NYSE:BBY - Best Buy Stock Price, News, & Analysis

Best Buy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBY."

Best Buy declared a quarterly dividend on Friday, May 25th. Stockholders of record on Thursday, June 14th will be paid a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, June 13th. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 11th 2017, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 37.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings data on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.08. The technology retailer had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 28th 2018. View Earnings Estimates for Best Buy.

Best Buy issued an update on its FY19 earnings guidance on Thursday, May, 24th. The company provided EPS guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus estimate of $4.93. The company issued revenue guidance of $41-42 billion, compared to the consensus revenue estimate of $41.64 billion.Best Buy also updated its Q2 guidance to $0.77-0.82 EPS.

18 Wall Street analysts have issued 12 month price targets for Best Buy's stock. Their forecasts range from $48.00 to $87.00. On average, they anticipate Best Buy's stock price to reach $73.3571 in the next year. This suggests that the stock has a possible downside of 6.5%. View Analyst Price Targets for Best Buy.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

Some companies that are related to Best Buy include Lowe's Companies (LOW), CVS Health (CVS), Starbucks (SBUX), KERING S A/ADR (PPRUY), Walgreens Boots Alliance (WBA), TJX Companies (TJX), Wal-mart de Mexico S A B de C V (WMMVY), COMPAGNIE FINAN/ADR (CFRUY), Target (TGT), JD.Com (JD), SEVEN & I HOLDI/ADR (SVNDY), Ross Stores (ROST), COMPASS Grp PLC/S (CMPGY), eBay (EBAY) and ITOCHU Corp/ADR (ITOCY).

Headlines about BBY stock have been trending positive this week, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Best Buy earned a coverage optimism score of 0.36 on Accern's scale. They also assigned headlines about the technology retailer an impact score of 47.68 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Best Buy.

Best Buy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.05%), BlackRock Inc. (6.23%), Bank of New York Mellon Corp (2.12%), Renaissance Technologies LLC (1.89%), OppenheimerFunds Inc. (1.25%) and LSV Asset Management (1.12%). Company insiders that own Best Buy stock include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Paula Baker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard and Victor Kathy J Higgins. View Institutional Ownership Trends for Best Buy.

BBY stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, FMR LLC, Morgan Stanley, BlackRock Inc., American Century Companies Inc., Bank of America Corp DE, Dimensional Fund Advisors LP and Millennium Management LLC. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze and Shari L Ballard. View Insider Buying and Selling for Best Buy.

BBY stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Janus Henderson Group PLC, LSV Asset Management, OppenheimerFunds Inc., Schwab Charles Investment Management Inc., Tyvor Capital LLC, Worldquant Millennium Quantitative Strategies LLC and WBI Investments Inc.. View Insider Buying and Selling for Best Buy.

Shares of BBY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of BBY stock can currently be purchased for approximately $78.48.

Best Buy has a market capitalization of $21.99 billion and generates $42.15 billion in revenue each year. The technology retailer earns $1 billion in net income (profit) each year or $4.42 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.

Best Buy's mailing address is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. The technology retailer can be reached via phone at 612-291-1000 or via email at [email protected]