Zacks Investment Research raised shares of Best Buy Co from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research note on Friday, March 3rd. They presently have a $60.00 price objective on the technology retailer's stock, up from their previous price objective of $46.00. (NYSE:M). At the time of writing, the First Call consensus price target for the company is $27.68. Susquehanna Group Llp holds 0% in Best Buy Co Inc (NYSE:BBY) or 76,000 shares. Finally, Vanguard Group Inc. raised its stake in shares of Best Buy Co by 4.0% in the first quarter. Highbridge Cap Mgmt Llc has 22,590 shares. Engineers Gate Manager Limited Partnership stated it has 0.36% in Best Buy Co Inc (NYSE:BBY). The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.78 on scale of 1-5. They now have a $68.00 price target on the technology retailer's stock, up from their prior price target of $58.00.
Best Buy Co (NYSE:BBY) last released its quarterly earnings data on Thursday, May 25th. Stock institutional ownership is 94.10% while insider ownership includes 1.00%. The company has market cap of $17.54 billion. The company's 50 day moving average price is $51.66 and its 200 day moving average price is $46.87. Best Buy Co has $66 highest and $20.50 lowest target. Ibm Retirement Fund has 0.05% invested in Best Buy Co Inc (NYSE:BBY) for 25,992 shares. Capstone Asset Management reported 28,404 shares stake. Zillow Group, Inc. (NASDAQ:Z) has risen 50.16% since May 30, 2016 and is uptrending.
The analysts forecasted Growth Estimates for the Current Quarter for BBY to be 8.8%. The firm owned 53,177 shares of the technology retailer's stock after buying an additional 10,149 shares during the period. The business's revenue was up 1.0% on a year-over-year basis. $44,590 worth of Best Buy Co Inc (NYSE:BBY) was sold by Watson Mathew.More news: USA successfully tests ICBM defense system amid rising North Korea tensions
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. The firm has "Neutral" rating by Longbow given on Thursday, June 16. The ex-dividend date of this dividend is Tuesday, June 13th. The weekly volatility of MBT is 1.89% and monthly volatility is 2.70%. Best Buy Co's dividend payout ratio is now 33.73%. DUPONT CAPITAL MANAGEMENT Corp increased its position in Best Buy Co by 9.5% in the third quarter. If you are viewing this news story on another domain, it was copied illegally and republished in violation of USA and global copyright and trademark laws. RBC Capital Markets maintained the stock with "Sector Perform" rating in Wednesday, August 24 report. Zacks Investment Research downgraded shares of Best Buy Co from a "strong-buy" rating to a "sell" rating in a research report on Thursday, February 2nd. The shares were sold at an average price of $51.82, for a total value of $39,279.56. Following the transaction, the vice president now owns 16,320 shares of the company's stock, valued at $727,708.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. HIGGINS VICTOR KATHY J had sold 7,500 shares worth $357,983. Insiders have sold 415,787 shares of company stock valued at $19,856,989 over the last quarter. Morgan Stanley now owns 814,552 shares of the technology retailer's stock valued at $31,099,000 after buying an additional 137,582 shares during the period. The disclosure for this sale can be found here.
In other Best Buy Co news, insider Shari L. Ballard sold 189,746 shares of the company's stock in a transaction that occurred on Thursday, March 30th. It increased, as 42 investors sold Best Buy Co Inc shares while 168 reduced holdings. Nelsen Keith J sold $4.02 million worth of stock or 90,247 shares. Ltd acquired a new position in shares of Best Buy Co during the fourth quarter valued at $122,000. During the same period a year ago, the company earned $0.44 earnings per share. Gabelli Funds Llc sold 105,000 shares as the company's stock rose 13.46% with the market.
Best Buy Co., Inc.is a provider of technology products, services and solutions. About 7 shares traded. Zweig DiMenna Associates LLC purchased a new position in shares of Best Buy Co during the third quarter valued at about $378,000. 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 activities in the United States, Canada and Mexico. The Company operates through two segments: Domestic and worldwide. The stock of Best Buy Co Inc (NYSE:BBY) earned "Hold" rating by Jefferies on Monday, August 15.