Best Buy Co Inc (BBY) Black Friday Deals May be a Boon for Shareholders

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Shareholders of Best Buy Co Inc (NYSE:BBY) hope that their lineup of Black Friday deals will send profits up this holiday season. The company, which is known for their super deals on Black Friday, appears to have upped the anti for 2015. Below is a look at some of the incredible deals being offered at Best Buy Stores:

-Toshiba – 49″ Class – LED – 1080p – HDTV Only at $149.99
-Samsung55″ Curved 4K Ultra HD LED Smart HDTV Only at $1,097.99
-Samsung32″ Class 1080p 60Hz LED HDTV Only at $249.99
-Samsung55″ Curved 4K UHD Smart TV Only at $799.99
-TCL Roku32″ 720p Smart HDTV for $125
-Samsung60″ 1080p LED Smart HDTV for $698
-Take up to 62% Off on Samsung4K Series Smart TV – 55″ Class
-Save $30 Off + Get $150 Gift card on VIZIO 48 Inch LED Smart TV
-Save 33% Off the Samsung75-Inch 1080p Smart LED TV
-Save $100 Off On VIZIO 49″ Class 4K Ultra HD LED Smart TV

The stock increased 1.38% or $0.43 on November 25, hitting $31.97. About 5.40 million shares traded hands. BBY has declined 9.72% since April 24, 2015 and is downtrending. It has underperformed by 8.59% the S&P500.

Out of 9 analysts covering Best Buy Co (NYSE:BBY), 6 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $50 is the highest target while $33 is the lowest. The $38.07 average target is 19.08% above today’s ($31.97) stock price. Best Buy Co was the topic in 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. UBS maintained the stock on November 20 with “Neutral” rating. Raymond James upgraded it to “Strong Buy” rating and $40 target price in an August 26 report. Zacks upgraded the shares of BBY in a report on August 27 to “Hold” rating. Vetr upgraded the firm’s rating on August 10. Vetr has “Buy” rating and $34.72 price target. Finally, Telsey maintained the stock with “Outperform” rating in an August 26 report.

The institutional sentiment increased to 1.15 in Q2 2015. Its up 0.19, from 0.96 in 2015Q1. The ratio increased, as 63 funds sold all Best Buy Co Inc shares owned while 148 reduced positions. 50 funds bought stakes while 192 increased positions. They now own 296.71 million shares or 17.37% less from 359.10 million shares in 2015Q1.

Aristotle Fund L.P. holds 23.38% of its portfolio in Best Buy Co Inc for 292,000 shares. Tyvor Capital Llc owns 716,912 shares or 8.39% of their US portfolio. Moreover, Peconic Partners Llc has 4.43% invested in the company for 840,660 shares. The Minnesota-based Minneapolis Portfolio Management Group Llc has invested 3.44% in the stock. Sterling Ridge Capital Management Lp, a New York-based fund reported 352,304 shares.

Since February 25, 2015, the stock had 0 insider purchases, and 7 sales for $41.82 million net activity. Schulze Richard M sold 197,500 shares worth $7.35M. Vittecoq Gerard R sold 10,974 shares worth $400,551. Nelsen Keith J sold 34,632 shares worth $1.32M. Mohan Rajendra M sold 40,000 shares worth $1.54M. The insider Watson Mathew sold 800 shares worth $28,752.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The company has a market cap of $11.01 billion. The Firm offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has 13.28 P/E ratio. It has retail and online activities in the United States, Canada and Mexico.

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