Best Buy Co Inc (NYSE:BBY) SVP Mathew Watson sold 1,326 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $69.43, for a total value of $92,064.18. Following the completion of the sale, the senior vice president now owns 20,953 shares in the company, valued at $1,454,766.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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  • On Tuesday, March 13th, Mathew Watson sold 225 shares of Best Buy stock. The shares were sold at an average price of $72.45, for a total value of $16,301.25.
  • On Tuesday, March 6th, Mathew Watson sold 990 shares of Best Buy stock. The shares were sold at an average price of $77.21, for a total value of $76,437.90.

Shares of Best Buy stock opened at $68.12 on Thursday. 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 Co Inc has a one year low of $44.54 and a one year high of $78.59. The stock has a market capitalization of $20,474.55, a price-to-earnings ratio of 20.87, a P/E/G ratio of 0.97 and a beta of 1.09.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 22nd will be paid a $0.45 dividend. 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 2.64%. The ex-dividend date is Wednesday, March 21st. Best Buy’s dividend payout ratio is currently 41.46%.

Several brokerages have issued reports on BBY. Loop Capital set a $83.00 target price on Best Buy and gave the company a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research lowered Best Buy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Wedbush restated an “underperform” rating and issued a $48.00 target price (up from $45.00) on shares of Best Buy in a research note on Monday, March 5th. Credit Suisse Group restated a “hold” rating and issued a $74.00 target price (up from $60.00) on shares of Best Buy in a research note on Monday, March 5th. Finally, Bank of America boosted their target price on Best Buy from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. Four investment 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.42.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SWS Partners bought a new position in Best Buy in the 4th quarter worth about $110,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Best Buy by 232.8% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,030 shares of the technology retailer’s stock worth $139,000 after acquiring an additional 1,420 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Best Buy in the 3rd quarter worth about $139,000. Squar Milner Financial Services LLC bought a new position in Best Buy in the 4th quarter worth about $201,000. Finally, Harbour Capital Advisors LLC bought a new position in Best Buy in the 4th quarter worth about $205,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

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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)

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