Best Buy (NYSE:BBY) Earning Somewhat Negative Media Coverage, Study Finds

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News articles about Best Buy (NYSE:BBY) have trended somewhat negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Best Buy earned a news sentiment score of -1.33 on their scale. InfoTrie also gave media coverage about the technology retailer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Best Buy’s ranking:

Shares of BBY stock opened at $76.92 on Friday. The firm has a market cap of $20.08 billion, a P/E ratio of 14.14, a PEG ratio of 2.22 and a beta of 1.50. Best Buy has a 1-year low of $48.10 and a 1-year high of $91.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.02 and a quick ratio of 0.46. The firm’s 50-day simple moving average is $70.96 and its 200-day simple moving average is $77.86.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Thursday, May 21st. The technology retailer reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.26. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. Analysts expect that Best Buy will post 4.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 10th. This represents a $2.20 annualized dividend and a dividend yield of 2.86%. Best Buy’s payout ratio is currently 36.24%.

A number of equities analysts have recently weighed in on the stock. Nomura lowered their price target on shares of Best Buy from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday. ValuEngine upgraded shares of Best Buy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Morgan Stanley upgraded shares of Best Buy to a “buy” rating and boosted their price objective for the stock from $75.00 to $85.00 in a research report on Friday. Telsey Advisory Group upgraded shares of Best Buy from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, May 18th. Finally, Nomura Securities boosted their price objective on shares of Best Buy from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.52.

In related news, CAO Mathew Watson sold 806 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $54.42, for a total transaction of $43,862.52. Following the completion of the sale, the chief accounting officer now owns 20,137 shares of the company’s stock, valued at approximately $1,095,855.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew M. Bilunas sold 782 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $56.89, for a total transaction of $44,487.98. Following the sale, the chief financial officer now directly owns 25,465 shares of the company’s stock, valued at approximately $1,448,703.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,602 shares of company stock worth $3,536,169. Insiders own 0.95% of the company’s stock.

About Best Buy

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 Computing and Mobile Phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products.

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