Best Buy Co. (BBY) Getting Somewhat Positive News Coverage, Analysis Finds
Press coverage about Best Buy Co. (NYSE:BBY) has trended somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Best Buy Co. earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the technology retailer an impact score of 44.649368375776 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Volatility Factor under Trader’s Radar – Best Buy Co., Inc., (NYSE: BBY) – Stock Watch (stocksnewstimes.com)
- Stocks Under Consideration: Best Buy Co., Inc., (NYSE: BBY), Santander Consumer USA Holdings Inc., (NYSE: SC … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- ETFs with exposure to Best Buy Co., Inc. : November 1, 2017 (finance.yahoo.com)
- Retailers try to step up their game heading into holidays (marketbeat.com)
- Waltzing Stocks: Best Buy Co., Inc., (NYSE: BBY), Invitation Homes Inc., (NYSE: INVH), Finisar Corporation, (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
Best Buy Co. (NYSE:BBY) last announced its earnings results on Tuesday, August 29th. The technology retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Best Buy Co. had a return on equity of 27.41% and a net margin of 3.00%. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period last year, the firm posted $0.57 EPS. The business’s revenue was up 4.8% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 19th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, September 18th. Best Buy Co.’s dividend payout ratio is presently 35.88%.
A number of research firms have recently issued reports on BBY. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Best Buy Co. in a report on Tuesday, August 29th. BidaskClub upgraded shares of Best Buy Co. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC reiterated a “buy” rating and issued a $65.00 price objective on shares of Best Buy Co. in a report on Monday, August 28th. Piper Jaffray Companies reiterated a “buy” rating and issued a $70.00 price objective on shares of Best Buy Co. in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 price objective on shares of Best Buy Co. in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $58.97.
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In other news, CFO Corie S. Barry sold 787 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $59.92, for a total transaction of $47,157.04. Following the completion of the transaction, the chief financial officer now owns 54,159 shares in the company, valued at approximately $3,245,207.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Corie S. Barry sold 3,134 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $57.26, for a total value of $179,452.84. The disclosure for this sale can be found here. Insiders have sold a total of 166,259 shares of company stock valued at $9,182,693 in the last quarter. 1.21% of the stock is owned by corporate insiders.
Best Buy Co. 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.
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