Shares of Best Buy Co Inc (NYSE:BBY) reached a new 52-week high on Monday . The company traded as high as $69.84 and last traded at $68.87, with a volume of 4115000 shares. The stock had previously closed at $67.28.

BBY has been the topic of a number of analyst reports. Loop Capital set a $72.00 target price on shares of Best Buy and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Wedbush set a $33.00 target price on shares of Best Buy and gave the stock a “sell” rating in a report on Monday, November 13th. Moffett Nathanson initiated coverage on shares of Best Buy in a report on Monday, December 4th. They set a “sell” rating on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and set a $60.00 target price on shares of Best Buy in a report on Monday, November 13th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Best Buy currently has an average rating of “Hold” and a consensus price target of $59.14.

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.52. The stock has a market capitalization of $20,480.00, a P/E ratio of 17.44, a P/E/G ratio of 1.46 and a beta of 1.38.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.78. Best Buy had a net margin of 3.09% and a return on equity of 28.46%. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Best Buy Co Inc will post 4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.97%. Best Buy’s dividend payout ratio (DPR) is 34.43%.

In other news, major shareholder Richard M. Schulze sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $58.80, for a total value of $58,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shari L. Ballard sold 40,018 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $56.18, for a total transaction of $2,248,211.24. Following the completion of the sale, the insider now directly owns 99,304 shares of the company’s stock, valued at approximately $5,578,898.72. The disclosure for this sale can be found here. Insiders sold a total of 3,134,253 shares of company stock valued at $191,063,125 in the last ninety days. 0.84% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in Best Buy by 762.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,528,900 shares of the technology retailer’s stock valued at $202,312,000 after buying an additional 3,119,700 shares during the period. Bank of New York Mellon Corp boosted its position in Best Buy by 27.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,015,020 shares of the technology retailer’s stock valued at $228,696,000 after buying an additional 866,787 shares during the period. Parametric Portfolio Associates LLC boosted its position in Best Buy by 125.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,387,812 shares of the technology retailer’s stock valued at $79,563,000 after buying an additional 772,200 shares during the period. APG Asset Management N.V. boosted its position in Best Buy by 27.6% during the 3rd quarter. APG Asset Management N.V. now owns 3,340,288 shares of the technology retailer’s stock valued at $190,263,000 after buying an additional 723,500 shares during the period. Finally, 1060 Capital LLC purchased a new stake in Best Buy during the 3rd quarter valued at $35,849,000. 88.45% of the stock is owned by institutional investors.

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Best Buy 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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