Best Buy Co., Inc. (NYSE:BBY) VP Mathew Watson sold 260 shares of Best Buy Co. stock in a transaction on Monday, August 21st. The shares were sold at an average price of $59.92, for a total transaction of $15,579.20. Following the completion of the sale, the vice president now directly owns 15,507 shares of the company’s stock, valued at $929,179.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mathew Watson also recently made the following trade(s):

  • On Friday, June 9th, Mathew Watson sold 503 shares of Best Buy Co. stock. The shares were sold at an average price of $59.00, for a total transaction of $29,677.00.
  • On Friday, May 26th, Mathew Watson sold 14,568 shares of Best Buy Co. stock. The shares were sold at an average price of $60.43, for a total transaction of $880,344.24.

Best Buy Co., Inc. (NYSE:BBY) traded up 0.11% on Friday, reaching $61.87. 2,252,557 shares of the company’s stock were exchanged. The company has a market cap of $18.87 billion, a PE ratio of 16.65 and a beta of 1.45. Best Buy Co., Inc. has a 52-week low of $36.51 and a 52-week high of $63.32. The firm’s 50 day moving average price is $58.19 and its 200 day moving average price is $52.51.

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, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.20. Best Buy Co. had a net margin of 3.01% and a return on equity of 26.81%. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect that Best Buy Co., Inc. will post $3.90 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of BBY. FNY Managed Accounts LLC increased its position in Best Buy Co. by 18,281.8% in the second quarter. FNY Managed Accounts LLC now owns 2,000 shares of the technology retailer’s stock valued at $114,000 after buying an additional 2,011 shares during the period. Huntington National Bank increased its position in Best Buy Co. by 18.4% in the second quarter. Huntington National Bank now owns 2,050 shares of the technology retailer’s stock valued at $118,000 after buying an additional 318 shares during the period. Advisory Services Network LLC bought a new position in Best Buy Co. during the first quarter valued at about $134,000. Heritage Trust Co bought a new position in Best Buy Co. during the first quarter valued at about $137,000. Finally, TrimTabs Asset Management LLC increased its position in Best Buy Co. by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the technology retailer’s stock valued at $139,000 after buying an additional 1,328 shares during the period. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Several research firms have weighed in on BBY. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target (up from $47.00) on shares of Best Buy Co. in a research note on Wednesday, May 24th. BidaskClub raised shares of Best Buy Co. from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $60.00 price target on shares of Best Buy Co. in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 price target on shares of Best Buy Co. in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $70.00 price target on shares of Best Buy Co. in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.42.

About Best Buy Co.

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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