Best Buy Co. (NYSE:BBY) Earns News Impact Score of 0.27

Headlines about Best Buy Co. (NYSE:BBY) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy Co. earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news articles about the technology retailer an impact score of 44.8384299346488 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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Here are some of the media stories that may have impacted Accern’s rankings:

The best back-to-school tech deals at Amazon, Apple, Best Buy and Target (finance.yahoo.com)
Best Buy Co. (NYSE:BBY) and Systemax (SYX) Head to Head Analysis (americanbankingnews.com)
How Huawei May Have Finally Cracked the U.S. Phone Market (finance.yahoo.com)
Best Buy Co., Inc. (BBY) Stock to observe with 2.08% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
Best Buy Co., Inc. (BBY) Stock Rating Reaffirmed by Deutsche Bank AG (americanbankingnews.com)

Several brokerages have weighed in on BBY. Deutsche Bank AG reaffirmed a “buy” rating and issued a $60.00 target price on shares of Best Buy Co. in a research report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $70.00 target price on shares of Best Buy Co. in a research report on Thursday. BidaskClub raised Best Buy Co. from a “hold” rating to a “buy” rating in a research report on Wednesday. SunTrust Banks, Inc. set a $70.00 target price on Best Buy Co. and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $72.00 target price on shares of Best Buy Co. in a research report on Saturday, July 22nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $56.76.

Best Buy Co. (NYSE BBY) traded up 0.99% during trading on Friday, hitting $60.28. The company had a trading volume of 2,006,992 shares. The firm has a 50-day moving average of $56.16 and a 200 day moving average of $50.53. Best Buy Co. has a 12-month low of $32.02 and a 12-month high of $61.95. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 16.22 and a beta of 1.45.

Best Buy Co. (NYSE:BBY) last announced its quarterly earnings data on Thursday, May 25th. The technology retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.20. Best Buy Co. had a return on equity of 26.81% and a net margin of 3.01%. The business had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Best Buy Co. will post $3.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 15th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.26%. Best Buy Co.’s dividend payout ratio (DPR) is presently 36.46%.

In other Best Buy Co. news, insider Asheesh Saksena sold 22,255 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $55.66, for a total value of $1,238,713.30. Following the completion of the transaction, the insider now directly owns 82,440 shares of the company’s stock, valued at $4,588,610.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mathew Watson sold 503 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $59.00, for a total value of $29,677.00. Following the completion of the transaction, the vice president now directly owns 15,767 shares of the company’s stock, valued at $930,253. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,917 shares of company stock valued at $7,107,375. 1.21% of the stock is owned by insiders.

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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.