of 0.33. The fifty day moving average price for BBY is $78.4056 and a two-hundred day moving average price translates $74.5742 for the stock.
The latest earnings results from Best Buy Co. Inc. (NYSE: BBY) was released for 2024-05-04. The net profit margin was 2.90% and return on equity was 42.31% for BBY. The company reported revenue of $8.85 billion for the quarter, compared to $9.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.55 percent.
