Somewhat Positive Press Coverage Somewhat Unlikely to Affect Best Buy (BBY) Share Price

Media headlines about Best Buy (NYSE:BBY) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. 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 earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media coverage about the technology retailer an impact score of 45.0318658355038 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

How to Become a New Pot Stock Millionaire

Shares of BBY traded down $0.64 during mid-day trading on Thursday, reaching $72.22. The company’s stock had a trading volume of 506,022 shares, compared to its average volume of 3,709,582. The firm has a market cap of $20,562.25, a price-to-earnings ratio of 16.32, a PEG ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 1.26. Best Buy has a 52 week low of $47.68 and a 52 week high of $78.59.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Thursday, March 1st. The technology retailer reported $2.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.37. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $14.52 billion. Best Buy had a net margin of 2.37% and a return on equity of 32.68%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 EPS. equities research analysts predict that Best Buy will post 4.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 22nd will be issued a dividend of $0.45 per share. This is a positive change from Best Buy’s previous quarterly dividend of $0.34. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, March 21st. Best Buy’s dividend payout ratio is currently 40.72%.

BBY has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Best Buy from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Best Buy from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and set a $74.00 target price (up from $60.00) on shares of Best Buy in a research report on Tuesday, February 27th. Wedbush reiterated a “sell” rating and set a $38.00 target price on shares of Best Buy in a research report on Monday, February 26th. Finally, UBS reiterated a “neutral” rating and set a $77.00 target price (up from $70.00) on shares of Best Buy in a research report on Friday, March 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.88.

In related news, SVP Mathew Watson sold 990 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $77.21, for a total transaction of $76,437.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shari L. Ballard sold 3,475 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $72.45, for a total transaction of $251,763.75. Following the sale, the insider now owns 116,785 shares of the company’s stock, valued at $8,461,073.25. The disclosure for this sale can be found here. Insiders have sold a total of 356,785 shares of company stock valued at $24,999,914 over the last quarter. 1.21% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Best Buy (BBY) Share Price” was published by BBNS and is owned by of BBNS. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://baseballnewssource.com/2018/04/05/best-buy-bby-given-media-impact-score-of-0-08/2025707.html.

About Best Buy

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 (NYSE:BBY)

Receive News & Ratings for Best Buy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Best Buy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.