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

May 16, 2018 - By Robert Reynolds

Best Buy Co., Inc. (NYSE:BBY) Corporate Logo
Big Money Sentiment increased to 0.86 in Q4 2017. It has change of 0.10, from 2017Q3’s 0.76. The ratio improved due to Best Buy Co., Inc. positioning: 34 sold and 198 reduced. 75 funds bought positions and 124 increased positions. Investors holded 246.28 million in 2017Q3 but now own 233.61 million shares or 5.15% less.
Commerzbank Aktiengesellschaft Fi holds 132,473 shs. Thrivent For Lutherans holds 0% in Best Buy Co., Inc. (NYSE:BBY) or 10,331 shs. Fjarde Ap holds 78,697 shs. Cubist Systematic Strategies Ltd Co holds 0.01% or 2,700 shs. New Hampshire-based Charter Tru has invested 0.14% in Best Buy Co., Inc. (NYSE:BBY). Aperio Group Inc Lc has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Amalgamated National Bank & Trust holds 0.06% or 32,315 shs in its capital. Focused Wealth has 0.07% invested in Best Buy Co., Inc. (NYSE:BBY). Robeco Institutional Asset Mgmt Bv holds 0.33% or 920,949 shs in its capital. The Alabama-based Oakworth Cap Incorporated has invested 0% in Best Buy Co., Inc. (NYSE:BBY). Jpmorgan Chase & Com holds 8.81 million shs. Louisiana State Employees Retirement System holds 15,400 shs. Pictet Asset Ltd, United Kingdom-based fund reported 244,902 shs. Glenmede Co Na accumulated 658,290 shs. Employees Retirement Systems Of Ohio owns 0.04% invested in Best Buy Co., Inc. (NYSE:BBY) for 130,689 shs.

Best Buy Co., Inc. registered $53.96 million net activity with 0 insider buys and 30 sales since December 12, 2017. Ballard Shari L sold $359,530 worth of Best Buy Co., Inc. (NYSE:BBY) on Wednesday, March 14. On Monday, March 12 1,736 shs were sold by MOHAN RAJENDRA M, worth $125,768. Watson Mathew sold 1,326 shs worth $92,069. Joly Hubert sold $16.74M worth of stock. Another trade for 706 shs valued at $49,770 was sold by Scarlett Kathleen. $107,814 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Walker Patricia H on Monday, March 19.

Best Buy Co., Inc. (NYSE:BBY)’s earnings report is anticipated on May, 24 before the open., RTT reports. This year’s earnings per share analyst estimate is anticipated to be $0.74. That is 23.33 % up compareed to $0.6 earnings per share for last year. In case of $0.74 earnings per share BBY’s profit could be $208.61M. After $2.42 EPS report previous quarter, Wall Street now predicts -69.42 % negative EPS growth of Best Buy Co., Inc.. BBY is reaching $78.69 during the last trading session, after increased 0.11%.Currently Best Buy Co., Inc. is uptrending after 46.62% change in last May 16, 2017. BBY has 2.14M shares volume. The stock outperformed the S&P 500 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. The stock rating was maintained by Jefferies with “Hold” on Tuesday, February 27. On Monday, February 12 the rating was maintained by RBC Capital Markets with “Hold”. On Friday, March 2 Morgan Stanley maintained Best Buy Co., Inc. (NYSE:BBY) with “Equal-Weight” rating. The company rating was maintained by Bank of America on Friday, March 2. On Monday, March 5 the firm earned “Hold” rating by Credit Suisse. On Thursday, March 1 the company was maintained by RBC Capital Markets. On Tuesday, January 30 the rating was maintained by Barclays Capital with “Overweight”. On Friday, February 16 Citigroup maintained Best Buy Co., Inc. (NYSE:BBY) with “Neutral” rating. On Thursday, January 25 Telsey Advisory Group downgraded Best Buy Co., Inc. (NYSE:BBY) to “Market Perform” rating. On Thursday, March 1 the stock of Best Buy Co., Inc. (NYSE:BBY) earned “Buy” rating by Loop Capital Markets.

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 $22.18 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 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. (NYSE:BBY) Institutional Investors Chart

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