What Did This CEO Just Do with Personal Shares of Best Buy Co (NYSE: BBY)?

By Carrie Williams

Today, the Chairman & CEO of Best Buy Co (NYSE: BBY), Hubert Joly, sold shares of BBY for $694.8K.

Following Hubert Joly’s last BBY Sell transaction on September 06, 2017, the stock climbed by 16.5%. In addition to Hubert Joly, 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.

Hubert Joly’s trades have generated a -9.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.