Best Buy Co., Inc. (NYSE:BBY) insider Shari L. Ballard sold 40,018 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $56.18, for a total transaction of $2,248,211.24. Following the transaction, the insider now owns 99,304 shares of the company’s stock, valued at $5,578,898.72. The transaction was disclosed in a filing with the SEC, which is available through this link.
Best Buy Co., Inc. (BBY) opened at $62.55 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. The firm has a market cap of $17,641.90, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.40. Best Buy Co., Inc. has a 1 year low of $41.67 and a 1 year high of $63.32.
Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, November 16th. The technology retailer reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Best Buy had a net margin of 3.09% and a return on equity of 28.46%. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same period last year, the business earned $0.60 earnings per share. Best Buy’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Best Buy Co., Inc. will post 4.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a $0.34 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. Best Buy’s dividend payout ratio (DPR) is currently 34.34%.
Several equities analysts have issued reports on the stock. Oppenheimer restated a “hold” rating on shares of Best Buy in a research report on Tuesday, August 29th. BidaskClub raised shares of Best Buy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Barclays reissued a “buy” rating and set a $65.00 target price on shares of Best Buy in a research note on Monday, August 28th. Piper Jaffray Companies reissued a “buy” rating and set a $70.00 target price on shares of Best Buy in a research note on Wednesday, August 23rd. Finally, Jefferies Group reissued a “hold” rating and set a $60.00 target price on shares of Best Buy in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.81.
Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in Best Buy by 18.4% during the second quarter. Huntington National Bank now owns 2,050 shares of the technology retailer’s stock valued at $118,000 after purchasing an additional 318 shares during the last quarter. PGGM Investments lifted its position in Best Buy by 0.9% during the second quarter. PGGM Investments now owns 175,839 shares of the technology retailer’s stock valued at $10,081,000 after purchasing an additional 1,609 shares during the last quarter. First Midwest Bank Trust Division lifted its position in Best Buy by 1.0% during the second quarter. First Midwest Bank Trust Division now owns 27,166 shares of the technology retailer’s stock valued at $1,557,000 after purchasing an additional 280 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in Best Buy during the second quarter valued at approximately $2,288,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Best Buy during the second quarter valued at approximately $219,000. Institutional investors own 86.50% of the company’s stock.
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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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