NYSE:BBY - Best Buy Stock Price, Price Target & More

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

Best Buy announced 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 2.36%. The ex-dividend date is Wednesday, June 13th. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 11th 2017, which authorizes the company to buyback $5,000,000,000.00 in 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 typically a sign that the company's board believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings results on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' 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 net margin of 2.39% and a return on equity of 36.16%. Best Buy's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Monday, August, 27th 2018. View Earnings Estimates for Best Buy.

Best Buy issued an update on its FY19 earnings guidance on Thursday, May, 24th. The company provided earnings per share (EPS) guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus earnings per share 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 analysts have issued 1 year target prices for Best Buy's shares. Their predictions range from $48.00 to $87.00. On average, they anticipate Best Buy's share price to reach $73.1333 in the next twelve months. This suggests that the stock has a possible downside of 3.9%. View Analyst Ratings 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."

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

News stories about BBY stock have trended somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Best Buy earned a media sentiment score of 0.19 on Accern's scale. They also gave media stories about the technology retailer an impact score of 45.16 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Best Buy's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include James Investment Research Inc. (0.22%), Bank of Montreal Can (0.17%), Scout Investments Inc. (0.11%), Pendal Group Ltd (0.08%), Retirement Systems of Alabama (0.07%) and NN Investment Partners Holdings N.V. (0.07%). 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 Clinton Group Inc., Sit Investment Associates Inc., Hartford Investment Management Co., Empowered Funds LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, JNBA Financial Advisors, Retirement Systems of Alabama and Empirical Finance 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 Cornerstone Wealth Management LLC, Bank of Montreal Can, Pendal Group Ltd, NN Investment Partners Holdings N.V., Atria Investments LLC, CENTRAL TRUST Co, IFM Investors Pty Ltd and Bristol Advisors 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 $76.11.

Best Buy has a market capitalization of $21.26 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]