Press coverage about Best Buy Co. (NYSE:BBY) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Best Buy Co. earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology retailer an impact score of 44.8674403705465 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Don’t Believe Everything You Read About Retail (fool.ca)
- Benzinga’s Bulls & Bears Of The Past Week: Best Buy, Tesla, Under Armour And More – Benzinga (benzinga.com)
- Best Buy Co., Inc. (BBY)- Analysts Detailing with Profitability Ratio Analysis – NASDAQ Times (nasdaqtimes.com)
- Best Buy Co., Inc. (BBY) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
BBY has been the topic of a number of research analyst reports. BidaskClub raised shares of Best Buy Co. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised shares of Best Buy Co. from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Tuesday, October 10th. SunTrust Banks, Inc. set a $70.00 price objective on shares of Best Buy Co. and gave the company a “buy” rating in a report on Saturday, July 22nd. Loop Capital reissued a “buy” rating and set a $72.00 price objective on shares of Best Buy Co. in a report on Monday, July 10th. Finally, Piper Jaffray Companies set a $70.00 target price on shares of Best Buy Co. and gave the company a “buy” rating in a research report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $58.97.
Shares of Best Buy Co. (NYSE BBY) opened at 54.65 on Wednesday. The company’s 50-day moving average is $56.20 and its 200 day moving average is $55.39. Best Buy Co. has a 52 week low of $37.10 and a 52 week high of $63.32. The stock has a market cap of $16.35 billion, a PE ratio of 14.46 and a beta of 1.51.
Best Buy Co. (NYSE:BBY) last posted its quarterly earnings results on Tuesday, August 29th. The technology retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.67 billion. Best Buy Co. had a net margin of 3.00% and a return on equity of 27.41%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. Analysts forecast that Best Buy Co. will post $4.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 19th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, September 18th. Best Buy Co.’s dividend payout ratio (DPR) is 35.88%.
In related news, insider Shari L. Ballard sold 9,778 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $54.68, for a total value of $534,661.04. Following the transaction, the insider now owns 84,613 shares in the company, valued at $4,626,638.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shari L. Ballard sold 2,246 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $59.92, for a total value of $134,580.32. The disclosure for this sale can be found here. Insiders sold 166,259 shares of company stock valued at $9,182,693 over the last three months. 0.84% of the stock is owned by insiders.
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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.
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