Best Buy Co., Inc. (NYSE:BBY) registered a -3.89% decrease, still its new closing price is 74.19% up from the company’s 1 year high of 49.40.It posted 0.25% gains in previous 5 sessions and is now the subject of 20 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 2 buy or better ratings. The 27 stock analysts following this company have an average price target at $46.09, with individual PT in the $24.50-$58.00 range. The shares moved at $43.47, implying that brokerage firms see shares gaining about 68.57% in twelve months time.
Best Buy Co., Inc. (BBY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 1.87% rise year to date. A 10% Owner at Best Buy Co., Inc. (BBY) offloaded shares in a transaction closed on Friday December 16, 2016. SCHULZE RICHARD M sold 90,000 shares in the company at $47.28 each and collected $4,255,000 in proceeds. SCHULZE RICHARD M now owns 43,203,937 shares in the company after this transaction. A 10% Owner in the company, SCHULZE RICHARD M, disclosed a transaction on Thursday December 15, 2016 that ended up generating $11,397,001 from the sale of 235,000 shares at $48.5 per share.
Best Buy Co., Inc. (NYSE:BBY) Upcoming Results on Tap
Best Buy Co., Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.49 in that period. Sales during the quarter are predicted to arrive at $8.47 billion.
Earnings surprise history: Last quarter, the company posted approximately $8.95 billion in revenue and EPS of $0.62. The mean forecast was for $8.85 billion and $0.47 a share, respectively. One quarter earlier, revenue for the stock was at $8.53 billion, with earnings at $0.57/share.
Best Buy Co., Inc. (BBY) Brokerage Update
Best Buy Co., Inc. (BBY) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underperform by BofA/Merrill, according to news reported on Thursday November 17, 2016.Another important research note was issued by Jefferies on Monday August 15, 2016.The firm downgraded BBY to Hold from Buy. Over the last six months and over the last three months, the shares of Best Buy Co., Inc. (BBY), have changed 32.38% and 11.30%, respectively.