Investors sold shares of Best Buy Co. (NYSE:BBY) on strength during trading hours on Monday. $9.48 million flowed into the stock on the tick-up and $27.55 million flowed out of the stock on the tick-down, for a money net flow of $18.07 million out of the stock. Of all stocks tracked, Best Buy had the 0th highest net out-flow for the day. Best Buy traded up $0.33 for the day and closed at $32.47

A number of brokerages recently issued reports on BBY. Vetr upgraded shares of Best Buy from a “buy” rating to a “strong-buy” rating and set a $36.20 target price for the company in a research report on Monday, May 2nd. Piper Jaffray Cos. reiterated a “buy” rating and issued a $31.00 target price on shares of Best Buy in a research report on Thursday, June 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 target price on shares of Best Buy in a research report on Thursday, April 14th. Credit Suisse Group AG lowered shares of Best Buy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.50 to $31.00 in a research report on Wednesday, June 15th. Finally, Barclays PLC reiterated a “buy” rating and issued a $45.00 target price on shares of Best Buy in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.12.

The company has a market cap of $10.48 billion and a P/E ratio of 11.17. The company’s 50-day moving average is $30.77 and its 200 day moving average is $30.97.

Best Buy (NYSE:BBY) last issued its earnings results on Tuesday, May 24th. The technology retailer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm earned $8.44 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Best Buy Co. will post $2.90 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, June 14th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 10th. This represents a $1.12 annualized dividend and a dividend yield of 3.45%.

In other news, CEO Hubert Joly sold 398,000 shares of Best Buy stock in a transaction on Thursday, June 2nd. The stock was 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 directly owns 511,139 shares in the company, valued at $16,479,121.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mathew Watson sold 1,363 shares of Best Buy stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $32.10, for a total value 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 $663,442.80. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Best Buy by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 42,022 shares of the technology retailer’s stock valued at $1,280,000 after buying an additional 2,303 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Best Buy by 0.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 471,547 shares of the technology retailer’s stock valued at $14,363,000 after buying an additional 3,004 shares during the period. Flippin Bruce & Porter Inc. boosted its position in shares of Best Buy by 2.1% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 144,370 shares of the technology retailer’s stock valued at $4,396,000 after buying an additional 3,021 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of 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. Finally, Paradigm Capital Management Inc. NY boosted its position in shares of Best Buy by 17.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 51,550 shares of the technology retailer’s stock valued at $1,569,000 after buying an additional 7,625 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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