A share price of Best Buy Co. Inc [BBY] is currently trading at $86.78, up 1.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The BBY shares have gain 2.66% over the last week, with a monthly amount drifted -0.08%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Best Buy Co. Inc [NYSE: BBY] stock has seen the most recent analyst activity on November 27, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $110 from $115. Previously, Telsey Advisory Group reaffirmed its Outperform rating on August 30, 2024, and elevated its price target to $115. On June 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $106 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $100 on June 03, 2024. Telsey Advisory Group downgraded its rating to a Market Perform but $95 remained the price target by the analyst firm on May 23, 2024. Jefferies reiterated a Buy rating for this stock on April 08, 2024, and downed its price target to $94. In a note dated March 22, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $89 to $101.
Best Buy Co. Inc experienced fluctuations in its stock price throughout the past year between $69.29 and $103.71. Currently, Wall Street analysts expect the stock to reach $99.89 within the next 12 months. Best Buy Co. Inc [NYSE: BBY] shares were valued at $86.78 at the most recent close of the market. An investor can expect a potential return of 15.11% based on the average BBY price forecast.
Analyzing the BBY fundamentals
Trailing Twelve Months sales for Best Buy Co. Inc [NYSE:BBY] were 42.23B which represents -3.19% decline. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.41 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.33 points at the first support level, and at 83.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.60, and for the 2nd resistance point, it is at 88.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Best Buy Co. Inc [NYSE:BBY] is 1.00. On the other hand, the Quick Ratio is 0.22, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 6.02 and price to earnings (TTM) ratio is 14.82.
Transactions by insiders
Recent insider trading involved Bilunas Matthew M, SEVP Enterprise Strategy & CFO, that happened on Dec 11 ’24 when 69166.0 shares were sold. Officer, Bilunas Matthew M completed a deal on Dec 11 ’24 to buy 69166.0 shares. Meanwhile, CEO Barry Corie S sold 79829.0 shares on Sep 11 ’24.
