Best Buy (BBY) Earning Somewhat Positive News Coverage, Accern Reports

News stories about Best Buy (NYSE:BBY) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology retailer an impact score of 44.8766776115085 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Best Buy (NYSE:BBY) traded up $2.17 during mid-day trading on Friday, reaching $76.86. The company’s stock had a trading volume of 3,450,000 shares, compared to its average volume of 3,430,000. Best Buy has a one year low of $41.67 and a one year high of $77.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.25. The firm has a market capitalization of $22,470.00, a P/E ratio of 19.46, a PEG ratio of 1.39 and a beta of 1.38.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $1.36 annualized dividend and a yield of 1.77%. Best Buy’s dividend payout ratio (DPR) is presently 34.43%.

Several equities analysts recently weighed in on BBY shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $68.00 price objective on shares of Best Buy in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Best Buy from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, October 10th. Loop Capital set a $72.00 price objective on shares of Best Buy and gave the company a “buy” rating in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Best Buy in a research report on Friday, November 10th. Finally, Wedbush set a $33.00 price objective on shares of Best Buy and gave the company a “sell” rating in a research report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.58.

In other news, 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 value of $2,248,211.24. Following the sale, the insider now owns 99,304 shares in the company, valued at $5,578,898.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Keith J. Nelsen sold 44,235 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $56.78, for a total transaction of $2,511,663.30. Following the completion of the sale, the general counsel now owns 107,503 shares in the company, valued at approximately $6,104,020.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,134,253 shares of company stock worth $191,063,125. Corporate insiders own 1.21% of the company’s stock.

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About Best Buy

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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