Shares of Best Buy Co. (NYSE:BBY) were up 2.4% on Thursday . The company traded as high as $32.63 and last traded at $32.56, with a volume of 2,408,223 shares. The stock had previously closed at $31.79.

A number of analysts recently weighed in on BBY shares. Zacks Investment Research upgraded shares of Best Buy from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Tuesday, May 10th. Vetr upgraded shares of Best Buy from a “buy” rating to a “strong-buy” rating and set a $35.52 target price for the company in a report on Thursday, March 31st. Deutsche Bank AG restated a “buy” rating and set a $32.00 target price on shares of Best Buy in a report on Tuesday, June 28th. Morgan Stanley restated a “buy” rating and set a $28.00 target price on shares of Best Buy in a report on Wednesday, July 6th. Finally, Credit Suisse Group AG cut shares of Best Buy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.50 to $31.00 in a report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Best Buy has a consensus rating of “Buy” and a consensus price target of $34.12.

The stock’s 50-day moving average price is $30.77 and its 200-day moving average price is $30.93. The stock has a market cap of $10.42 billion and a price-to-earnings ratio of 11.10.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Tuesday, May 24th. The technology retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.29 billion. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. Equities research analysts anticipate that Best Buy Co. will post $2.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Tuesday, June 14th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Friday, June 10th.

In other news, CEO Hubert Joly sold 398,000 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $32.24, for a total value of $12,831,520.00. Following the completion of the transaction, the chief executive officer now owns 511,139 shares in the company, valued at $16,479,121.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mathew Watson sold 1,363 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $32.10, for a total transaction of $43,752.30. Following the completion of the transaction, the chief accounting officer now owns 20,668 shares of the company’s stock, valued at approximately $663,442.80. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in BBY. Aberdeen Asset Management PLC UK boosted its position in Best Buy by 2.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 384,522 shares of the technology retailer’s stock valued at $13,520,000 after buying an additional 7,716 shares during the period. Gulf International Bank UK Ltd boosted its position in Best Buy by 5.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 89,313 shares of the technology retailer’s stock valued at $2,720,000 after buying an additional 4,270 shares during the period. Aviance Capital Partners LLC boosted its position in Best Buy by 6.1% in the fourth quarter. Aviance Capital Partners LLC now owns 34,804 shares of the technology retailer’s stock valued at $1,060,000 after buying an additional 1,993 shares during the period. BOKF NA boosted its position in Best Buy by 46.8% in the fourth quarter. BOKF NA now owns 56,451 shares of the technology retailer’s stock valued at $1,719,000 after buying an additional 18,004 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Best Buy by 122.0% in the fourth quarter. GSA Capital Partners LLP now owns 111,539 shares of the technology retailer’s stock valued at $3,396,000 after buying an additional 61,298 shares during the period.

Best Buy Co, Inc is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico.

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