Best Buy Co. Inc. (NYSE:BBY) traded today at a new 52-week high of $128.41. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.
Based on a current price of $128.37, Best Buy Co. Inc. is currently 6.8% above its average consensus analyst price target of $119.70.
Best Buy Co. Inc. share prices have moved between a 52-week high of $128.41 and a 52-week low of $73.59 and are now trading 74% above that low price at $128.37 per share.
Best Buy is one of the largest consumer electronics retailers in the U.S., with product and service sales representing more than 9% of the $450 billion-plus in personal consumer electronics and appliances expenditures in 2019 (based on estimates from the U.S. Bureau of Economic Analysis). The company is focused on accelerating online sales growth, improving its multichannel customer experience, developing new in-store and in-home service offerings, optimizing its U.S., Canada, and Mexico retail store square footage, lowering cost of goods sold expenses through supply-chain efficiencies, and reducing selling, general, and administrative costs.
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