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

May 16, 2018 - By Michele Cranor

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 improved. 124 rose stakes while 75 funds amassed stakes. Funds hold 233.61 million shares thus 5.15% less from 2017Q3’s 246.28 million shares.
Advisor Partners Ltd accumulated 8,262 shs or 0.11% of the stock. Parsons Capital Mngmt Ri holds 4,043 shs. Brown Advisory reported 0.06% of its capital in Best Buy Co., Inc. (NYSE:BBY). 20,423 were accumulated by Meeder Asset Mgmt. 93,130 were reported by Credit Agricole S A. Royal Natl Bank Of Canada holds 0.02% of its capital in Best Buy Co., Inc. (NYSE:BBY) for 696,389 shs. Euclidean Technologies Limited Liability Co has 1.78% invested in Best Buy Co., Inc. (NYSE:BBY). Franklin Resources has 36,712 shs for 0% of their capital. Riverhead Cap Management invested in 1.59% or 548,228 shs. Hennessy Advisors Inc has invested 0.1% in Best Buy Co., Inc. (NYSE:BBY). Zweig has 4,000 shs for 0.03% of their capital. Hartford Inv Management accumulated 58,074 shs. Bremer Tru National Association stated it has 4,158 shs or 0.08% of all its holdings. Twin Cap reported 115,309 shs. Hightower Advisors Limited Liability Corp reported 79,935 shs.

Best Buy Co., Inc. had 30 sales and 0 buys since December 12, 2017. This’s net activity of $53.96 million. Shares for $108,070 were sold by Saksena Asheesh. $107,814 worth of Best Buy Co., Inc. (NYSE:BBY) shs were sold by Walker Patricia H. 3,475 shs were sold by Ballard Shari L, worth $251,753 on Monday, March 12. On Wednesday, March 14 Shares for $142,543 were sold by Nelsen Keith J. On Thursday, March 15 MOHAN RAJENDRA M sold $3.79 million worth of Best Buy Co., Inc. (NYSE:BBY). $12.83M worth of Best Buy Co., Inc. (NYSE:BBY) was sold by SCHULZE RICHARD M on Tuesday, December 12.

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 touched $78.99 during the last trading session after $0.39 change.Best Buy Co., Inc. has volume of 1.41M 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) is awaited to report earnings on May, 24 before the open., according to RTT. Analysts predict $0.74 earnings per share. That’s $0.14 up or 23.33 % from 2017’s earnings of $0.6. This could be $208.61M profit for BBY assuming the current $0.74 earnings per share will become reality. After $2.42 earnings per share was revealed last quarter, analysts now see negative EPS growth of -69.42 % for 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”. (NYSE:BBY) has 20% bullish analysts. With $87 highest and $38.0 lowest PT, Best Buy Co has $73 average PT or -7.58% below the current ($78.99) price. 16 are the (NYSE:BBY)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. In Friday, March 2 report UBS maintained it with “Neutral” rating and $77 target. On Friday, November 17 Deutsche Bank maintained Best Buy Co., Inc. (NYSE:BBY) rating. Deutsche Bank has “Hold” rating and $56 target. On Tuesday, January 30 Barclays Capital maintained Best Buy Co., Inc. (NYSE:BBY) rating. Barclays Capital has “Overweight” rating and $85 target. On Friday, March 2 the company was maintained by Telsey Advisory. On Friday, March 2 Bank of America maintained Best Buy Co., Inc. (NYSE:BBY) with “Buy” rating. On Friday, March 2 the company was maintained by Morgan Stanley. On Thursday, March 1 Loop Capital Markets maintained Best Buy Co., Inc. (NYSE:BBY) rating. Loop Capital Markets has “Buy” rating and $83.0 target. The company rating was maintained by RBC Capital Markets on Thursday, March 1. On Monday, February 12 the firm earned “Hold” rating by RBC Capital Markets. On Tuesday, February 27 the stock of Best Buy Co., Inc. (NYSE:BBY) earned “Hold” rating by Jefferies.

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

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 $22.27 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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