Best Buy Co., Inc. (BBY) Reached 1-Year High on May, 16

May 16, 2018 - By Robert Case

Best Buy Co., Inc. (NYSE:BBY) Corporate Logo

During 2017 Q4 the big money sentiment increased to 0.86. That’s change of 0.10, from 2017Q3’s 0.76. 34 investors sold all, 198 reduced holdings as Best Buy Co., Inc. ratio is positive. 124 increased stakes while 75 funds took stakes. Funds hold 233.61 million shares thus 5.15% less from 2017Q3’s 246.28 million shares.
Millennium Limited Liability Com has 114,272 shs for 0.01% of their capital. Qs Investors Ltd Liability Co invested in 21,008 shs or 0.01% of the stock. 14,229 are held by Wealthfront Inc. 12.48 million were accumulated by State Street. Jnba Financial has 26,785 shs for 0.39% of their capital. Lmr Prns Llp holds 0.08% or 11,894 shs in its capital. Impax Asset Management Limited Liability Corporation reported 0.02% in Best Buy Co., Inc. (NYSE:BBY). Ny State Common Retirement Fund accumulated 648,750 shs. Prudential Finance has 0.07% invested in Best Buy Co., Inc. (NYSE:BBY). Ww Asset Mgmt holds 0.05% of its capital in Best Buy Co., Inc. (NYSE:BBY) for 23,324 shs. Utah Retirement Sys reported 47,753 shs or 0.07% of all its holdings. Covenant Multifamily Offices Ltd Limited Liability Company has 0% invested in Best Buy Co., Inc. (NYSE:BBY) for 50 shs. Federated Investors Pa holds 0.01% in Best Buy Co., Inc. (NYSE:BBY) or 64,297 shs. Cwm Ltd Limited Liability Company has 0% invested in Best Buy Co., Inc. (NYSE:BBY) for 49 shs. Moneta Group Inc Invest Advsrs Limited Liability, a Missouri-based fund reported 4 shs.

Best Buy Co., Inc. had 30 insider sales and 0 insider buys since December 12, 2017. This’s net activity of $53.96 million. On Tuesday, March 6 990 shs were sold by Watson Mathew, worth $76,438. Shares for $12.83M were sold by SCHULZE RICHARD M. On Wednesday, March 14 5,100 shs were sold by Ballard Shari L, worth $359,530. The insider Saksena Asheesh sold $108,070. 2,901 shs were sold by Scarlett Kathleen, worth $201,428. VITTECOQ GERARD R sold $1.76M worth of Best Buy Co., Inc. (NYSE:BBY) or 23,684 shs on Friday, March 2.

Best Buy Co., Inc. (NYSE:BBY) touched 1-year high touching $78.99. Our target is $81.36. It was announced on May, 16 according to Barchart.com. The company has $22.27 billion market cap. The company’s valuation will be $668.04M more at $81.36 target.

BBY is hitting $78.99 during the last trading session, after increased 0.50%.Currently Best Buy Co., Inc. is uptrending after 46.62% change in last May 16, 2017. BBY has 1.41M shares volume. The stock outperformed the S&P 500 by 35.07%.

Best Buy Co., Inc. (NYSE:BBY)’s earnings report is anticipated on May, 24 before the open., RTT reports. earnings per share of $0.74 is 23.33 % up from 2017’s $0.6 EPS. BBY’s profit could be $208.61 million with 26.69 P/E in case $0.74 earnings per share is published. After $2.42 earnings per share was published previous quarter, analysts now see negative EPS growth of -69.42 % for Best Buy Co., Inc..

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

A total of 15 analysts rate Best Buy Co (NYSE:BBY) as follows: 3 “Buy”, 10 “Hold” and 2 “Sell”. Тherefore 20% are bullish. The firm has $87 highest and $38.0 lowest target. The avg target $73 is -7.58% below the last ($78.99) price. (NYSE:BBY) has 16 ratings reports on May 16, 2018 according to StockzIntelligence. On Friday, February 16 the firm has “Neutral” rating given by Citigroup. In Friday, March 2 report UBS maintained it with “Neutral” rating and $77 target. In Friday, March 2 report Telsey Advisory maintained it with “Hold” rating and $76.0 target. On Monday, February 26 the stock has “Sell” rating by Wedbush. On Thursday, March 1 the stock of Best Buy Co., Inc. (NYSE:BBY) earned “Buy” rating by Loop Capital Markets. On Tuesday, February 27 the firm earned “Hold” rating by Jefferies. On Monday, March 5 the firm earned “Hold” rating by Credit Suisse. On Thursday, January 25 Telsey Advisory Group downgraded the shares of BBY in report to “Market Perform” rating. On Friday, November 17 the firm has “Hold” rating by Deutsche Bank given. On Tuesday, January 30 the firm has “Overweight” rating given by Barclays Capital.

A couple more Best Buy Co., Inc. (NYSE:BBY) news were announced by: Benzinga.com which released on April 19, 2018 “Amazon, Best Buy Find ‘Mutually Beneficial Opportunities’ In TV Partnership”, also Streetinsider.com on May 15, 2018 announced “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F”, the next Seekingalpha.com is “How Far Could Best Buy Fall?” on April 17, 2018. Seekingalpha.com has article titled “Best Buy’s Resilience Absolutely Incredible”.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.The firm is valued at $22.27 billion. The firm operates through two reportable divisions, Domestic and International.24.21 is the P/E ratio. The Company’s 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.

Best Buy Co., Inc. (NYSE:BBY) Institutional Investors Chart

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