Best Buy Co. Inc (NYSE:BBY) shares traded 13.32% higher at $63.65 on Wall Street last session.
BBY stock price is now -19.81% away from the 50-day moving average and -26.99% away from the 200-day moving average. The market capitalization of the company currently stands at $13.45B.
With the price target maintained at $70, Citigroup recently Downgraded its rating from Buy to Neutral for Best Buy Co. Inc (NYSE: BBY). On March 05, 2025, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $110 to quote $100, while the Telsey Advisory Group previously rated the stock as ‘Outperform’ on November 27, 2024.
In other news, Bilunas Matthew M, SEVP Enterprise Strategy & CFO sold 51,000 shares of the company’s stock on Mar 24 ’25. The stock was sold for $3,784,200 at an average price of $74.20. Upon completion of the transaction, the SEVP Enterprise Strategy & CFO now directly owns 55,856 shares in the company, valued at $3.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’25, SEVP Enterprise Strategy & CFO Bilunas Matthew M sold 9,482 shares of the business’s stock. A total of $688,839 was realized by selling the stock at an average price of $72.65. This leaves the insider owning 106,856 shares of the company worth $6.8 million. A total of 7.99% of the company’s stock is owned by insiders.
During the past 12 months, Best Buy Co. Inc has had a low of $55.00 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. According to the stock market information, the enterprise value for the company is $15074182144, which is based on a 14.89 price-to-earnings ratio, a 2.49 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for BBY is $79.3778 and a two-hundred day moving average price translates $87.18445 for the stock.
The latest earnings results from Best Buy Co. Inc (NYSE: BBY) was released for 2025-02-01. The net profit margin was 2.23% and return on equity was 31.63% for BBY. The company reported revenue of $13.95 billion for the quarter, compared to $14.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.77 percent.
