NYSE:BBYBest Buy Stock Price, Forecast & News

Best Buy's stock was trading at $65.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BBY shares have increased by 25.8% and is now trading at $82.22. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Best Buy.

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Best Buy.

Best Buy Co Inc (NYSE:BBY) issued its earnings results on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to analyst estimates of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. Best Buy's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. View Best Buy's earnings history.

Best Buy announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, June 10th. View Best Buy's dividend history.

Best Buy declared that its Board of Directors has approved a share buyback program on Wednesday, February 27th 2019, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

21 brokerages have issued 1-year price targets for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they expect Best Buy's share price to reach $86.90 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View analysts' price targets for Best Buy.

Press coverage about BBY stock has trended very negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of -3.1 on InfoTrie's scale. They also gave media coverage about the technology retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutBest Buy.

Best Buy saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,150,000 shares, an increase of 51.8% from the April 15th total of 4,710,000 shares. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.1% of the company's shares are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include JD.Com (JD), Pinduoduo (PDD), Booking (BKNG), KERING S A/ADR (PPRUY), TJX Companies (TJX), COMPAGNIE FINAN/ADR (CFRUY), Target (TGT), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), Mercadolibre (MELI), Walgreens Boots Alliance (WBA), Ross Stores (ROST), eBay (EBAY), ITOCHU CORP/ADR (ITOCY) and O'Reilly Automotive (ORLY). View all competitors.

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

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

Best Buy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.22%), State Street Corp (4.37%), JPMorgan Chase & Co. (2.96%), AQR Capital Management LLC (1.57%), Janus Henderson Group PLC (1.51%) and Geode Capital Management LLC (1.48%). Company insiders that own Best Buy stock include Allison Peterson, Asheesh Saksena, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, 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 Invesco Ltd., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, American International Group Inc., Eaton Vance Management, Bank of New York Mellon Corp, and Two Sigma Investments LP. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Victor Kathy J Higgins. View insider buying and selling activity for Best Buy.

BBY stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AQR Capital Management LLC, Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., BlackRock Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Deutsche Bank AG. View insider buying and selling activity 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 $82.22.

Best Buy has a market capitalization of $21.17 billion and generates $43.64 billion in revenue each year. The technology retailer earns $1.54 billion in net income (profit) each year or $6.07 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.

The official website for Best Buy is 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]