Brokerages Set Best Buy Co., Inc. (BBY) PT at the $39.78
- Author: Salvatore Jensen Mar 02, 2017,
Mar 02, 2017, 15:54
Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock.
Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.
A number of analysts recently issued reports on BBY shares. The stock has an average rating of "Hold" and an average target price of $40.09. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. Wedbush restated a buy rating and set a $42.00 price objective on shares of Best Buy Co.in a report on Wednesday, November 30th.
Inc.'s (BBY ) stock price tumbled -4.38% to finalize at $44.13 throughout previous buying and selling session. In Best Buy Co Inc (NYSE:BBY)'s last 12 earnings reports, it has beaten EPS estimates 100% of the time. Best Buy Co. has a 52-week low of $28.76 and a 52-week high of $49.40. (NYSE:BBY) in a report released on Tuesday.
In the past 5 years, the stock showed growth of -0.47% per annum.
2/28/2017-Loop Capital Reiterated Rating of Buy. (NYSE:BBY) opened at 44.13 on Wednesday. The technology retailer reported $1.95 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.28. The firm earned $8.95 billion during the quarter, compared to analysts' expectations of $8.85 billion.
Earnings Surprise: According to the earnings report released for Quarter Ending_Oct-16, The Company posted actual earnings of $0.62 per share whereas the Analysts projected earnings were $0.47 per share. During the same period in the prior year, the company earned $1.53 EPS. Ameriprise Financial Inc. boosted its position in shares of Best Buy Co.by 170.5% in the third quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. As of the end of Q3, BBY said it had purchased 15.7 million shares for a total of $517 million. 1 analysts call it Underweight, while 3 think it is Overweight. Best Buy Co.'s dividend payout ratio (DPR) is now 33.73%. Insiders sold a total of 1,006,138 shares of company stock worth $48,697,095 over the last 90 days. Also, major shareholder Richard M. Schulze sold 90,000 shares of Best Buy Co. stock in a transaction on Friday, December 16th. (NYSE:BBY)-1 analysts issued Strong buy for the stock, 4 analysts have given a Buy rating, 18 think it's a HOLD, 1 reported it as Underperform, while 2 analyst issued a Sell rating. Following the sale, the insider now directly owns 1,732,500 shares of the company's stock, valued at approximately $81,912,600. The disclosure for this sale can be found here. Corporate insiders own 1.21% of the company's stock.
On 5/22/2015 Best Buy Co. announced a quarterly dividend of $0.23 2.68% with an ex dividend date of 6/9/2015 which will be payable on 7/2/2015. The stock is now trading 2.3 percent higher from its SMA-50. Meiji Yasuda Asset Management Co Ltd. increased its stake in Best Buy Co.by 0.8% in the fourth quarter. Ltd. boosted its stake in Best Buy Co.by 100.4% in the second quarter. State Street Corp raised its stake in Best Buy Co.by 7.5% in the fourth quarter. BlackRock Fund Advisors now owns 4,700,572 shares of the technology retailer's stock worth $179,468,000 after buying an additional 161,355 shares during the last quarter. Finally, Kernodle & Katon Asset Management Group LLC acquired a new stake in Best Buy Co. during the third quarter worth about $173,000.
Its stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.