Investor's Roundup (Intraday Analysis) - Best Buy Co., Inc. (NYSE:BBY)


It also reduced its holding in Skywest Inc (NASDAQ:SKYW) by 92,962 shares in the quarter, leaving it with 60,300 shares, and cut its stake in Barrick Gold Corp (NYSE:ABX).

As the earnings date approaches, we can see that insider ownership is now 0.40% shares, and institutional ownership is at 89.80% for Best Buy Co., Inc. For the last period, the company reported quarter over quarter EPS growth of -13.70% and quarter over quarter sales growth of 1.00%. The Columbia Wanger Asset Management Llc holds 175,989 shares with $65.04M value, down from 258,565 last quarter. Janney Montgomery Scott has an ownership of 17,173 stocks of the technology retailer's shares valued at $844,000 after scooping up an extra 106 shares through out the quarter. Huntington National Bank increased its stake in Best Buy 18.4% in the second quarter. $357,983 worth of Best Buy Co Inc (NYSE:BBY) shares were sold by HIGGINS VICTOR KATHY J. The insider Walker Patricia H sold $597,091.

Best Buy Co., Inc. has a 1-year low of $36.51 and a 1-year high of $63.32. Company insiders own 0.84% of the company's stock. Best Buy Co., Inc. (BBY) opened at 62.47 on Tuesday. Aqr Cap Management Ltd Co has 0.39% invested in Best Buy Co Inc (NYSE:BBY). The firm has a 50-day moving average of $58.19 and a 200 day moving average of $52.51.

Several analysts have released their opinion on Best Buy Co., Inc. (NYSE:BBY) last announced its quarterly earnings data on Tuesday, August 29th.

Adjusted earnings per share were 69 U.S. cents in the quarter, well above the market consensus for 63 USA cents.

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Best Buy turned in a 5.4 percent increase in revenue at its USA stores opened at least a year for the fiscal second quarter.

Online sales rose 31 percent in the May-to-July second quarter. They expect $0.63 EPS, up 10.53% or $0.06 from last year's $0.57 per share.

Richfield, Minnesota-based Best Buy has steadily gained market share for more than three years in a "slow-growth" consumer electronics environment, RBC Capital Markets analyst Scot Ciccarelli said earlier this month.

COPYRIGHT VIOLATION WARNING: This article was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. "(BBY)" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. The legal version of this piece can be viewed at Barclays Capital maintained the shares of BBY in report on Monday, May 29 with "Buy" rating. Finally, Deutsche Bank AG reissued a buy rating and issued a $60.00 price objective on shares of Best Buy a report on Thursday, August 3rd.

Among 25 analysts covering Best Buy Co (NYSE:BBY), 11 have Buy rating, 3 Sell and 11 Hold. Jefferies Group LLC lifted their price objective on Best Buy Co. from $43.00 to $51.00 and gave the stock a "hold - buy" rating in a research report on Thursday, May 25th. RBC Capital Markets maintained the stock with "Sector Perform" rating in Monday, January 18 report. Caisse De Depot Et Placement Du Quebec has 0% invested in Best Buy Co Inc (NYSE:BBY) for 18,000 shares. Saksena Asheesh also sold $1.24M worth of Best Buy Co Inc (NYSE:BBY) shares. (The) reiterated a "buy" rating and set a $56.00 price objective (up from $49.00) on shares of Best Buy a research report on Sunday, May 28th. The stock was unloaded at a price range of of $59.92, amounting $134,580.32. The stock was sold at an average price of $59.00, for a total value of $29,677.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mathew Watson sold 503 shares of the firm's stock in a transaction dated Friday, June 9th. In a transaction dated August 21, 2017, the shares were put up for sale at an average price of $59.92, raking in a sum of $145,785.