Best Buy Co Inc (NYSE:BBY) CEO Corie S. Barry sold 2,191 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $51.75, for a total transaction of $113,384.25. Following the transaction, the chief executive officer now owns 145,324 shares of the company’s stock, valued at $7,520,517. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYSE BBY opened at $60.56 on Thursday. The firm’s fifty day moving average price is $76.28 and its two-hundred day moving average price is $77.54. The stock has a market cap of $15.32 billion, a PE ratio of 9.66, a PEG ratio of 1.23 and a beta of 1.14. Best Buy Co Inc has a fifty-two week low of $48.10 and a fifty-two week high of $91.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.46 and a current ratio of 1.10.

Best Buy (NYSE:BBY) last posted its earnings results on Thursday, February 27th. The technology retailer reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.15. The firm had revenue of $15.20 billion for the quarter, compared to analysts’ expectations of $15.05 billion. Best Buy had a net margin of 3.53% and a return on equity of 49.17%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. As a group, sell-side analysts predict that Best Buy Co Inc will post 6.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a boost from Best Buy’s previous quarterly dividend of $0.50. Best Buy’s payout ratio is presently 36.24%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gradient Investments LLC bought a new stake in shares of Best Buy in the fourth quarter worth $29,000. TRUE Private Wealth Advisors bought a new stake in shares of Best Buy in the fourth quarter worth $35,000. PSI Advisors LLC bought a new stake in shares of Best Buy in the fourth quarter worth $35,000. Danda Trouve Investment Management Inc. bought a new stake in shares of Best Buy in the fourth quarter worth $35,000. Finally, NorthRock Partners LLC bought a new stake in shares of Best Buy in the fourth quarter worth $39,000. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on BBY shares. Nomura restated a “buy” rating and set a price objective (down from ) on shares of Best Buy in a research report on Tuesday. Guggenheim restated a “buy” rating and set a $100.00 price objective (up from $90.00) on shares of Best Buy in a research report on Thursday, January 9th. Loop Capital boosted their price objective on shares of Best Buy from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Oppenheimer restated a “buy” rating and set a $105.00 price objective (up from $86.00) on shares of Best Buy in a research report on Friday, February 7th. Finally, Barclays restated a “buy” rating and set a $75.00 price objective on shares of Best Buy in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.18.

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 Computing and Mobile Phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products.

Featured Story: How interest rates affect municipal bond prices

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

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