The stock of Best Buy Co. Inc. (NYSE:BBY) last traded at $88.10, down -1.19% from the previous session.
BBY stock price is now 7.44% away from the 50-day moving average and 16.15% away from the 200-day moving average. The market capitalization of the company currently stands at $19.00B.
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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, Bonfig Jason J, SEVP Cust. Offerings & Fulfill sold 3,500 shares of the company’s stock on Jul 08 ’24. The stock was sold for $290,570 at an average price of $83.02. Upon completion of the transaction, the SEVP Cust. Offerings & Fulfill now directly owns 50,714 shares in the company, valued at $4.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, SVP, Controller & CAO Watson Mathew sold 2,319 shares of the business’s stock. A total of $204,350 was realized by selling the stock at an average price of $88.12. This leaves the insider owning 20,279 shares of the company worth $1.79 million. A total of 8.91% 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 $82.8168 and a two-hundred day moving average price translates $76.32355 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.
