Best Buy Co Inc (NYSE:BBY) insider Shari L. Ballard sold 3,475 shares of Best Buy stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $72.45, for a total transaction of $251,763.75. The transaction was disclosed in a filing with the SEC, which is available through this link.
Best Buy Co Inc (BBY) traded down $1.62 during trading on Wednesday, reaching $69.90. 5,155,729 shares of the company were exchanged, compared to its average volume of 4,120,000. Best Buy Co Inc has a fifty-two week low of $43.72 and a fifty-two week high of $78.59. The stock has a market cap of $20,430.00, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 0.59.
Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, March 1st. The technology retailer reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.37. Best Buy had a net margin of 2.37% and a return on equity of 32.68%. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $14.52 billion. During the same period in the previous year, the business earned $1.93 EPS. Best Buy’s revenue was up 14.0% compared to the same quarter last year. equities research analysts anticipate that Best Buy Co Inc will post 4.97 earnings per share for the current fiscal year.
Several equities analysts have commented on BBY shares. Zacks Investment Research raised shares of Best Buy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating on shares of Best Buy in a report on Thursday, November 16th. Loop Capital set a $72.00 price target on shares of Best Buy and gave the stock a “buy” rating in a report on Thursday, November 16th. Deutsche Bank reaffirmed a “buy” rating on shares of Best Buy in a report on Thursday, November 16th. Finally, Wedbush set a $32.00 price target on shares of Best Buy and gave the stock a “sell” rating in a report on Wednesday, November 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $69.25.
Institutional investors have recently added to or reduced their stakes in the stock. SWS Partners purchased a new position in Best Buy in the 4th quarter valued at approximately $110,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Best Buy by 232.8% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,030 shares of the technology retailer’s stock valued at $139,000 after buying an additional 1,420 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Best Buy in the 3rd quarter valued at approximately $139,000. Squar Milner Financial Services LLC purchased a new position in Best Buy in the 4th quarter valued at approximately $201,000. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Best Buy during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 85.73% of the company’s stock.
Best Buy Company Profile
Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International.
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