As of May, 24 Best Buy Co., Inc. (BBY) Analysts See $0.74 EPS

May 16, 2018 - By Jack Shaw

Best Buy Co., Inc. (NYSE:BBY) Corporate Logo
During Q4 2017 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 rose holdings while 75 funds bought holdings. Funds hold 233.61 million shares thus 5.15% less from 2017Q3’s 246.28 million shares.
Bancorporation Of America Corporation De holds 0.03% in Best Buy Co., Inc. (NYSE:BBY) or 2.54M shs. Tobam has 349,687 shs. Lsv Asset Management invested 0.25% of its capital in Best Buy Co., Inc. (NYSE:BBY). Qcm Cayman Ltd stated it has 1.27% of its capital in Best Buy Co., Inc. (NYSE:BBY). Atlantic Gp Ltd Liability Company holds 863 shs or 0% of its capital. Victory stated it has 297,710 shs. Tci Wealth Advisors has 0.01% invested in Best Buy Co., Inc. (NYSE:BBY). Green Square Limited Liability Company holds 1.08% of its capital in Best Buy Co., Inc. (NYSE:BBY) for 104,913 shs. Neuberger Berman Grp Llc holds 0.04% or 544,208 shs. 9.27M were accumulated by Aqr Capital Mgmt Llc. Walleye Trading Limited Liability Corp reported 55,047 shs. Lazard Asset Mgmt Llc accumulated 0% or 6,496 shs. 4,158 were reported by Bremer Trust National Association. Fincl Architects has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Clark Estates Inc New York, a New York-based fund reported 62,000 shs.

Best Buy Co., Inc. had 30 selling transactions and 0 insider buys since December 12, 2017. This’s net activity of $53.96 million. On Monday, March 12 3,475 shs were sold by Ballard Shari L, worth $251,753. On Thursday, March 15 a trade for 54,319 shs valued at $3.79 million was made by MOHAN RAJENDRA M. The insider Scarlett Kathleen sold $201,428. Another trade for 2,022 shs valued at $142,543 was sold by Nelsen Keith J. On Tuesday, March 6 990 shs were sold by Watson Mathew, worth $76,438. On Tuesday, December 12 SCHULZE RICHARD M had sold 200,000 shs worth $12.83M.

Investors expect Best Buy Co., Inc. (NYSE:BBY)’s quarterly earnings on May, 24 before the open., as reported by RTT. The earnings per share diference is $0.14 or 23.33 % up from last years number. Previous year: $0.6; Analysts forcast: $0.74. BBY’s profit could reach $208.61M with 26.58 P/E in case $0.74 earnings per share is reported. Wall Street predicts -69.42 % negative EPS growth as of May, 24. The stock increased 0.11% or $0.09 during the last trading session, touching $78.69.Best Buy Co., Inc. has volume of 2.14M shares. Since May 16, 2017 BBY has risen 46.62% and is uptrending. BBY outperformed the S&P500 by 35.07%.

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

Total analysts of 15 have positions in Best Buy Co (NYSE:BBY) as follows: 3 rated it a “Buy”, 2 with “Sell” and 10 with “Hold”. The positive are 20%. Since November 17, 2017 according to StockzIntelligence Inc Best Buy Co has 16 analyst reports. In Monday, February 12 report RBC Capital Markets maintained it with “Hold” rating and $72.0 target. On Thursday, March 1 the firm has “Buy” rating given by Loop Capital Markets. On Tuesday, February 27 the firm earned “Hold” rating by Jefferies. On Thursday, March 1 RBC Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) rating. RBC Capital Markets has “Hold” rating and $74.0 target. The company rating was maintained by Telsey Advisory on Friday, March 2. On Friday, March 2 the rating was maintained by UBS with “Neutral”. On Friday, February 16 Citigroup maintained the shares of BBY in report with “Neutral” rating. On Friday, November 17 the firm earned “Hold” rating by Deutsche Bank. In Friday, March 2 report Bank of America maintained the stock with “Buy” rating. On Monday, February 26 Wedbush maintained the shares of BBY in report with “Sell” rating.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.The firm is worth $22.18 billion. The firm operates through two reportable divisions, Domestic and International.The P/E ratio is 24.12. 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.

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

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

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