Shares of Consumer Discretionary sector company Best Buy moved 14.1% today, and are now trading at a price of $100.18. The Large-Cap stock's daily volume was 12,064,675 compared to its average volume of 3,342,560. The S&P 500 index returned a 0.0% performance.
Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. The company is based in Richfield and has 85,000 full time employees. Its market capitalization is $21,610,227,712. Best Buy currently offers its equity investors a dividend that yields 4.2% per year.
20 analysts are following Best Buy and have set target prices ranging from $80.0 to $117.0 per share. On average, they have given the company a rating of hold. At today's prices, BBY is trading 3.07% away from its average analyst target price of $97.2 per share.
Over the last year, BBY's share price has increased by 33.1%, which represents a difference of 9.3% when compared to the S&P 500. The stock's 52 week high is $103.71 per share whereas its 52 week low is $62.3. Best Buy's average free cash flow over the last 5 years has been $1.95 Billion, but they have been decreasing at an average rate of -16.9%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 1,470,000 | 795,000 | 675,000 | -24.5 |
| 2022 | 1,824,000 | 930,000 | 894,000 | -64.45 |
| 2021 | 3,252,000 | 737,000 | 2,515,000 | -40.32 |
| 2020 | 4,927,000 | 713,000 | 4,214,000 | 131.28 |
| 2019 | 2,565,000 | 743,000 | 1,822,000 | 14.66 |
| 2018 | 2,408,000 | 819,000 | 1,589,000 |
