Best Buy Co., Inc. (BBY) Sets 12-Month High

May 16, 2018 - By Jack Shaw

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 improved. 124 grew holdings while 75 funds acquired holdings. Funds hold 233.61 million shares thus 5.15% less from 2017Q3’s 246.28 million shares.
Brinker Capital stated it has 14,591 shs or 0.04% of all its holdings. Robeco Institutional Asset Mngmt Bv holds 920,949 shs. Trust Department Mb Natl Bank N A invested in 78 shs. Aviva Public Ltd Company holds 0.05% or 141,879 shs. 559,827 were reported by Alliancebernstein L P. Baystate Wealth Mngmt Ltd Liability Company reported 750 shs or 0.01% of all its holdings. Tobam reported 1.04% of its capital in Best Buy Co., Inc. (NYSE:BBY). Jpmorgan Chase & owns 8.81 million shs or 0.13% of their US capital. Moreover, Hussman Strategic Advsrs has 0.03% invested in Best Buy Co., Inc. (NYSE:BBY). Schwab Charles Invest has 1.57 million shs for 0.09% of their capital. Massachusetts Finance Ma invested in 3.39 million shs or 0.1% of the stock. Prudential Financial accumulated 0.07% or 732,803 shs. Asset Management One accumulated 449,412 shs. Meiji Yasuda Asset Management, a Japan-based fund reported 12,056 shs. 3.38M were accumulated by Renaissance Ltd Limited Liability Company.

Best Buy Co., Inc. registered $53.96 million net activity with 0 insider buys and 30 sales since December 12, 2017. SCHULZE RICHARD M sold $4.89 million worth of stock. On Monday, March 12 Scarlett Kathleen sold $27,892 worth of Best Buy Co., Inc. (NYSE:BBY). Watson Mathew also sold $31,864 worth of Best Buy Co., Inc. (NYSE:BBY) shs. Ballard Shari L also sold $6.21 million worth of Best Buy Co., Inc. (NYSE:BBY) on Tuesday, March 20. $1.76M worth of Best Buy Co., Inc. (NYSE:BBY) was sold by VITTECOQ GERARD R on Friday, March 2. Barry Corie S also sold $172,786 worth of Best Buy Co., Inc. (NYSE:BBY) shs.

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.

The stock increased 0.50% or $0.39 during the last trading session, hitting $78.99.Currently Best Buy Co., Inc. is uptrending after 46.62% change in last May 16, 2017. BBY has 1.41 million shares volume. BBY outperformed by 35.07% the S&P 500.

On May, 24 before the open. Investors expect Best Buy Co., Inc. (NYSE:BBY) to report its quarterly earnings, according to Zacks. Last year’s EPS was $0.6, while now analysts expect change of 23.33 % up from current $0.74 EPS. This could reach $208.61M profit for BBY assuming the current $0.74 EPS will become reality. After $2.42 EPS report last quarter, Wall Street now forecasts -69.42 % negative EPS growth of Best Buy Co., Inc..

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

In total 15 analysts cover Best Buy Co (NYSE:BBY). “Buy” rating has 3, “Sell” are 2, while 10 are “Hold”. 20% are bullish. With $87 highest and $38.0 lowest target price Best Buy Co has $73 average target price or -7.58% below the current ($78.99) price. 16 are the (NYSE:BBY)’s analyst reports since November 17, 2017 according to StockzIntelligence Inc. On Thursday, March 1 the rating was maintained by Loop Capital Markets with “Buy”. On Friday, March 2 the stock of Best Buy Co., Inc. (NYSE:BBY) has “Equal-Weight” rating given by Morgan Stanley. On Friday, February 16 the firm earned “Neutral” rating by Citigroup. On Monday, February 26 Wedbush maintained the shares of BBY in report with “Sell” rating. On Thursday, March 1 RBC Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) with “Hold” rating. The stock rating was maintained by Jefferies with “Hold” on Tuesday, February 27. On Monday, March 5 Credit Suisse maintained Best Buy Co., Inc. (NYSE:BBY) with “Hold” rating. On Friday, March 2 the stock has “Hold” rating by Telsey Advisory. On Tuesday, January 30 the firm earned “Overweight” rating by Barclays Capital. In Friday, March 2 report Bank of America maintained it with “Buy” rating and $87 target.

A couple more Best Buy Co., Inc. (NYSE:BBY) news were brought out by: Seekingalpha.com which released on April 17, 2018 “How Far Could Best Buy Fall?”, also Benzinga.com on April 19, 2018 brought out “Amazon, Best Buy Find ‘Mutually Beneficial Opportunities’ In TV Partnership”, the next Streetinsider.com is “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” on May 15, 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.The P/E ratio is 24.21. 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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