Shares of Best Buy Co Inc (NYSE:BBY) have received a consensus rating of “Hold” from the twenty-three research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $64.97.
BBY has been the topic of a number of analyst reports. Zacks Investment Research lowered Best Buy from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Best Buy in a research report on Friday, November 10th. Wedbush set a $33.00 price target on Best Buy and gave the company a “sell” rating in a research report on Monday, November 13th. Jefferies Group reiterated a “hold” rating and issued a $60.00 price target on shares of Best Buy in a research report on Monday, November 13th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “hold” rating on shares of Best Buy in a research report on Thursday, November 16th.
In other news, major shareholder Richard M. Schulze sold 935,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $60.18, for a total value of $56,268,300.00. Following the transaction, the insider now directly owns 1,732,500 shares of the company’s stock, valued at approximately $104,261,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Richard M. Schulze sold 65,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $61.08, for a total value of $3,970,200.00. Following the completion of the transaction, the insider now directly owns 1,732,500 shares in the company, valued at $105,821,100. The disclosure for this sale can be found here. Insiders sold a total of 3,050,000 shares of company stock worth $186,303,250 over the last three months. 0.84% of the stock is owned by company insiders.
Shares of Best Buy (NYSE BBY) traded down $1.08 during mid-day trading on Friday, reaching $71.49. The company had a trading volume of 4,390,000 shares, compared to its average volume of 3,240,000. The company has a market cap of $20,900.00, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.18 and a beta of 1.11. Best Buy has a twelve month low of $41.67 and a twelve month high of $78.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.52.
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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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