Brian A. Tilzer Sells 916 Shares of Best Buy Co Inc (NYSE:BBY) Stock

Best Buy Co Inc (NYSE:BBY) insider Brian A. Tilzer sold 916 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $51.75, for a total value of $47,403.00. Following the completion of the sale, the insider now directly owns 20,903 shares of the company’s stock, valued at approximately $1,081,730.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BBY stock opened at $60.56 on Thursday. The business has a fifty day moving average of $76.28 and a two-hundred day moving average of $77.54. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 0.98. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Best Buy Co Inc has a 52-week low of $48.10 and a 52-week high of $91.99.

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

The firm 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 is a boost from Best Buy’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, March 18th. This represents a $2.20 annualized dividend and a yield of 3.63%. Best Buy’s dividend payout ratio (DPR) is 36.24%.

A number of hedge funds have recently bought and sold shares of the business. Cresset Asset Management LLC acquired a new stake in shares of Best Buy in the fourth quarter valued at $252,000. Bessemer Group Inc. grew its stake in shares of Best Buy by 24.8% in the fourth quarter. Bessemer Group Inc. now owns 7,485 shares of the technology retailer’s stock valued at $658,000 after buying an additional 1,486 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Best Buy by 7.1% in the third quarter. Equitable Trust Co. now owns 19,274 shares of the technology retailer’s stock valued at $1,330,000 after buying an additional 1,275 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Best Buy by 0.7% in the third quarter. California State Teachers Retirement System now owns 429,902 shares of the technology retailer’s stock valued at $29,659,000 after buying an additional 2,984 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its stake in shares of Best Buy by 47.0% in the third quarter. Voloridge Investment Management LLC now owns 38,614 shares of the technology retailer’s stock valued at $2,664,000 after buying an additional 12,345 shares in the last quarter. 78.59% of the stock is owned by institutional investors.

BBY has been the subject of several recent research reports. Morgan Stanley cut their price target on Best Buy from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. ValuEngine raised Best Buy from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Wells Fargo & Co cut their price target on Best Buy from $85.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday. Raymond James reaffirmed a “buy” rating and issued a $100.00 price target on shares of Best Buy in a report on Wednesday, November 27th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $105.00 price target (up previously from $86.00) on shares of Best Buy in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company has an average 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.

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

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