Lisa Caputo Sells 2,500 Shares of Best Buy Co Inc (NYSE:BBY) Stock

Best Buy Co Inc (NYSE:BBY) Director Lisa Caputo sold 2,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $75.20, for a total transaction of $188,000.00. Following the sale, the director now owns 45,936 shares of the company’s stock, valued at approximately $3,454,387.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NYSE BBY opened at $74.23 on Thursday. The stock has a market capitalization of $19.97 billion, a P/E ratio of 13.40, a PEG ratio of 1.48 and a beta of 1.07. Best Buy Co Inc has a 52 week low of $47.72 and a 52 week high of $84.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.39 and a current ratio of 1.12. The firm’s 50-day simple moving average is $68.30.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, May 23rd. The technology retailer reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.14. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.14 billion. Best Buy had a net margin of 3.54% and a return on equity of 47.91%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Best Buy Co Inc will post 5.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, June 12th. Best Buy’s dividend payout ratio (DPR) is presently 37.59%.

A number of analysts have commented on BBY shares. Wedbush set a $79.00 price target on shares of Aimmune Therapeutics and gave the company a “buy” rating in a research note on Friday, May 24th. Guggenheim began coverage on shares of Best Buy in a research report on Monday, July 8th. They set a “buy” rating and a $80.00 price target for the company. Jefferies Financial Group lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $15.00 in a research report on Wednesday, April 24th. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Oppenheimer set a $22.00 price target on shares of Par Pacific and gave the company a “buy” rating in a research report on Monday, March 25th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $77.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Best Buy by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,414,905 shares of the technology retailer’s stock valued at $127,879,000 after acquiring an additional 171,050 shares during the last quarter. QS Investors LLC lifted its stake in Best Buy by 84.0% in the fourth quarter. QS Investors LLC now owns 48,619 shares of the technology retailer’s stock valued at $2,575,000 after acquiring an additional 22,193 shares during the last quarter. AT Bancorp acquired a new stake in Best Buy in the fourth quarter valued at $328,000. Two Sigma Advisers LP lifted its stake in Best Buy by 7.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,091,700 shares of the technology retailer’s stock valued at $57,816,000 after acquiring an additional 71,971 shares during the last quarter. Finally, Zacks Investment Management lifted its stake in Best Buy by 45.4% in the fourth quarter. Zacks Investment Management now owns 178,936 shares of the technology retailer’s stock valued at $9,476,000 after acquiring an additional 55,902 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Company Profile

Best Buy Co, Inc operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide Computing and Mobile Phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products.

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