GenTrust LLC Has $275,000 Position in Best Buy Co., Inc. (NYSE:BBY)

GenTrust LLC grew its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,174 shares of the technology retailer’s stock after purchasing an additional 190 shares during the quarter. GenTrust LLC’s holdings in Best Buy were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Best Buy during the 4th quarter worth $32,000. Harbor Capital Advisors Inc. purchased a new position in Best Buy during the 3rd quarter worth $40,000. LRI Investments LLC boosted its holdings in Best Buy by 632.1% during the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock worth $40,000 after acquiring an additional 335 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Best Buy by 1,200.0% during the 4th quarter. Trust Co. of Vermont now owns 416 shares of the technology retailer’s stock worth $36,000 after acquiring an additional 384 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Best Buy during the 3rd quarter worth $44,000. 80.96% of the stock is owned by hedge funds and other institutional investors.

Best Buy Trading Up 0.4 %

Shares of Best Buy stock opened at $90.41 on Thursday. Best Buy Co., Inc. has a 52-week low of $69.29 and a 52-week high of $103.71. The stock’s 50-day simple moving average is $86.24 and its 200 day simple moving average is $90.52. The stock has a market capitalization of $19.33 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00.

Best Buy (NYSE:BBY) last announced its quarterly earnings data 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). The firm had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $9.63 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. As a group, research analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Analysts Set New Price Targets

BBY has been the topic of a number of analyst reports. Telsey Advisory Group cut their price objective on shares of Best Buy from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Barclays lowered their target price 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. Truist Financial lowered their target price on Best Buy from $107.00 to $95.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Best Buy has a consensus rating of “Moderate Buy” and a consensus price target of $101.72.

Insider Buying and Selling at Best Buy

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the completion of the transaction, the chief financial officer now owns 92,070 shares of the company’s stock, valued at $8,052,442.20. The trade was a 42.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.59% of the company’s stock.

Best Buy Profile

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.