Stocks of Best Buy Co. Inc (NYSE:BBY) traded higher last session on Wall Street, up 0.44% to $75.53.
BBY stock price is now -12.15% away from the 50-day moving average and -14.67% away from the 200-day moving average. The market capitalization of the company currently stands at $16.15B.
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With the price target reduced from $110 to $100, Telsey Advisory Group maintained Outperform rating for Best Buy Co. Inc (NYSE: BBY). On November 27, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $115 to quote $110, while ‘UBS’ rates the stock as ‘Buy’
In other news, Bilunas Matthew M, SEVP Enterprise Strategy & CFO sold 69,166 shares of the company’s stock on Dec 11 ’24. The stock was sold for $6,048,925 at an average price of $87.46. Upon completion of the transaction, the SEVP Enterprise Strategy & CFO now directly owns 92,070 shares in the company, valued at $6.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Officer Bilunas Matthew M bought 69,166 shares of the business’s stock. A total of $6,048,928 was incurred on buying the stock at an average price of $87.46. A total of 7.96% of the company’s stock is owned by insiders.
During the past 12 months, Best Buy Co. Inc has had a low of $69.29 and a high of $103.71. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 1.03, and a quick ratio of 0.39.
The net profit margin was 2.23% and return on equity was 31.63% for BBY. The company reported revenue of $9.45 billion for the quarter, compared to $9.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.19 percent.
