Best Buy Co., Inc. (NYSE:BBY) – Analysts at KeyCorp reduced their FY2018 EPS estimates for Best Buy Co. in a note issued to investors on Thursday. KeyCorp analyst B. Thomas now anticipates that the technology retailer will post earnings of $4.01 per share for the year, down from their previous estimate of $4.04. KeyCorp currently has a “Hold” rating on the stock.

Other equities research analysts have also issued research reports about the company. UBS AG reiterated a “buy” rating and issued a $57.00 price target (down previously from $60.00) on shares of Best Buy Co. in a research note on Wednesday, September 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $68.00 price target on shares of Best Buy Co. in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Best Buy Co. in a research note on Thursday, November 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 price target on shares of Best Buy Co. in a research note on Wednesday, August 9th. Finally, Loop Capital reiterated a “buy” rating and issued a $72.00 price target on shares of Best Buy Co. in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $58.86.

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Best Buy Co. (BBY) traded down $0.29 during trading hours on Monday, hitting $56.06. The stock had a trading volume of 3,196,400 shares, compared to its average volume of 4,478,116. Best Buy Co. has a 52-week low of $41.67 and a 52-week high of $63.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.52. The stock has a market cap of $16,900.00, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42.

Best Buy Co. (NYSE:BBY) last posted its quarterly earnings data on Thursday, November 16th. The technology retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.36 billion. Best Buy Co. had a return on equity of 28.46% and a net margin of 3.09%. Best Buy Co.’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, December 6th. Best Buy Co.’s payout ratio is 34.43%.

In related news, CEO Hubert Joly sold 106,942 shares of Best Buy Co. stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $54.68, for a total transaction of $5,847,588.56. Following the transaction, the chief executive officer now directly owns 645,222 shares of the company’s stock, valued at $35,280,738.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Corie S. Barry sold 3,426 shares of Best Buy Co. stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $54.68, for a total transaction of $187,333.68. Following the transaction, the chief financial officer now directly owns 57,903 shares in the company, valued at $3,166,136.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,799 shares of company stock worth $7,956,730. 0.84% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB boosted its stake in Best Buy Co. by 0.3% in the second quarter. Nordea Investment Management AB now owns 15,000 shares of the technology retailer’s stock valued at $860,000 after acquiring an additional 48 shares in the last quarter. Advisor Group Inc. boosted its stake in Best Buy Co. by 1.2% in the second quarter. Advisor Group Inc. now owns 4,636 shares of the technology retailer’s stock valued at $265,000 after acquiring an additional 55 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Best Buy Co. by 6.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,774 shares of the technology retailer’s stock valued at $159,000 after acquiring an additional 163 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Best Buy Co. by 1.7% in the second quarter. Thrivent Financial For Lutherans now owns 10,055 shares of the technology retailer’s stock valued at $576,000 after acquiring an additional 170 shares in the last quarter. Finally, Financial Advisors Network Inc. lifted its stake in shares of Best Buy Co. by 2.3% during the second quarter. Financial Advisors Network Inc. now owns 7,550 shares of the technology retailer’s stock worth $433,000 after buying an additional 172 shares during the period. Institutional investors own 86.50% of the company’s stock.

About Best Buy Co.

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.

Earnings History and Estimates for Best Buy Co. (NYSE:BBY)

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