Insider Selling: Best Buy Co Inc (BBY) SVP Sells 457 Shares of Stock

Best Buy Co Inc (NYSE:BBY) SVP Mathew Watson sold 457 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $72.54, for a total value of $33,150.78. Following the completion of the sale, the senior vice president now owns 20,241 shares of the company’s stock, valued at $1,468,282.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mathew Watson also recently made the following trade(s):

  • On Wednesday, May 23rd, Mathew Watson sold 276 shares of Best Buy stock. The shares were sold at an average price of $75.78, for a total value of $20,915.28.
  • On Thursday, March 15th, Mathew Watson sold 1,326 shares of Best Buy stock. The shares were sold at an average price of $69.43, for a total value of $92,064.18.

Shares of Best Buy stock traded up $0.06 during mid-day trading on Thursday, hitting $73.32. 3,241,627 shares of the stock were exchanged, compared to its average volume of 3,628,376. Best Buy Co Inc has a 12 month low of $51.61 and a 12 month high of $79.90. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 0.23. The stock has a market cap of $20.57 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.21 and a beta of 0.86.

Best Buy (NYSE:BBY) last posted its earnings results on Thursday, May 24th. The technology retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Best Buy had a net margin of 2.39% and a return on equity of 36.16%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.75 billion. During the same quarter last year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts anticipate that Best Buy Co Inc will post 5.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 14th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.45%. Best Buy’s dividend payout ratio is currently 40.72%.

Several institutional investors have recently bought and sold shares of BBY. SWS Partners bought a new position in shares of Best Buy during the 4th quarter worth approximately $110,000. Bristol John W & Co. Inc. NY bought a new position in shares of Best Buy during the 1st quarter worth approximately $129,000. Squar Milner Financial Services LLC purchased a new stake in shares of Best Buy during the 4th quarter worth approximately $201,000. Private Capital Group LLC increased its stake in shares of Best Buy by 850.7% during the 1st quarter. Private Capital Group LLC now owns 2,852 shares of the technology retailer’s stock worth $201,000 after purchasing an additional 2,552 shares during the last quarter. Finally, First Commonwealth Financial Corp PA purchased a new stake in shares of Best Buy during the 4th quarter worth approximately $212,000. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on BBY shares. Citigroup restated a “neutral” rating and issued a $74.00 price objective (up from $69.00) on shares of Best Buy in a report on Friday, February 16th. Wedbush restated a “sell” rating and issued a $38.00 price objective on shares of Best Buy in a report on Monday, February 26th. Piper Jaffray Companies increased their price objective on Best Buy from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Jefferies Financial Group restated a “buy” rating and issued a $74.00 price objective (up from $60.00) on shares of Best Buy in a report on Tuesday, February 27th. Finally, Loop Capital upgraded Best Buy to a “buy” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.41.

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

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

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