Best Buy Co. (NYSE:BBY) Given Media Impact Rating of 0.43

Media stories about Best Buy Co. (NYSE:BBY) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy Co. earned a media sentiment score of 0.43 on Accern’s scale. Accern also gave media coverage about the technology retailer an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of Best Buy Co. (BBY) opened at 57.87 on Monday. Best Buy Co. has a 1-year low of $30.69 and a 1-year high of $61.95. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 15.57 and a beta of 1.44. The company has a 50-day moving average price of $55.81 and a 200 day moving average price of $48.72.

Best Buy Co. (NYSE:BBY) last posted its quarterly earnings data on Thursday, May 25th. The technology retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.20. Best Buy Co. had a return on equity of 26.81% and a net margin of 3.01%. The firm had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Best Buy Co. will post $3.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, June 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, June 13th. Best Buy Co.’s payout ratio is currently 36.46%.

BBY has been the topic of a number of research analyst reports. Loop Capital restated a “buy” rating and issued a $58.00 price target on shares of Best Buy Co. in a research note on Tuesday, April 4th. Bank of America Corporation upgraded Best Buy Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $58.00 in a research note on Tuesday, April 25th. Deutsche Bank AG upgraded Best Buy Co. from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 11th. Barclays PLC restated a “buy” rating and issued a $65.00 price target on shares of Best Buy Co. in a research note on Friday, May 26th. Finally, Credit Suisse Group restated a “buy” rating and issued a $60.00 price target (up previously from $47.00) on shares of Best Buy Co. in a research note on Sunday, May 28th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.97.

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In related news, insider Patricia H. Walker sold 9,974 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $59.86, for a total transaction of $597,043.64. Following the completion of the sale, the insider now directly owns 24,122 shares in the company, valued at approximately $1,443,942.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mathew Watson sold 758 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $51.82, for a total value of $39,279.56. Following the sale, the vice president now owns 19,172 shares of the company’s stock, valued at $993,493.04. The disclosure for this sale can be found here. Insiders sold a total of 129,364 shares of company stock valued at $7,487,321 over the last quarter. Company insiders own 1.21% of the company’s stock.

Best Buy Co. Company Profile

Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International.

Insider Buying and Selling by Quarter for Best Buy Co. (NYSE:BBY)

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