Best Buy Co Inc (BBY): Will The Growth Last?

A salesman carries a Best Buy shopping basket in San Francisco California

Best Buy Co., Inc. - BBY - Stock Price Today - Zacks

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. The company now has an average rating of "Buy" and an average price target of $58.97.

As for the outlook, Best Buy said it expects fiscal 2018 revenue growth of 4 percent to 4.8 percent with non-GAAP operating income growth of 7 percent to 9.5 percent. Best Buy Co Inc now has $17.11 billion valuation. The technology retailer reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.78. Analysts surveyed by Zacks had expected revenue of $14.33 billion. Revenue rose 4 percent to $9.32 billion. About shares traded. Best Buy Co Inc (NYSE:BBY) has risen 62.80% since November 15, 2016 and is uptrending. "(BBY)" was originally reported by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright legislation.

At the moment 25 analysts are watching Best Buy Co., Inc.

On October 24 analysts at Loop Capital updated its forecast on BBY stating a rating of "Buy" and a price target of $72.00.

Renaissance Technologies LLC reports that it sold 1,430,300 shares in quarter ending 09/30/2017 decreasing its holdings in Best Buy Co by 40.5%. Bernstein initiated Best Buy Co Inc (NYSE:BBY) rating on Monday, February 6.

First Bancorp is the bank holding company for First Bank. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Piper Jaffray Companies restated a "buy" rating and issued a $70.00 price objective on shares of Best Buy a report on Thursday, August 3rd.

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Best Buy Co, Inc is a provider of technology products, services and solutions. 18,341,729 shares of the company traded hands, compared to its average volume of 4,481,823.

The company now has an insider ownership of 0.4 Percent and Institutional ownership of 91.3 Percent. Telsey Advisory Group maintained Best Buy Co Inc (NYSE:BBY) rating on Wednesday, September 20.

Other large investors have also recently bought and sold shares of the company.

"Q3 was a very solid quarter for Best Buy on multiple fronts, with meaningful revenue growth and largely preserved margins in the midst of a highly-promotional environment, which reflect improved efficiencies as it executes its continued march towards becoming a true multi-channel retailer", he said in a note emailed to Retail Dive. This is a blow to BBY stock as Wall Street is estimating earnings per share of $2.03 for the holiday quarter. Huntington National Bank now owns 2,050 shares of the technology retailer's stock valued at $118,000 after buying an additional 318 shares during the last quarter.

The stock increased or $0 during the last trading session, hitting $. Finally, Financial Advisors Network Inc. lifted its holdings in shares of Best Buy 2.3% in the 2nd quarter. The fund owned 185,255 shares of the technology retailer's stock after selling 43,500 shares during the period. Hedge funds and other institutional investors own 87.52% of the company's stock. Also, General Counsel Keith J. Nelsen sold 2,433 shares of the company's stock in a transaction dated Monday, August 21st.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

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