Teacher Retirement System of Texas cut its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 152,238 shares of the technology retailer’s stock after selling 5,324 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Best Buy Co. worth $8,671,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BBY. Thrivent Financial For Lutherans raised its position in Best Buy Co. by 4.1% during the first quarter. Thrivent Financial For Lutherans now owns 9,885 shares of the technology retailer’s stock worth $486,000 after acquiring an additional 390 shares during the period. Eqis Capital Management Inc. grew its holdings in shares of Best Buy Co. by 23.6% during the second quarter. Eqis Capital Management Inc. now owns 7,400 shares of the technology retailer’s stock worth $424,000 after buying an additional 1,411 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Best Buy Co. by 15.6% during the second quarter. Aperio Group LLC now owns 165,483 shares of the technology retailer’s stock worth $9,487,000 after buying an additional 22,375 shares in the last quarter. Viking Fund Management LLC purchased a new stake in shares of Best Buy Co. during the second quarter worth $344,000. Finally, Manning & Napier Advisors LLC grew its holdings in shares of Best Buy Co. by 46.6% during the second quarter. Manning & Napier Advisors LLC now owns 68,303 shares of the technology retailer’s stock worth $3,915,000 after buying an additional 21,721 shares in the last quarter. Institutional investors own 87.52% of the company’s stock.

Shares of Best Buy Co., Inc. (NYSE:BBY) opened at $55.83 on Friday. The stock has a market cap of $16,530.00, a PE ratio of 14.82, a PEG ratio of 1.18 and a beta of 1.42. Best Buy Co., Inc. has a 1 year low of $41.67 and a 1 year high of $63.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.69 and a current ratio of 1.42.

Best Buy Co. (NYSE:BBY) last issued its quarterly earnings results on Thursday, November 16th. The technology retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Best Buy Co. had a net margin of 3.00% and a return on equity of 27.41%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. research analysts expect that Best Buy Co., Inc. will post 4.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.44%. Best Buy Co.’s dividend payout ratio is presently 36.07%.

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BBY has been the subject of a number of research reports. BidaskClub raised shares of Best Buy Co. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised shares of Best Buy Co. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 target price on shares of Best Buy Co. in a report on Monday, November 13th. They noted that the move was a valuation call. SunTrust Banks, Inc. set a $70.00 target price on shares of Best Buy Co. and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Loop Capital reaffirmed a “buy” rating and set a $72.00 target price on shares of Best Buy Co. in a report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.86.

In other news, CFO Corie S. Barry sold 3,426 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $54.68, for a total transaction of $187,333.68. Following the sale, the chief financial officer now owns 57,903 shares of the company’s stock, valued at $3,166,136.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Corie S. Barry sold 787 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $59.92, for a total transaction of $47,157.04. Following the sale, the chief financial officer now directly owns 54,159 shares in the company, valued at approximately $3,245,207.28. The disclosure for this sale can be found here. Insiders have sold 166,259 shares of company stock worth $9,182,693 in the last three months. Corporate insiders own 1.21% of the company’s stock.

Best Buy Co. 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.

Institutional Ownership by Quarter for Best Buy Co. (NYSE:BBY)

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