November 28, 2016 - By Clifton Ray · 0 Comments
Best Buy Co Inc (NYSE:BBY) institutional sentiment decreased to 1 in 2016 Q2. Its down -0.07, from 1.07 in 2016Q1. The ratio fall, as 195 institutional investors increased and opened new positions, while 183 sold and trimmed holdings in Best Buy Co Inc. The institutional investors in our partner’s database now have: 263.98 million shares, down from 277.42 million shares in 2016Q1. Also, the number of institutional investors holding Best Buy Co Inc in their top 10 positions increased from 0 to 2 for an increase of 2. Sold All: 44 Reduced: 139 Increased: 153 New Position: 42.
Best Buy Co., Inc. is a provider of technology products, services and solutions. The company has a market cap of $14.52 billion. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents or using its Websites or mobile applications. It has a 14.18 P/E ratio. It operates through two divisions: Domestic and International.
About 843,518 shares traded hands. Best Buy Co Inc (NYSE:BBY) has risen 43.46% since April 25, 2016 and is uptrending. It has outperformed by 37.44% the S&P500.
Analysts await Best Buy Co Inc (NYSE:BBY) to report earnings on February, 23. They expect $1.65 earnings per share, up 7.84% or $0.12 from last year’s $1.53 per share. BBY’s profit will be $519.13 million for 6.99 P/E if the $1.65 EPS becomes a reality. After $0.62 actual earnings per share reported by Best Buy Co Inc for the previous quarter, Wall Street now forecasts 166.13% EPS growth.
According to Zacks Investment Research, “Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy, Media Play, On Cue, Sam Goody, Suncoast, Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy, Musicland and International.”
Tyvor Capital Llc holds 11.89% of its portfolio in Best Buy Co Inc for 1.22 million shares. Aristotle Fund L.P. owns 118,000 shares or 6.38% of their US portfolio. Moreover, Minneapolis Portfolio Management Group Llc has 3.62% invested in the company for 658,215 shares. The New York-based Euclidean Technologies Management Llc has invested 2.06% in the stock. Mount Lucas Management Lp, a Pennsylvania-based fund reported 363,151 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 selling transactions for $21.72 million net activity.
Ratings analysis reveals 30% of Best Buy Co’s analysts are positive. Out of 20 Wall Street analysts rating Best Buy Co, 6 give it “Buy”, 2 “Sell” rating, while 12 recommend “Hold”. The lowest target is $20.50 while the high is $50. The stock’s average target of $39.35 is -14.72% below today’s ($46.14) share price. BBY was included in 52 notes of analysts from August 10, 2015. Vetr upgraded Best Buy Co Inc (NYSE:BBY) on Monday, August 10 to “Buy” rating. UBS maintained Best Buy Co Inc (NYSE:BBY) on Wednesday, August 24 with “Neutral” rating. UBS maintained the stock with “Neutral” rating in Wednesday, August 26 report. Wedbush maintained it with “Underperform” rating and $20.50 target price in Friday, February 26 report. The stock of Best Buy Co Inc (NYSE:BBY) has “Buy” rating given on Wednesday, August 26 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, June 15 by Credit Suisse. The stock of Best Buy Co Inc (NYSE:BBY) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 26. The stock has “Buy” rating given by Jefferies on Wednesday, August 26. The rating was maintained by UBS on Friday, November 20 with “Neutral”. The firm has “Neutral” rating by UBS given on Monday, August 10.
Best Buy Co., Inc., incorporated on October 20, 1966, is a well-known provider of technology products, services and solutions. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has activities in the United States, Canada and Mexico. The Firm operates through two divisions: Domestic and International. The Domestic segment consists of the activities in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all activities in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. The Firm operates approximately 1,200 large-format and over 400 small-format stores throughout its Domestic and International divisions. It has a global sourcing operation to design, develop, test and contract-manufacture its brand products.
More notable recent Best Buy Co Inc (NYSE:BBY) news were published by: Fool.com which released: “Why Best Buy Co., Inc. Stock Soared Today” on November 17, 2016, also Investorplace.com with their article: “Google Shop Launches: Alphabet Inc (GOOGL) Partners With Best Buy Co Inc (BBY)” published on November 21, 2016, Investorplace.com published: “3 Big Stock Charts for Wednesday: Best Buy Co Inc (BBY), Darden Restaurants …” on November 23, 2016. More interesting news about Best Buy Co Inc (NYSE:BBY) were released by: Investorplace.com and their article: “Best Buy Co Inc (BBY) Stock Is No Holiday Bargain” published on November 14, 2016 as well as Investorplace.com‘s news article titled: “Why Best Buy Co Inc Could Be a Top Value Stock Pick (BBY)” with publication date: November 23, 2016.
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By Clifton Ray