Rothschild Investment LLC Buys 142 Shares of Best Buy Co., Inc. (NYSE:BBY)

Rothschild Investment LLC lifted its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 19.7% during the 4th quarter, HoldingsChannel reports. The firm owned 861 shares of the technology retailer’s stock after acquiring an additional 142 shares during the period. Rothschild Investment LLC’s holdings in Best Buy were worth $74,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in Best Buy by 5.2% during the 4th quarter. IFP Advisors Inc now owns 2,538 shares of the technology retailer’s stock worth $218,000 after acquiring an additional 125 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Best Buy during the 4th quarter worth approximately $968,000. Howard Capital Management Inc. grew its holdings in Best Buy by 11.2% during the 4th quarter. Howard Capital Management Inc. now owns 3,907 shares of the technology retailer’s stock worth $335,000 after acquiring an additional 392 shares during the last quarter. TCW Group Inc. grew its holdings in Best Buy by 26.7% during the 4th quarter. TCW Group Inc. now owns 401,098 shares of the technology retailer’s stock worth $34,414,000 after acquiring an additional 84,505 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in Best Buy during the 4th quarter worth approximately $3,937,000. 80.96% of the stock is owned by institutional investors.

Best Buy Stock Up 0.4 %

Best Buy stock opened at $90.41 on Thursday. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. Best Buy Co., Inc. has a 12-month low of $69.29 and a 12-month high of $103.71. The firm’s fifty day moving average is $86.24 and its 200 day moving average is $90.52. The company has a market capitalization of $19.33 billion, a PE ratio of 15.45, a PEG ratio of 2.10 and a beta of 1.43.

Best Buy (NYSE:BBY) last released its earnings results on Tuesday, November 26th. The technology retailer reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.04). Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The company had revenue of $9.45 billion for the quarter, compared to analyst estimates of $9.63 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the transaction, the chief financial officer now owns 92,070 shares in the company, valued at approximately $8,052,442.20. This represents a 42.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

BBY has been the topic of a number of research reports. Loop Capital reissued a “buy” rating and set a $100.00 target price on shares of Best Buy in a report on Wednesday, December 18th. StockNews.com lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Citigroup reduced their target price on shares of Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley dropped their price target on shares of Best Buy from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group dropped their price target on shares of Best Buy from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.72.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.