$0.74 EPS Expected for Best Buy Co., Inc. (BBY)

May 16, 2018 - By Hazel Jackson

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment increased to 0.86 in Q4 2017. Its up 0.10, from 0.76 in 2017Q3. It increased, as 34 investors sold Best Buy Co., Inc. shares while 198 reduced holdings. 75 funds opened positions while 124 raised stakes. 233.61 million shares or 5.15% less from 246.28 million shares in 2017Q3 were reported.
Cibc World Markets Inc invested in 24,921 shares or 0.01% of the stock. Clinton Incorporated invested in 111,295 shares. Moreover, Sg Americas Secs Limited Liability Com has 0.02% invested in Best Buy Co., Inc. (NYSE:BBY). Hussman Strategic Advsr reported 1,300 shares or 0.03% of all its holdings. Neuberger Berman Ltd Company owns 544,208 shares. Fmr Limited Liability Company reported 25.92M shares. Greenleaf Tru reported 0% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Gam Holdings Ag owns 0.09% invested in Best Buy Co., Inc. (NYSE:BBY) for 44,428 shares. Morgan Stanley invested 0.04% in Best Buy Co., Inc. (NYSE:BBY). Bluemountain Capital Mngmt Ltd Limited Liability Company owns 313,310 shares or 0.43% of their US portfolio. Wellington Mgmt Group Llp reported 518,413 shares. Indiana-based Horizon Serv Ltd Limited Liability Company has invested 0.14% in Best Buy Co., Inc. (NYSE:BBY). Charter invested 0.14% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Rafferty Asset Mgmt Llc has invested 0.01% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Glg Ltd Limited Liability Company holds 0.07% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 13,290 shares.

Since December 12, 2017, it had 0 buys, and 30 insider sales for $53.96 million activity. Watson Mathew sold $76,438 worth of stock or 990 shares. Another trade for 11,773 shares valued at $829,949 was sold by Joly Hubert. $12.83 million worth of stock was sold by SCHULZE RICHARD M on Tuesday, December 12. Barry Corie S had sold 2,451 shares worth $172,786. Shares for $108,070 were sold by Saksena Asheesh. Shares for $126,540 were sold by Walker Patricia H on Wednesday, March 14.

Analysts expect Best Buy Co., Inc. (NYSE:BBY) to report $0.74 EPS on May, 24 before the open.They anticipate $0.14 EPS change or 23.33 % from last quarter’s $0.6 EPS. BBY’s profit would be $208.61 million giving it 26.52 P/E if the $0.74 EPS is correct. After having $2.42 EPS previously, Best Buy Co., Inc.’s analysts see -69.42 % EPS growth. The stock decreased 0.11% or $0.09 during the last trading session, reaching $78.51. About 2.94 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 46.62% since May 16, 2017 and is uptrending. It has outperformed by 35.07% the S&P500.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

Among 15 analysts covering Best Buy Co (NYSE:BBY), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Best Buy Co had 16 analyst reports since November 17, 2017 according to SRatingsIntel. On Tuesday, February 27 the stock rating was maintained by Jefferies with “Hold”. Morgan Stanley maintained Best Buy Co., Inc. (NYSE:BBY) rating on Friday, March 2. Morgan Stanley has “Equal-Weight” rating and $74 target. The stock of Best Buy Co., Inc. (NYSE:BBY) earned “Buy” rating by Bank of America on Friday, March 2. The firm has “Hold” rating given on Thursday, March 1 by RBC Capital Markets. The firm earned “Sell” rating on Monday, February 26 by Wedbush. RBC Capital Markets maintained the stock with “Hold” rating in Monday, February 12 report. The firm has “Neutral” rating given on Friday, February 16 by Citigroup. The rating was maintained by Loop Capital Markets with “Buy” on Thursday, March 1. As per Friday, November 17, the company rating was maintained by Deutsche Bank. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Market Perform” rating given on Thursday, January 25 by Telsey Advisory Group.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company has market cap of $22.13 billion. The firm operates through two reportable divisions, Domestic and International. It has a 24.06 P/E ratio. The Company’s stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products.

More important recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Seekingalpha.com which released: “Best Buy’s Resilience Absolutely Incredible” on April 19, 2018, also Benzinga.com published article titled: “Amazon, Best Buy Find ‘Mutually Beneficial Opportunities’ In TV Partnership”, Streetinsider.com published: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” on May 15, 2018. More interesting news about Best Buy Co., Inc. (NYSE:BBY) was released by: Seekingalpha.com and their article: “How Far Could Best Buy Fall?” with publication date: April 17, 2018.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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