Best Buy Co Inc (NYSE:BBY) General Counsel Keith J. Nelsen sold 13,003 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $69.43, for a total value of $902,798.29. Following the transaction, the general counsel now directly owns 101,063 shares in the company, valued at approximately $7,016,804.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Best Buy stock opened at $68.44 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 0.59. Best Buy Co Inc has a 1 year low of $43.72 and a 1 year high of $78.59. The company has a market cap of $20,474.55, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.97 and a beta of 1.09.

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Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, March 1st. The technology retailer reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.37. Best Buy had a net margin of 2.37% and a return on equity of 32.68%. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $14.52 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. research analysts expect that Best Buy Co Inc will post 4.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 22nd will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Best Buy’s previous quarterly dividend of $0.34. Best Buy’s dividend payout ratio is currently 41.46%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SWS Partners bought a new stake in shares of Best Buy in the 4th quarter valued at $110,000. Fieldpoint Private Securities LLC bought a new stake in shares of Best Buy in the 3rd quarter valued at $139,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Best Buy by 232.8% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,030 shares of the technology retailer’s stock valued at $139,000 after buying an additional 1,420 shares in the last quarter. Squar Milner Financial Services LLC bought a new stake in shares of Best Buy in the 4th quarter valued at $201,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Best Buy in the 4th quarter valued at $205,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Several research analysts have issued reports on BBY shares. Wedbush set a $32.00 price objective on Best Buy and gave the stock a “sell” rating in a report on Wednesday, November 29th. Moffett Nathanson started coverage on Best Buy in a report on Monday, December 4th. They set a “sell” rating on the stock. Loop Capital set a $80.00 price objective on Best Buy and gave the stock a “buy” rating in a report on Tuesday, January 16th. Telsey Advisory Group downgraded Best Buy from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $62.00 to $81.00 in a report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Barclays upped their price objective on Best Buy from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Best Buy has an average rating of “Hold” and a consensus price target of $69.42.

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Best Buy Company Profile

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.

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

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