$0.82 EPS Expected for Best Buy Co., Inc. (BBY)

August 13, 2018 - By Elizabeth Bryant

Best Buy Co., Inc. (NYSE:BBY) LogoInvestors sentiment decreased to 0.84 in Q1 2018. Its down 0.02, from 0.86 in 2017Q4. It dived, as 44 investors sold Best Buy Co., Inc. shares while 202 reduced holdings. 70 funds opened positions while 136 raised stakes. 234.44 million shares or 0.36% more from 233.61 million shares in 2017Q4 were reported.
Alphaone reported 527 shares. Spark Invest Management Limited Liability Company invested in 0.64% or 143,600 shares. Sg Americas Securities Limited Liability Corporation has invested 0.05% in Best Buy Co., Inc. (NYSE:BBY). Van Eck Assoc Corp stated it has 0.01% in Best Buy Co., Inc. (NYSE:BBY). Moreover, Citadel Advsrs Limited Liability Corporation has 0.01% invested in Best Buy Co., Inc. (NYSE:BBY). 23,314 were reported by Pinebridge Invs Limited Partnership. Natixis L P has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Meritage Portfolio Mgmt, a Kansas-based fund reported 89,760 shares. Suntrust Banks invested in 0.01% or 27,298 shares. First Citizens State Bank Communication holds 0.34% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 35,607 shares. Verition Fund Mngmt Ltd Limited Liability Company reported 0.02% stake. Chevy Chase Tru Inc owns 0.07% invested in Best Buy Co., Inc. (NYSE:BBY) for 215,895 shares. 51,937 were accumulated by Hartford Invest. Pillar Pacific Capital Management Ltd Liability has 5,300 shares for 0.04% of their portfolio. Hbk Lp, Texas-based fund reported 237,800 shares.

Since March 2, 2018, it had 0 buys, and 33 sales for $37.94 million activity. 2,022 shares were sold by Nelsen Keith J, worth $142,543. 706 shares were sold by Scarlett Kathleen, worth $49,770 on Wednesday, March 14. MOHAN RAJENDRA M also sold $185,763 worth of Best Buy Co., Inc. (NYSE:BBY) on Friday, May 25. Watson Mathew also sold $16,301 worth of Best Buy Co., Inc. (NYSE:BBY) shares. $126,540 worth of stock was sold by Walker Patricia H on Wednesday, March 14. Another trade for 11,773 shares valued at $829,949 was sold by Joly Hubert.

Analysts expect Best Buy Co., Inc. (NYSE:BBY) to report $0.82 EPS on August, 28 before the open.They anticipate $0.13 EPS change or 18.84 % from last quarter’s $0.69 EPS. BBY’s profit would be $229.10M giving it 24.00 P/E if the $0.82 EPS is correct. After having $0.82 EPS previously, Best Buy Co., Inc.’s analysts see 0.00 % EPS growth. The stock increased 0.04% or $0.03 during the last trading session, reaching $78.71. About 1.74M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 11.76% since August 13, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

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

Among 11 analysts covering Best Buy Co (NYSE:BBY), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Best Buy Co had 12 analyst reports since February 16, 2018 according to SRatingsIntel. The company was maintained on Monday, February 26 by Wedbush. On Friday, February 16 the stock rating was maintained by Citigroup with “Neutral”. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Hold” rating given on Thursday, March 1 by RBC Capital Markets. The stock has “Hold” rating by Telsey Advisory on Friday, March 2. As per Thursday, March 1, the company rating was maintained by Loop Capital Markets. Morgan Stanley maintained the shares of BBY in report on Friday, March 2 with “Equal-Weight” rating. UBS maintained the stock with “Neutral” rating in Friday, March 2 report. The firm has “Hold” rating by Credit Suisse given on Monday, March 5. Bank of America maintained the shares of BBY in report on Friday, March 2 with “Buy” rating. As per Tuesday, February 27, the company rating was maintained by Jefferies.

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 $21.99 billion. The firm operates through two reportable divisions, Domestic and International. It has a 23.16 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 recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Fool.com which released: “How Best Buy Became a Retail Success Story” on July 20, 2018. Also Bizjournals.com published the news titled: “These Minnesota companies have the highest — and lowest — median employee pay (slideshow)” on August 09, 2018. Bizjournals.com‘s news article titled: “Minnesota’s public companies are disclosing loads of new details about worker pay. Too bad critics say it’s mostly …” with publication date: August 02, 2018 was also an interesting one.

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

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