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 announced a quarterly dividend on Wednesday, November 21st. Investors of record on Tuesday, December 11th will be given a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, December 10th. View Best Buy's Dividend History.

Best Buy announced that its board has authorized a share repurchase plan on Tuesday, April 11th 2017, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 37.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) posted its earnings results on Tuesday, November, 20th. The technology retailer reported $0.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.85 by $0.08. The technology retailer earned $9.59 billion during the quarter, compared to analysts' expectations of $9.56 billion. Best Buy had a return on equity of 44.41% and a net margin of 2.52%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Best Buy.

Best Buy updated its FY19 earnings guidance on Tuesday, November, 20th. The company provided earnings per share guidance of $5.09-5.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.11. The company issued revenue guidance of $42.5-42.9 billion, compared to the consensus revenue estimate of $42.74 billion.Best Buy also updated its FY 2019 guidance to $5.09-5.19 EPS.

15 Wall Street analysts have issued 12-month price targets for Best Buy's shares. Their predictions range from $65.00 to $90.00. On average, they anticipate Best Buy's stock price to reach $76.60 in the next year. This suggests a possible upside of 38.3% from the stock's current price. View Analyst Price Targets for Best Buy.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

News stories about BBY stock have trended somewhat positive on Sunday, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Best Buy earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news articles about the technology retailer a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Some companies that are related to Best Buy include KERING S A/ADR (PPRUY), TJX Companies (TJX), SEVEN & I HOLDI/ADR (SVNDY), Target (TGT), COMPASS GRP PLC/S (CMPGY), COMPAGNIE FINAN/ADR (CFRUY), Ross Stores (ROST), ITOCHU CORP/ADR (ITOCY), Yum! Brands (YUM), O'Reilly Automotive (ORLY), eBay (EBAY), Dollar General (DG), JD.Com (JD), Pinduoduo (PDD) and HENNES & MAURIT/ADR (HNNMY).

Best Buy's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.79%), Vanguard Group Inc (10.88%), FMR LLC (8.28%), BlackRock Inc. (6.26%), AQR Capital Management LLC (3.11%) and Bank of New York Mellon Corp (2.37%). 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, 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 Renaissance Technologies LLC, Marshall Wace LLP, American Century Companies Inc., Panagora Asset Management Inc., Wells Fargo & Company MN, Mitsubishi UFJ Trust & Banking Corp, Skandinaviska Enskilda Banken AB publ and Canada Pension Plan Investment Board. 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 acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Swedbank, Man Group plc, Prudential Financial Inc., Bank of New York Mellon Corp, Janus Henderson Group PLC, Artemis Investment Management LLP and TIAA CREF Investment Management LLC. 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 $55.37.

Best Buy has a market capitalization of $14.90 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.

The official website for Best Buy is http://www.bestbuy.com.

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]