Best Buy Co., Inc. (NYSE:BBY) major shareholder Richard M. Schulze sold 200,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $64.14, for a total transaction of $12,828,000.00. Following the completion of the transaction, the insider now directly owns 1,732,500 shares of the company’s stock, valued at $111,122,550. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Best Buy Co., Inc. (NYSE BBY) traded down $0.64 during trading on Thursday, reaching $63.75. 3,749,493 shares of the company’s stock traded hands, compared to its average volume of 4,460,647. The company has a market cap of $18,565.66, a PE ratio of 15.80, a P/E/G ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 1.25. Best Buy Co., Inc. has a 52-week low of $41.67 and a 52-week high of $64.80.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Best Buy had a net margin of 3.09% and a return on equity of 28.46%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. equities analysts forecast that Best Buy Co., Inc. will post 4.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $1.36 annualized dividend and a yield of 2.13%. Best Buy’s dividend payout ratio is currently 34.34%.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Best Buy by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,828,752 shares of the technology retailer’s stock worth $276,833,000 after purchasing an additional 154,426 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Best Buy by 27.5% during the third quarter. Bank of New York Mellon Corp now owns 4,015,020 shares of the technology retailer’s stock worth $228,696,000 after purchasing an additional 866,787 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Best Buy by 762.4% during the second quarter. Renaissance Technologies LLC now owns 3,528,900 shares of the technology retailer’s stock worth $202,312,000 after purchasing an additional 3,119,700 shares during the period. APG Asset Management N.V. increased its holdings in shares of Best Buy by 27.6% during the third quarter. APG Asset Management N.V. now owns 3,340,288 shares of the technology retailer’s stock worth $190,263,000 after purchasing an additional 723,500 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Best Buy by 3.5% during the second quarter. LSV Asset Management now owns 2,015,293 shares of the technology retailer’s stock worth $115,536,000 after purchasing an additional 69,000 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on BBY. Oppenheimer reaffirmed a “hold” rating on shares of Best Buy in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Best Buy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Barclays restated a “buy” rating and set a $65.00 price objective on shares of Best Buy in a research note on Monday, August 28th. Piper Jaffray Companies restated a “buy” rating and set a $70.00 price objective on shares of Best Buy in a research note on Wednesday, August 23rd. Finally, Jefferies Group restated a “hold” rating and set a $60.00 price objective on shares of Best Buy in a research note on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $58.81.

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Best Buy Company Profile

Best Buy Co, Inc is a provider of technology products, services and solutions. 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 operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International.

Insider Buying and Selling by Quarter for Best Buy (NYSE:BBY)

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