Traders sold shares of Best Buy Co Inc (NYSE:BBY) on strength during trading hours on Thursday. $24.95 million flowed into the stock on the tick-up and $46.61 million flowed out of the stock on the tick-down, for a money net flow of $21.66 million out of the stock. Of all companies tracked, Best Buy had the 0th highest net out-flow for the day. Best Buy traded up $1.39 for the day and closed at $78.68

Several equities analysts recently issued reports on BBY shares. Wells Fargo & Co started coverage on Best Buy in a report on Monday, April 23rd. They set a “market perform” rating and a $77.00 price objective for the company. Zacks Investment Research raised Best Buy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, May 14th. Wedbush reaffirmed a “sell” rating and set a $48.00 price objective on shares of Best Buy in a report on Monday, May 21st. Loop Capital set a $85.00 price objective on Best Buy and gave the stock a “buy” rating in a report on Thursday, May 24th. Finally, ValuEngine cut Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $74.33.

The stock has a market cap of $21.59 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.27 and a quick ratio of 0.56.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Thursday, May 24th. The technology retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. analysts predict that Best Buy Co Inc will post 5.01 earnings per share for the current fiscal year.

In other news, SVP Mathew Watson sold 457 shares of Best Buy stock in a transaction on Monday, June 11th. The stock was sold at an average price of $72.54, for a total value of $33,150.78. Following the completion of the sale, the senior vice president now owns 20,241 shares of the company’s stock, valued at $1,468,282.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Asheesh Saksena sold 18,570 shares of Best Buy stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $73.69, for a total value of $1,368,423.30. Following the completion of the sale, the insider now directly owns 77,478 shares of the company’s stock, valued at approximately $5,709,353.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,145 shares of company stock valued at $1,692,585. Company insiders own 0.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Bristol John W & Co. Inc. NY purchased a new stake in Best Buy during the first quarter valued at about $129,000. Squar Milner Financial Services LLC purchased a new stake in Best Buy during the second quarter valued at about $201,000. RFG Advisory Group LLC purchased a new stake in Best Buy during the second quarter valued at about $210,000. Capital Investment Advisors LLC purchased a new stake in Best Buy during the second quarter valued at about $210,000. Finally, Private Capital Group LLC grew its position in Best Buy by 850.7% during the first quarter. Private Capital Group LLC now owns 2,852 shares of the technology retailer’s stock valued at $201,000 after acquiring an additional 2,552 shares during the period. 87.63% of the stock is owned by hedge funds and other institutional investors.

Best Buy Company Profile

Best Buy Co, Inc operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products.

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