Piper Sandler Keeps Their Hold Rating on Best Buy Co (BBY)
In a report released today, Peter Keith from Piper Sandler maintained a Hold rating on Best Buy Co, with a price target of $68.00.
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According to TipRanks, Keith is a 5-star analyst with an average return of 8.7% and a 48.69% success rate. Keith covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Boot Barn, and Best Buy Co.
Best Buy Co has an analyst consensus of Moderate Buy, with a price target consensus of $74.00.
Based on Best Buy Co’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $13.81 billion and a net profit of $541 million. In comparison, last year the company earned a revenue of $13.95 billion and had a net profit of $117 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BBY in relation to earlier this year. Earlier this month, Scarlett Kathleen , the SEVP, Corp Affairs & HR of BBY sold 8,049.00 shares for a total of $515,216.49.
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