Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Best Buy (BBY) Stock Price

Media stories about Best Buy (NYSE:BBY) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Best Buy earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the technology retailer an impact score of 46.5449970688592 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research firms have recently commented on BBY. Loop Capital reiterated a “buy” rating and issued a $72.00 price target on shares of Best Buy in a research report on Wednesday, September 20th. Oppenheimer reiterated a “hold” rating on shares of Best Buy in a research report on Wednesday, September 20th. Telsey Advisory Group lowered their price target on shares of Best Buy from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 20th. Royal Bank of Canada lowered their price target on shares of Best Buy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 20th. Finally, UBS reiterated a “buy” rating and issued a $57.00 price target (down from $60.00) on shares of Best Buy in a research report on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Best Buy has an average rating of “Hold” and a consensus price target of $58.81.

Shares of Best Buy (NYSE BBY) traded up $0.03 on Friday, hitting $67.11. 1,655,006 shares of the company’s stock were exchanged, compared to its average volume of 4,441,852. The firm has a market cap of $19,506.95, a price-to-earnings ratio of 16.95, a PEG ratio of 1.41 and a beta of 1.40. Best Buy has a 52 week low of $41.67 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.25.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.36 billion. Best Buy had a net margin of 3.09% and a return on equity of 28.46%. Best Buy’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. equities research analysts anticipate that Best Buy will post 4.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. Best Buy’s dividend payout ratio (DPR) is presently 34.34%.

In other news, major shareholder Richard M. Schulze sold 250,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.83, for a total value of $16,707,500.00. Following the transaction, the insider now owns 1,732,500 shares of the company’s stock, valued at approximately $115,782,975. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shari L. Ballard sold 40,018 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $56.18, for a total transaction of $2,248,211.24. Following the completion of the transaction, the insider now directly owns 99,304 shares in the company, valued at approximately $5,578,898.72. The disclosure for this sale can be found here. In the last three months, insiders sold 3,137,387 shares of company stock worth $191,242,577. Insiders own 1.21% of the company’s stock.

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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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