News stories about Best Buy Co. (NYSE:BBY) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Best Buy Co. earned a news impact score of 0.20 on Accern’s scale. Accern also assigned headlines about the technology retailer an impact score of 46.3722235574336 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Cramer explains why it’s not too late to buy into Best Buy – CNBC (cnbc.com)
- Crude oil is stuck in a rut and OPEC isn't helping: NYSE trader (finance.yahoo.com)
- Cramer: Best Buy Is Still A Good Buy – Benzinga (benzinga.com)
- It's not too late to buy Best Buy (finance.yahoo.com)
- Best Buy Co., Inc. (BBY) registers a price change of 3.19% while Dillard’s, Inc. (DDS) finishes with a flow of 0.08% – Stocks Gallery (stocksgallery.com)
Several research analysts recently commented on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $58.00 price objective on shares of Best Buy Co. in a research note on Thursday. Piper Jaffray Companies reiterated a “buy” rating and set a $71.00 price objective on shares of Best Buy Co. in a research note on Friday, September 1st. Wedbush reiterated a “buy” rating and set a $33.00 price objective (up previously from $29.00) on shares of Best Buy Co. in a research note on Thursday, August 31st. UBS AG reiterated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of Best Buy Co. in a research note on Thursday, August 31st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Best Buy Co. in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Best Buy Co. has a consensus rating of “Buy” and a consensus price target of $58.92.
Shares of Best Buy Co. (NYSE BBY) opened at 58.61 on Friday. Best Buy Co. has a one year low of $37.10 and a one year high of $63.32. The company’s 50-day moving average is $58.80 and its 200-day moving average is $53.65. The stock has a market capitalization of $17.54 billion, a P/E ratio of 15.51 and a beta of 1.48.
Best Buy Co. (NYSE:BBY) last announced its quarterly earnings data on Tuesday, August 29th. The technology retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.67 billion. Best Buy Co. had a net margin of 3.00% and a return on equity of 27.41%. Best Buy Co.’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. On average, equities research analysts anticipate that Best Buy Co. will post $4.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 19th will be paid a $0.34 dividend. The ex-dividend date is Monday, September 18th. This represents a $1.36 annualized dividend and a yield of 2.32%. Best Buy Co.’s dividend payout ratio is currently 35.88%.
In other Best Buy Co. news, CEO Hubert Joly sold 14,734 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $59.92, for a total value of $882,861.28. Following the transaction, the chief executive officer now directly owns 540,694 shares of the company’s stock, valued at approximately $32,398,384.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Corie S. Barry sold 787 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $59.92, for a total transaction of $47,157.04. Following the completion of the transaction, the chief financial officer now directly owns 54,159 shares in the company, valued at $3,245,207.28. The disclosure for this sale can be found here. Insiders sold a total of 152,328 shares of company stock worth $8,436,505 over the last three months. 1.21% of the stock is currently owned by corporate insiders.
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Best Buy Co. 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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