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 announced a quarterly dividend on Wednesday, November 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share on Tuesday, January 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, December 16th. View Best Buy's Dividend History.

Best Buy announced that its board has approved a share buyback plan on Wednesday, February 27th 2019, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings results on Tuesday, November, 26th. The technology retailer reported $1.13 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 49.43% and a net margin of 3.54%. Best Buy's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business 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 issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, November, 26th. The company provided earnings per share guidance of $5.81-5.91 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued 1 year price targets for Best Buy's shares. Their forecasts range from $73.00 to $101.00. On average, they anticipate Best Buy's stock price to reach $85.39 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. 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.

News coverage about BBY stock has been trending somewhat positive this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Best Buy earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned media headlines about the technology retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Best Buy.

Best Buy saw a decrease in short interest during the month of 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 short-interest ratio is currently 3.0 days. Approximately 3.3% of the company's shares are short sold. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include Lowe's Companies (LOW), Booking (BKNG), COMPAGNIE FINAN/ADR (CFRUY), KERING S A/ADR (PPRUY), TJX Companies (TJX), JD.Com (JD), Target (TGT), 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 many different of institutional and retail 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%), Zurcher Kantonalbank Zurich Cantonalbank (0.08%) and Assenagon Asset Management S.A. (0.06%). 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., Zurcher Kantonalbank Zurich Cantonalbank, Meag Munich Ergo Kapitalanlagegesellschaft MBH, AdvisorShares Investments LLC, Campbell & CO Investment Adviser LLC, LFA Lugano Financial Advisors SA and AE Wealth 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, Robinhood, Fidelity and Charles Schwab.

One share of BBY stock can currently be purchased for approximately $89.82.

Best Buy has a market capitalization of $23.24 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]