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 Wednesday, August 29th. Investors of record on Tuesday, September 18th will be given a dividend of $0.45 per share on Tuesday, October 9th. This represents a $1.80 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Monday, September 17th. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 11th 2017, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 37.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings data on Tuesday, August, 28th. The technology retailer reported $0.91 EPS for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.08. The technology retailer had revenue of $9.38 billion for the quarter, compared to analysts' expectations of $9.25 billion. Best Buy had a net margin of 2.44% and a return on equity of 40.28%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Thursday, November 15th 2018. View Earnings Estimates for Best Buy.

Best Buy issued an update on its FY19 earnings guidance on Tuesday, August, 28th. The company provided EPS guidance of $4.95-5.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.02. The company issued revenue guidance of $42.3-42.7 billion, compared to the consensus revenue estimate of $42.29 billion.Best Buy also updated its Q3 guidance to $0.79-0.84 EPS.

18 equities research analysts have issued 12 month price targets for Best Buy's shares. Their predictions range from $65.00 to $92.00. On average, they expect Best Buy's share price to reach $80.40 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price. 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, 11 hold ratings and 5 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 CVS Health (CVS), Walgreens Boots Alliance (WBA), TJX Companies (TJX), KERING S A/ADR (PPRUY), Wal-mart de Mexico S A B de C V (WMMVY), Target (TGT), SEVEN & I HOLDI/ADR (SVNDY), COMPAGNIE FINAN/ADR (CFRUY), Ross Stores (ROST), ITOCHU Corp/ADR (ITOCY), COMPASS Grp PLC/S (CMPGY), Dollar General (DG), eBay (EBAY), Yum! Brands (YUM) and JD.Com (JD).

Best Buy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include MERIAN GLOBAL INVESTORS UK Ltd (1.04%), Swedbank (0.80%), Bank of Montreal Can (0.18%), Scout Investments Inc. (0.11%), Aperio Group LLC (0.08%) and Cornerstone Wealth Management LLC (0.06%). 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 Cornerstone Wealth Management LLC, Scout Investments Inc., Pensionfund DSM Netherlands, Nisa Investment Advisors LLC, Pensionfund Sabic, Dorsey Wright & Associates, Hennessy Advisors Inc. and Empowered Funds 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 MERIAN GLOBAL INVESTORS UK Ltd, Swedbank, Barometer Capital Management Inc., Oliver Luxxe Assets LLC, Highland Capital Management LLC, First Hawaiian Bank, Bank of Montreal Can and BB&T Corp. 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 $72.30.

Best Buy has a market capitalization of $19.44 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]