Best Buy Co. (NYSE: BBY) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – Best Buy Co. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.
  • 8/3/2017 – Best Buy Co. had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $70.00 price target on the stock.
  • 8/3/2017 – Best Buy Co. had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $60.00 price target on the stock.
  • 8/2/2017 – Best Buy Co. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/22/2017 – Best Buy Co. had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $72.00 price target on the stock.
  • 7/22/2017 – Best Buy Co. was given a new $70.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 7/12/2017 – Best Buy Co. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Best Buy Co. was given a new $47.00 price target on by analysts at Sanford C. Bernstein. They now have a “sell” rating on the stock.
  • 7/10/2017 – Best Buy Co. had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $72.00 price target on the stock.
  • 7/6/2017 – Best Buy Co. had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.
  • 6/26/2017 – Best Buy Co. was given a new $70.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.

Shares of Best Buy Co., Inc. (BBY) traded down 2.87% during trading on Tuesday, hitting $58.97. The company’s stock had a trading volume of 3,282,119 shares. The firm’s 50 day moving average is $57.32 and its 200-day moving average is $51.54. The company has a market capitalization of $17.98 billion, a P/E ratio of 15.86 and a beta of 1.45. Best Buy Co., Inc. has a 1-year low of $32.20 and a 1-year high of $62.36.

Best Buy Co. (NYSE:BBY) last announced its quarterly earnings results on Thursday, May 25th. The technology retailer reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.20. The company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.28 billion. Best Buy Co. had a return on equity of 26.81% and a net margin of 3.01%. Best Buy Co.’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Analysts forecast that Best Buy Co., Inc. will post $3.89 EPS for the current fiscal year.

In related news, VP Mathew Watson sold 758 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $51.82, for a total transaction of $39,279.56. Following the completion of the transaction, the vice president now directly owns 19,172 shares of the company’s stock, valued at approximately $993,493.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patricia H. Walker sold 9,974 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $59.86, for a total value of $597,043.64. Following the transaction, the insider now directly owns 24,122 shares of the company’s stock, valued at $1,443,942.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,917 shares of company stock valued at $7,107,375. 0.84% of the stock is owned by corporate insiders.

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.

Receive News & Ratings for Best Buy Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Best Buy Co Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.