The Pres, Multi-Channel, Retail of Best Buy Co (NYSE: BBY) is Selling Shares

By Carrie Williams

Today, the Pres, Multi-Channel, Retail of Best Buy Co (NYSE: BBY), Shari Ballard, sold shares of BBY for $251.7K.

Following Shari Ballard’s last BBY Sell transaction on September 06, 2017, the stock climbed by 16.5%. In addition to Shari Ballard, 8 other BBY executives reported Sell trades in the last month.

Based on Best Buy Co’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $15.36 billion and quarterly net profit of $364 million. In comparison, last year the company earned revenue of $13.48 billion and had a net profit of $607 million. The company has a one-year high of $78.59 and a one-year low of $43.72. BBY’s market cap is $21.17B and the company has a P/E ratio of 21.83.

Nine different firms, including B.Riley FBR and Bernstein, currently also have a Sell rating on the stock. Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $75.56, reflecting a -7.5% downside.

The insider sentiment on Best Buy Co has been negative according to 115 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International.