Media coverage about Best Buy Co. (NYSE:BBY) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Best Buy Co. earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology retailer an impact score of 45.2682300622367 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
- Stock to Watch: Best Buy Co Inc (NYSE: BBY) – Alpha Beta Stock (alphabetastock.com)
- Target CEO says Minnesota should play fair in Amazon bid, appreciates Dayton reaching out – Minneapolis / St. Paul Business Journal (bizjournals.com)
- Foot Locker Needs To Pull Off A Best Buy Recovery (seekingalpha.com)
- Here’s Where Apple Customers Really Buy iPhones and iPads (finance.yahoo.com)
- Best Buy opens distribution center in Compton (finance.yahoo.com)
A number of analysts have commented on BBY shares. BidaskClub raised Best Buy Co. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised Best Buy Co. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Tuesday, October 10th. SunTrust Banks, Inc. set a $70.00 target price on Best Buy Co. and gave the stock a “buy” rating in a report on Saturday, July 22nd. Loop Capital reissued a “buy” rating and issued a $72.00 target price on shares of Best Buy Co. in a report on Monday, July 10th. Finally, Piper Jaffray Companies set a $70.00 target price on Best Buy Co. and gave the stock a “buy” rating in a report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $58.97.
Best Buy Co. (NYSE BBY) opened at 55.83 on Friday. The stock has a 50 day moving average price of $56.03 and a 200 day moving average price of $55.52. The stock has a market capitalization of $16.70 billion, a P/E ratio of 14.77 and a beta of 1.51. Best Buy Co. has a 12 month low of $37.10 and a 12 month high of $63.32.
Best Buy Co. (NYSE:BBY) last posted its earnings results on Tuesday, August 29th. The technology retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. Best Buy Co. had a net margin of 3.00% and a return on equity of 27.41%. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that Best Buy Co. will post $4.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, September 18th. Best Buy Co.’s payout ratio is currently 35.88%.
In other news, CFO Corie S. Barry sold 787 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $59.92, for a total transaction of $47,157.04. Following the sale, the chief financial officer now directly owns 54,159 shares of the company’s stock, valued at approximately $3,245,207.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Corie S. Barry sold 3,134 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $57.26, for a total transaction of $179,452.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 166,259 shares of company stock worth $9,182,693. Corporate insiders own 1.21% of the company’s stock.
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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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