Best Buy Co., Inc. (BBY) Analysts See $0.74 EPS on May, 24

May 16, 2018 - By Bridget Boland

Best Buy Co., Inc. (NYSE:BBY) Corporate Logo
During 2017 Q4 the big money sentiment increased to 0.86. That’s change of 0.10, from 2017Q3’s 0.76. 34 investors sold all, 198 reduced holdings as Best Buy Co., Inc. ratio increased. 124 grew positions while 75 funds amassed positions. Funds hold 233.61 million shares thus 5.15% less from 2017Q3’s 246.28 million shares.
Clark Estates Inc New York accumulated 0.7% or 62,000 shs. Chicago Equity Partners Llc reported 120,825 shs. 5,505 are held by Ameritas Invest Partners Inc. Greenlight Cap Incorporated stated it has 104,700 shs or 0.13% of all its holdings. Jensen Investment Mngmt stated it has 6,030 shs or 0.01% of all its holdings. Natl Pension Serv holds 0.11% of its capital in Best Buy Co., Inc. (NYSE:BBY) for 311,172 shs. Mitsubishi Ufj has invested 0.07% of its capital in Best Buy Co., Inc. (NYSE:BBY). State Street holds 0.07% in Best Buy Co., Inc. (NYSE:BBY) or 12.48 million shs. Catawba Management Va holds 3,539 shs. Noven Grp holds 3,344 shs or 0.13% of its capital. Parsons Cap Mngmt Inc Ri reported 4,043 shs. Sg Americas Securities Limited Liability owns 0.02% invested in Best Buy Co., Inc. (NYSE:BBY) for 30,342 shs. 32,315 were reported by Amalgamated Retail Bank. Brandywine Glob Invest Management Ltd holds 0.15% of its capital in Best Buy Co., Inc. (NYSE:BBY) for 374,096 shs. Gotham Asset Management Limited accumulated 96,496 shs or 0.1% of the stock.

Best Buy Co., Inc. had 30 sales and 0 insider buys since December 12, 2017. This’s net activity of $53.96 million. $103,382 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by Nelsen Keith J on Monday, March 12. On Monday, March 12 Scarlett Kathleen sold $27,892 worth of Best Buy Co., Inc. (NYSE:BBY) or 385 shs. 1,569 Best Buy Co., Inc. (NYSE:BBY) shs with value of $107,814 were sold by Walker Patricia H. On Monday, March 12 Watson Mathew had sold 225 shs worth $16,301. On Monday, March 12 Joly Hubert had sold 9,591 shs worth $694,839. 27,475 shs valued at $1.91 million were sold by Ballard Shari L on Thursday, March 15.

Best Buy Co., Inc. (NYSE:BBY)’s quarterly earnings will be revealed on May, 24 before the open., Zacks reports. Last year’s EPS was $0.6, while now analysts expect change of 23.33 % up from current $0.74 EPS. BBY’s profit could reach $208.61M if the current EPS of $0.74 is accurate. Last quarter $2.42 EPS was reported. Analysts predicts -69.42 % negative EPS growth this quarter. Ticker’s shares touched $78.69 during the last trading session after 0.11% change.Currently Best Buy Co., Inc. is uptrending after 46.62% change in last May 16, 2017. BBY has 2.14 million shares volume. BBY outperformed by 35.07% the S&P 500.

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

A total of 15 analysts rate Best Buy Co (NYSE:BBY) as follows: 3 “Buy”, 10 “Hold” and 2 “Sell”. Тherefore 20% are bullish. (NYSE:BBY) has 16 ratings reports on May 16, 2018 according to StockzIntelligence. On Friday, February 16 the stock of Best Buy Co., Inc. (NYSE:BBY) earned “Neutral” rating by Citigroup. On Thursday, January 25 the stock of Best Buy Co., Inc. (NYSE:BBY) has “Market Perform” rating given by Telsey Advisory Group. On Friday, March 2 the firm earned “Equal-Weight” rating by Morgan Stanley. On Monday, March 5 the stock has “Hold” rating by Credit Suisse. The company rating was maintained by Telsey Advisory on Friday, March 2. On Monday, February 12 the stock has “Hold” rating by RBC Capital Markets. In Thursday, March 1 report Loop Capital Markets maintained the stock with “Buy” rating. On Friday, March 2 the stock of Best Buy Co., Inc. (NYSE:BBY) earned “Neutral” rating by UBS. The company rating was maintained by Wedbush on Monday, February 26. On Tuesday, February 27 the firm earned “Hold” rating by Jefferies.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.The firm is worth $22.18 billion. The firm operates through two reportable divisions, Domestic and International.The P/E ratio is 24.12. 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.

A couple more Best Buy Co., Inc. (NYSE:BBY) news were brought out by: Seekingalpha.com which released on April 19, 2018 “Best Buy’s Resilience Absolutely Incredible”, also Seekingalpha.com on April 17, 2018 brought out “How Far Could Best Buy Fall?”, the next Benzinga.com is “Amazon, Best Buy Find ‘Mutually Beneficial Opportunities’ In TV Partnership” on April 19, 2018. Streetinsider.com has article titled “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F”.

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

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