Savant Capital LLC Has $3.18 Million Holdings in Best Buy Co., Inc. (NYSE:BBY)

Savant Capital LLC decreased its holdings in Best Buy Co., Inc. (NYSE:BBY) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,077 shares of the technology retailer’s stock after selling 990 shares during the period. Savant Capital LLC’s holdings in Best Buy were worth $3,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BBY. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Best Buy by 439.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,087 shares of the technology retailer’s stock valued at $217,000 after buying an additional 1,700 shares during the period. Exchange Traded Concepts LLC bought a new stake in Best Buy in the third quarter valued at approximately $248,000. Stablepoint Partners LLC increased its position in Best Buy by 15.6% during the 3rd quarter. Stablepoint Partners LLC now owns 4,763 shares of the technology retailer’s stock valued at $492,000 after purchasing an additional 642 shares during the period. Empirical Asset Management LLC bought a new position in Best Buy during the 3rd quarter worth approximately $558,000. Finally, Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Best Buy in the 3rd quarter worth approximately $215,000. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BBY has been the topic of a number of research analyst reports. Loop Capital reaffirmed a “buy” rating and set a $100.00 price target on shares of Best Buy in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Best Buy in a research note on Tuesday, October 15th. Citigroup dropped their price target on Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Best Buy currently has an average rating of “Moderate Buy” and an average price target of $101.72.

Best Buy Trading Down 0.0 %

NYSE:BBY opened at $88.04 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. Best Buy Co., Inc. has a one year low of $69.29 and a one year high of $103.71. The company has a market cap of $18.82 billion, a PE ratio of 15.05, a PEG ratio of 2.01 and a beta of 1.43. The firm has a 50-day moving average of $85.81 and a 200-day moving average of $90.05.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Tuesday, November 26th. The technology retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.04). Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $9.63 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Tuesday, December 17th. Best Buy’s payout ratio is currently 64.27%.

Insider Buying and Selling at Best Buy

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the sale, the chief financial officer now owns 92,070 shares in the company, valued at approximately $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.59% of the company’s stock.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.