Analysts See $0.82 EPS for Best Buy Co., Inc. (BBY)

August 13, 2018 - By Mary Markley

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment decreased to 0.84 in 2018 Q1. Its down 0.02, from 0.86 in 2017Q4. It dropped, as 44 investors sold Best Buy Co., Inc. shares while 202 reduced holdings. 70 funds opened positions while 136 raised stakes. 234.44 million shares or 0.36% more from 233.61 million shares in 2017Q4 were reported.
Pillar Pacific Mgmt has invested 0.04% in Best Buy Co., Inc. (NYSE:BBY). Edgestream Prns Lp has invested 0.45% in Best Buy Co., Inc. (NYSE:BBY). 15,600 were accumulated by Glob X Ltd. Wellington Mngmt Grp Llp holds 0.01% or 327,472 shares. Meiji Yasuda Life Insurance accumulated 4,730 shares or 0.05% of the stock. Hennessy Advisors Inc stated it has 0.23% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Dreman Value Mngmt L L C, Florida-based fund reported 15,324 shares. 202 were reported by Tci Wealth. New York-based Samlyn Limited Liability Co has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Moreover, Rampart Invest Mgmt Llc has 0.8% invested in Best Buy Co., Inc. (NYSE:BBY) for 120,280 shares. Magnetar Lc holds 28,814 shares. Australia-based Commonwealth National Bank & Trust Of has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Moreover, Sumitomo Mitsui Trust has 0.08% invested in Best Buy Co., Inc. (NYSE:BBY) for 861,318 shares. Cibc Ww Markets holds 9,605 shares. 38,934 are held by Exxonmobil Mngmt Tx.

Since March 2, 2018, it had 0 insider purchases, and 33 insider sales for $37.94 million activity. The insider Barry Corie S sold $172,786. The insider Nelsen Keith J sold $103,382. 1,795 shares valued at $126,540 were sold by Walker Patricia H on Wednesday, March 14. On Thursday, March 15 the insider Scarlett Kathleen sold $201,428. $125,768 worth of Best Buy Co., Inc. (NYSE:BBY) shares were sold by MOHAN RAJENDRA M. Ballard Shari L had sold 3,475 shares worth $251,753 on Monday, March 12.

Analysts expect Best Buy Co., Inc. (NYSE:BBY) to report $0.82 EPS on August, 28 before the open.They anticipate $0.13 EPS change or 18.84 % from last quarter’s $0.69 EPS. BBY’s profit would be $229.10M giving it 24.00 P/E if the $0.82 EPS is correct. After having $0.82 EPS previously, Best Buy Co., Inc.’s analysts see 0.00 % EPS growth. The stock increased 0.04% or $0.03 during the last trading session, reaching $78.71. About 1.74M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 11.76% since August 13, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

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

Among 11 analysts covering Best Buy Co (NYSE:BBY), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Best Buy Co had 12 analyst reports since February 16, 2018 according to SRatingsIntel. Credit Suisse maintained it with “Hold” rating and $74.0 target in Monday, March 5 report. The rating was maintained by UBS with “Neutral” on Friday, March 2. On Tuesday, February 27 the stock rating was maintained by Jefferies with “Hold”. On Thursday, March 1 the stock rating was maintained by Loop Capital Markets with “Buy”. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Equal-Weight” rating by Morgan Stanley on Friday, March 2. The firm has “Hold” rating given on Friday, March 2 by Telsey Advisory. The rating was maintained by RBC Capital Markets on Thursday, March 1 with “Hold”. The company was maintained on Thursday, May 24 by Loop Capital Markets. The stock has “Neutral” rating by Citigroup on Friday, February 16. The firm has “Sell” rating given on Monday, February 26 by Wedbush.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $21.99 billion. The firm operates through two reportable divisions, Domestic and International. It has a 23.16 P/E ratio. 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.

More recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Bizjournals.com which released: “These Minnesota companies have the highest — and lowest — median employee pay (slideshow)” on August 09, 2018. Also Fool.com published the news titled: “How Best Buy Became a Retail Success Story” on July 20, 2018. Bizjournals.com‘s news article titled: “Minnesota’s public companies are disclosing loads of new details about worker pay. Too bad critics say it’s mostly …” with publication date: August 02, 2018 was also an interesting one.

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

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