Market News

The Insider Patricia Walker Unloaded 1569 shares of Best Buy Co., Inc. (BBY); Blackrock Strategic Municipal Trust Has 1.33 Sentiment

The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.55. About 24,526 shares traded or 9.75% up from the average. BlackRock Strategic Municipal Trust (BSD) has declined 8.78% since March 20, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

The President – Services of Best Buy Co Inc, Patricia Walker lately cashed-in precisely $107,814 US Dollars for 1,569 shares in the Best Buy Co Inc corporation at an around $68.7 per each share. Patricia is trying to silently decrease her company’s share, same as she did in the last 30 days. She sold another 1,795 shares worth $126,540 USD. A filing documented published 19/03/2018 with the Washington-based SEC, revealed here, shows additional information about the sale. Patricia Walker holds about 0.01% of Best Buy Co Inc’s market capitalization or 35,552 shares.

Among 29 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 15 Hold. Therefore 34% are positive. Best Buy Co has $87 highest and $20.50 lowest target. $58.87’s average target is -14.10% below currents $68.53 stock price. Best Buy Co had 105 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, May 25 by Citigroup. The firm has “Overweight” rating given on Monday, August 24 by Piper Jaffray. On Friday, February 26 the stock rating was downgraded by Piper Jaffray to “Neutral”. On Tuesday, February 27 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Monday, February 12 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, September 20 by Piper Jaffray. The rating was upgraded by PiperJaffray on Monday, March 27 to “Overweight”. As per Wednesday, August 24, the company rating was maintained by UBS. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Tuesday, August 29 by Oppenheimer. The company was maintained on Friday, March 2 by Morgan Stanley.

Investors sentiment increased to 0.86 in Q3 2017. Its up 0.10, from 0.76 in 2017Q2. It increased, as 60 investors sold Best Buy Co., Inc. shares while 189 reduced holdings. 54 funds opened positions while 136 raised stakes. 246.28 million shares or 2.83% less from 253.45 million shares in 2017Q2 were reported. Aqr Mngmt Limited Co has invested 0.6% in Best Buy Co., Inc. (NYSE:BBY). Commonwealth Equity Serv owns 56,007 shares or 0.02% of their US portfolio. 1.23M were reported by Robeco Institutional Asset Bv. Illinois-based Hightower Advsr Limited Liability has invested 0.07% in Best Buy Co., Inc. (NYSE:BBY). Group One Trading L P holds 8,493 shares or 0% of its portfolio. Sumitomo Mitsui Asset Mgmt Ltd holds 0.02% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 20,652 shares. The New York-based Kemnay Advisory Services has invested 0.35% in Best Buy Co., Inc. (NYSE:BBY). California-based Strategic Global Advsr Ltd has invested 0.54% in Best Buy Co., Inc. (NYSE:BBY). Bokf Na holds 0.13% or 78,270 shares in its portfolio. North Carolina-based Captrust Financial Advsr has invested 0.1% in Best Buy Co., Inc. (NYSE:BBY). Hays Advisory Lc holds 1.17% or 71,119 shares. Tobam accumulated 0.7% or 326,888 shares. Arrowmark Colorado Lc accumulated 10,300 shares or 0.01% of the stock. Paradigm Asset Management Company Ltd Company accumulated 12,800 shares. Shellback Ltd Partnership invested in 50,000 shares.

The stock decreased 1.72% or $1.2 during the last trading session, reaching $68.53. About 3.30M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since March 20, 2017 and is uptrending. It has outperformed by 46.10% the S&P500.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $20.03 billion. The firm operates through two reportable divisions, Domestic and International. It has a 21 P/E ratio. The Company’s stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on May, 24. They expect $0.74 earnings per share, up 23.33% or $0.14 from last year’s $0.6 per share. BBY’s profit will be $216.32 million for 23.15 P/E if the $0.74 EPS becomes a reality. After $2.42 actual earnings per share reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts -69.42% negative EPS growth.

Leave a Reply

Your email address will not be published. Required fields are marked *