November 23, 2016 - By Vivian Park
As revealed in the Security and Exchange Commission, a public form for the deal of 8,162 shares of Best Buy Co Inc by Mathew Watson was filled. Mathew Watson is right now a VP – Finance – Contr. & CAO of the firm. The public form was filled on November 23, 2016. These transaction’s shares were unloaded at average $45.2 for each one share, and have a value of $369,144 U.S. Dollars. Mathew Watson now owns 17,415 shares or 0.01% of the Company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).
Out of 20 analysts covering Best Buy Co (NYSE:BBY), 6 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 30% are positive. $50 is the highest target while $20.50 is the lowest. The $39.35 average target is -16.06% below today’s ($46.88) stock price. Best Buy Co has been the topic of 52 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Vetr on Monday, August 10. Jefferies downgraded it to “Hold” rating and $36 target price in Monday, August 15 report. Deutsche Bank maintained Best Buy Co Inc (NYSE:BBY) on Wednesday, August 24 with “Hold” rating. The company was maintained on Wednesday, August 24 by Raymond James. Citigroup downgraded the stock to “Neutral” rating in Wednesday, May 25 report. Credit Suisse downgraded it to “Neutral” rating and $31 target price in Wednesday, June 15 report. The stock of Best Buy Co Inc (NYSE:BBY) has “Outperform” rating given on Wednesday, May 25 by Telsey Advisory Group. The stock of Best Buy Co Inc (NYSE:BBY) has “Neutral” rating given on Friday, February 26 by Piper Jaffray. The stock has “Neutral” rating given by Longbow on Thursday, June 16. Telsey Advisory Group maintained Best Buy Co Inc (NYSE:BBY) on Friday, February 26 with “Outperform” rating.
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.07, from 1.07 in 2016Q1. The ratio fall, as 44 funds sold all Best Buy Co Inc shares owned while 139 reduced positions. 42 funds bought stakes while 153 increased positions. They now own 263.98 million shares or 4.84% less from 277.42 million shares in 2016Q1.
Cornerstone Cap Mngmt Hldg Ltd Llc reported 654,896 shares or 0.16% of all its holdings. Nelson Van Denburg & Campbell Wealth Group Limited Company holds 0% or 121 shares in its portfolio. Cubist Systematic Strategies last reported 13,697 shares in the company. Mount Lucas L P has 363,151 shares for 1.89% of their US portfolio. Us National Bank & Trust De holds 0.03% of its portfolio in Best Buy Co Inc (NYSE:BBY) for 285,115 shares. Moreover, Teton Advsrs Incorporated has 0.02% invested in Best Buy Co Inc (NYSE:BBY) for 7,000 shares. Moreover, Dreman Value Mgmt L L C has 0.1% invested in Best Buy Co Inc (NYSE:BBY) for 5,444 shares. Point72 Asset L P last reported 0.08% of its portfolio in the stock. Tcw Group Inc holds 20,650 shares or 0% of its portfolio. Cibc World Markets last reported 0% of its portfolio in the stock. Sumitomo Life Company holds 0.11% or 25,985 shares in its portfolio. Cibc Asset Mgmt Inc accumulated 36,188 shares or 0.01% of the stock. Kennedy Cap Incorporated holds 132,607 shares or 0.08% of its portfolio. Martingale Asset Limited Partnership, a Massachusetts-based fund reported 65,191 shares. The Maryland-based Proshare Advsr Limited Liability Com has invested 0.02% in Best Buy Co Inc (NYSE:BBY).
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 5 selling transactions for $17.92 million net activity. Ballard Shari L had sold 181,362 shares worth $7.00M. Shares for $40,630 were sold by Watson Mathew on Thursday, August 25. $8.53 million worth of shares were sold by MOHAN RAJENDRA M on Wednesday, August 31. On Wednesday, August 31 Nelsen Keith J sold $2.31 million worth of the stock or 59,893 shares.
About 5.31M shares traded hands. Best Buy Co Inc (NYSE:BBY) has risen 41.81% since April 21, 2016 and is uptrending. It has outperformed by 36.48% the S&P500.
Best Buy Co., Inc. is a provider of technology products, services and solutions. The company has a market cap of $15.21 billion. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents or using its Websites or mobile applications. It has a 14.43 P/E ratio. It operates through two divisions: Domestic and International.
According to Zacks Investment Research, “Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy, Media Play, On Cue, Sam Goody, Suncoast, Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy, Musicland and International.”
Analysts await Best Buy Co Inc (NYSE:BBY) to report earnings on February, 23. They expect $1.65 EPS, up 7.84% or $0.12 from last year’s $1.53 per share. BBY’s profit will be $535.33 million for 7.10 P/E if the $1.65 EPS becomes a reality. After $0.62 actual EPS reported by Best Buy Co Inc for the previous quarter, Wall Street now forecasts 166.13% EPS growth.
More notable recent Best Buy Co Inc (NYSE:BBY) news were published by: Investorplace.com which released: “3 Big Stock Charts for Wednesday: Best Buy Co Inc (BBY), Darden Restaurants ..” on November 23, 2016, also Fool.com with their article: “Why Best Buy Co., Inc. Stock Soared Today” published on November 17, 2016, Investorplace.com published: “Google Shop Launches: Alphabet Inc (GOOGL) Partners With Best Buy Co Inc (BBY)” on November 21, 2016. More interesting news about Best Buy Co Inc (NYSE:BBY) were released by: Investorplace.com and their article: “Best Buy Co Inc (BBY) Stock Is No Holiday Bargain” published on November 14, 2016 as well as Businesswire.com‘s news article titled: “Best Buy Reports Better-Than-Expected Third Quarter Results” with publication date: November 17, 2016.
Best Buy Co., Inc., incorporated on October 20, 1966, is a well-known provider of technology products, services and solutions. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has activities in the United States, Canada and Mexico. The Firm operates through two divisions: Domestic and International. The Domestic segment consists of the activities in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all activities in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. The Firm operates approximately 1,200 large-format and over 400 small-format stores throughout its Domestic and International divisions. It has a global sourcing operation to design, develop, test and contract-manufacture its brand products.
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By Vivian Park