Analysts Review on: Best Buy Co., Inc. (BBY)

Joanna Estrada
July 15, 2017

(NYSE:BBY) Worth Buying? The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Janney Montgomery Scott LLC now owns 17,173 shares of the technology retailer's stock valued at $844,000 after buying an additional 106 shares during the last quarter. Dalton Greiner Hartman Maher & Co. now owns 6,078 shares of the technology retailer's stock worth $299,000 after buying an additional 248 shares during the period. Shares Rise 14% in May?" on June 13, 2017, also with their article: "Best Buy Co Inc (BBY) Stock and Retail Got Whacked.

Many analysts are providing their Estimated Earnings analysis for Best Buy Co., Inc. and for the current quarter 25 analysts have projected that the stock could give an Average Earnings estimate of $0.63/share. Loop Capital boosted Best Buy from a "sell" recommendation to a "hold" recommendation and reduced their PT for the shares from $37.00 to $35.00 in a study report on early Mon, May 15th. BlackRock Inc. now owns 20,064,628 shares of the technology retailer's stock worth $986,174,000 after buying an additional 19,040,478 shares in the last quarter.

In case of Revenue Estimates, 21 analysts have provided their consensus Average Revenue Estimates for Best Buy Co., 8.66 Billion. Another trade for 15,000 shares valued at $892,262 was sold by Ballard Shari L. $1.24M worth of Best Buy Co Inc (NYSE:BBY) shares were sold by Saksena Asheesh. Cleararc Capital has an ownership of 6,644 stocks of the technology retailer's shares valued $327,000 after scooping up an extra 18 shares through out the quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Best Buy Co. during the fourth quarter worth approximately $235,000. Best Buy, has a 1 year low of $30.69 and a 1 year high of $61.95. Raymond James maintained Best Buy Co Inc (NYSE:BBY) rating on Wednesday, August 24. BBY exchanged 3.58 million shares in recent session versus to the average volume of 4.43 million shares while its relative volume is 0.81. The company has a 50 day moving average of $55.81 and a 200 day moving average of $48.72. The Average Volume of the company is 4.35 Million and P/E (price to earnings) ratio is 14.67, while Forward P/E ratio is 13.07. Sentry Investment Management LLC's holdings in Best Buy Co. were worth $448,000 at the end of the most recent quarter. As of the latest earnings report the EPS was $3.72 and is expected to be $3.90 for the current year with 304,962,000 shares outstanding. The firm had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. Best Buy Co. The business's revenue for the quarter was up 1.0% compared to the same quarter previous year. Investors of record on Thursday, June 15th were issued a $0.34 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 2.46%. Best Buy Co.'s payout ratio is 36.46%. (NYSE:BBY) remains a cheap stock. "MA" was first posted by BBNS and is owned by of BBNS. If you are reading this news story on another domain, it was illegally copied and republished in violation of USA & global copyright and trademark legislation. Best Buy Co Inc (NYSE:BBY) has risen 62.80% since July 13, 2016 and is uptrending.

Several analysts have commented on the stock. For now, BBY is the toast of Wall Street as its ABR stands at 2.80 with 3 out of 27 analysts rating the stock a buy. Best Buy Co. makes up about 1.1% of Hays Advisory LLC's holdings, making the stock its 24th largest position. Best Buy Co. also was the target of unusually large options trading activity on Monday. Piper Jaffray Companies upgraded Best Buy Co. from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $44.85 to $55.00 in a report on Monday, March 27th. Sanford C. Bernstein restated a "sell" rating on shares of Best Buy a research report on Saturday, April 8th.

In related news, insider Patricia H. Walker sold 7,447 shares of Best Buy Co. stock in a transaction that occurred on Monday, April 24th. Following the transaction, the general counsel now directly owns 89,306 shares of the company's stock, valued at $5,269,947.06. The shares were sold at an average price of $51.02, for a total transaction of $379,945.94. Following the completion of the transaction, the insider now directly owns 34,096 shares in the company, valued at approximately $1,739,577.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The disclosure for this sale can be found here. Mn Services Vermogensbeheer B.V. now owns 7,538 shares of the technology retailer's stock valued at $346,000 after buying an additional 175 shares during the last quarter.

Since March 2, 2017, it had 0 insider purchases, and 14 insider sales for $31.26 million activity.

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