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

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

Best Buy declared a quarterly dividend on Wednesday, November 27th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share on Tuesday, January 7th. This represents a $2.00 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, December 16th. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 27th 2019, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings results on Tuesday, November, 26th. The technology retailer reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The technology retailer earned $9.76 billion during the quarter, compared to the consensus estimate of $9.71 billion. Best Buy had a net margin of 3.54% and a return on equity of 49.43%. Best Buy's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Best Buy.

Best Buy updated its FY 2020 Pre-Market earnings guidance on Tuesday, November, 26th. The company provided EPS guidance of $5.81-5.91 for the period, compared to the Thomson Reuters consensus estimate of $5.74. The company issued revenue guidance of $$43.2-43.6 billion, compared to the consensus revenue estimate of $$43.38 billion.

20 analysts have issued 1 year price objectives for Best Buy's shares. Their forecasts range from $73.00 to $101.00. On average, they anticipate Best Buy's share price to reach $84.94 in the next year. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for Best Buy.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 10 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Best Buy.

Headlines about BBY stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Best Buy earned a daily sentiment score of -1.7 on InfoTrie's scale. They also gave news headlines about the technology retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Best Buy.

Best Buy saw a decrease in short interest in December. As of December 31st, there was short interest totalling 7,640,000 shares, a decrease of 13.3% from the December 15th total of 8,810,000 shares. Based on an average daily trading volume, of 2,550,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 3.3% of the shares of the stock are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include Lowe's Companies (LOW), Booking (BKNG), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), TJX Companies (TJX), Target (TGT), JD.Com (JD), Wal-mart de Mexico S A B de C V (WMMVY), Walgreens Boots Alliance (WBA), Pinduoduo (PDD), Ross Stores (ROST), COMPASS GRP PLC/S (CMPGY), Dollar General (DG), ITOCHU CORP/ADR (ITOCY) and SEVEN & I HOLDI/ADR (SVNDY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Best Buy investors own include Intel (INTC), NVIDIA (NVDA), Home Depot (HD), Bank of America (BAC), Netflix (NFLX), Cisco Systems (CSCO), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU) and Citigroup (C).

Best Buy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.20%), Wedge Capital Management L L P NC (0.15%), PGGM Investments (0.15%), Scout Investments Inc. (0.10%), Assenagon Asset Management S.A. (0.06%) and Manning & Napier Group LLC (0.05%). Company insiders that own Best Buy stock include Asheesh Saksena, Brian A Tilzer, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard, Todd G Hartman 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 PGGM Investments, Artemis Investment Management LLP, Commerzbank Aktiengesellschaft FI, Bowling Portfolio Management LLC, DNB Asset Management AS, United Services Automobile Association, State of Alaska Department of Revenue and Pensionfund DSM Netherlands. Company insiders that have sold Best Buy company stock in the last year include Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Rajendra M Mohan, Richard M Schulze, Todd G Hartman and Victor Kathy J Higgins. View Insider Buying and Selling for Best Buy.

BBY stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Assenagon Asset Management S.A., Meag Munich Ergo Kapitalanlagegesellschaft MBH, LFA Lugano Financial Advisors SA, AE Wealth Management LLC, Manning & Napier Group LLC, Raymond James Trust N.A. and Huntington National Bank. 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, Robinhood, Fidelity and Charles Schwab.

One share of BBY stock can currently be purchased for approximately $89.94.

Best Buy has a market capitalization of $23.27 billion and generates $42.88 billion in revenue each year. The technology retailer earns $1.46 billion in net income (profit) each year or $5.32 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.View Additional Information About Best Buy.

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]