Best Buy Co Inc (BBY) Insider Sells $2,106,561.63 in Stock

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Best Buy Co Inc (NYSE:BBY) insider Asheesh Saksena sold 26,309 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $80.07, for a total transaction of $2,106,561.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Asheesh Saksena also recently made the following trade(s):

  • On Thursday, June 14th, Asheesh Saksena sold 18,570 shares of Best Buy stock. The stock was sold at an average price of $73.69, for a total transaction of $1,368,423.30.

Shares of BBY stock traded down $1.03 on Friday, reaching $78.20. 179,669 shares of the company were exchanged, compared to its average volume of 4,095,436. The stock has a market capitalization of $22.09 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.21 and a quick ratio of 0.56. Best Buy Co Inc has a one year low of $51.61 and a one year high of $84.37.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, August 28th. The technology retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.08. The company had revenue of $9.38 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Best Buy had a net margin of 2.44% and a return on equity of 40.28%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. analysts anticipate that Best Buy Co Inc will post 5.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Tuesday, September 18th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.30%. Best Buy’s dividend payout ratio (DPR) is presently 40.72%.

Several hedge funds have recently added to or reduced their stakes in BBY. Daiwa Securities Group Inc. boosted its position in shares of Best Buy by 47.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 24,474 shares of the technology retailer’s stock worth $1,713,000 after purchasing an additional 7,908 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Best Buy by 4.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 861,318 shares of the technology retailer’s stock worth $60,284,000 after acquiring an additional 33,731 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Best Buy by 120.1% in the 1st quarter. Westpac Banking Corp now owns 36,697 shares of the technology retailer’s stock worth $2,568,000 after acquiring an additional 20,021 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Best Buy by 2.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 100,024 shares of the technology retailer’s stock worth $7,042,000 after acquiring an additional 2,175 shares during the last quarter. Finally, Zeke Capital Advisors LLC raised its holdings in shares of Best Buy by 85.7% in the 1st quarter. Zeke Capital Advisors LLC now owns 5,916 shares of the technology retailer’s stock worth $414,000 after acquiring an additional 2,730 shares during the last quarter. 82.10% of the stock is currently owned by institutional investors.

A number of analysts have commented on the stock. ValuEngine raised shares of Best Buy from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of Best Buy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, July 16th. Morgan Stanley reaffirmed a “buy” rating on shares of Best Buy in a research report on Friday, June 8th. Loop Capital set a $85.00 price target on shares of Best Buy and gave the company a “buy” rating in a research report on Thursday, May 24th. Finally, Bank of America reaffirmed a “buy” rating and set a $92.00 price target on shares of Best Buy in a research report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.35.

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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Insider Buying and Selling by Quarter for Best Buy (NYSE:BBY)

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