Burford Brothers Inc. Has $510,000 Stock Holdings in Best Buy Co., Inc. (NYSE:BBY)

Burford Brothers Inc. lifted its stake in Best Buy Co., Inc. (NYSE:BBY) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,943 shares of the technology retailer’s stock after acquiring an additional 926 shares during the quarter. Burford Brothers Inc.’s holdings in Best Buy were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BBY. Harbor Capital Advisors Inc. bought a new stake in shares of Best Buy during the 3rd quarter worth approximately $40,000. LRI Investments LLC increased its holdings in Best Buy by 632.1% during the third quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Trust Co. of Vermont raised its position in Best Buy by 1,200.0% during the fourth quarter. Trust Co. of Vermont now owns 416 shares of the technology retailer’s stock worth $36,000 after acquiring an additional 384 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Best Buy in the third quarter valued at $44,000. Finally, Richardson Financial Services Inc. grew its position in shares of Best Buy by 71.9% in the 4th quarter. Richardson Financial Services Inc. now owns 550 shares of the technology retailer’s stock valued at $47,000 after acquiring an additional 230 shares during the period. Institutional investors own 80.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BBY shares. Citigroup dropped 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. Wells Fargo & Company dropped their price objective on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 27th. StockNews.com downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays dropped their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Finally, Morgan Stanley decreased their price objective on shares of Best Buy from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.72.

Best Buy Price Performance

Shares of NYSE BBY opened at $85.73 on Monday. The business has a fifty day moving average price of $86.30 and a two-hundred day moving average price of $90.16. The stock has a market capitalization of $18.33 billion, a PE ratio of 14.65, a P/E/G ratio of 2.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. Best Buy Co., Inc. has a fifty-two week low of $69.29 and a fifty-two week high of $103.71.

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

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were paid a $0.94 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $3.76 dividend on an annualized basis and a yield of 4.39%. Best Buy’s dividend payout ratio (DPR) is 64.27%.

Insider Buying and Selling at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value 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 trade represents a 42.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.

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.