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 (WHO). Since then, BBY shares have increased by 30.0% and is now trading at $84.95. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 8 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) posted its quarterly earnings data on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.26. The technology retailer had revenue of $8.56 billion for 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%. The company's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 EPS. View Best Buy's earnings history.

Best Buy declared a quarterly dividend on Friday, May 22nd. Investors 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 2.59%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

Best Buy declared that its board has approved a share repurchase program on Wednesday, February 27th 2019, which authorizes the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

20 Wall Street analysts have issued 1-year target prices for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they expect Best Buy's stock price to reach $87.40 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price. View analysts' price targets for Best Buy.

Media coverage about BBY stock has been trending negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Best Buy earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave headlines about the technology retailer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Best Buy.

Best Buy saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,170,000 shares, an increase of 17.3% from the June 15th total of 6,110,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.1% of the shares of the company are short sold. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include Starbucks (SBUX), CVS Health (CVS), INDUSTRIA DE DI/ADR (IDEXY), CHRISTIAN DIOR/ADR (CHDRY), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), Booking (BKNG), TJX Companies (TJX), Target (TGT), Mercadolibre (MELI), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), eBay (EBAY), Walgreens Boots Alliance (WBA) and ITOCHU CORP/ADR (ITOCY). 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 variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.11%), State of Alaska Department of Revenue (0.04%), Mount Yale Investment Advisors LLC (0.03%), DNB Asset Management AS (0.01%), First National Bank of Mount Dora Trust Investment Services (0.01%) and Legacy Private Trust Co. (0.01%). 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 State of Alaska Department of Revenue, DNB Asset Management AS, Legacy Private Trust Co., and Nelson Van Denburg & Campbell Wealth Management Group LLC. 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, and Todd G Hartman. View insider buying and selling activity for Best Buy.

BBY stock was acquired by a variety of institutional investors in the last quarter, including Mount Yale Investment Advisors LLC, Envestnet Asset Management Inc., First National Bank of Mount Dora Trust Investment Services, HNP Capital LLC, Contravisory Investment Management Inc., Diversified Trust Co, Chesley Taft & Associates LLC, and Modus Advisors LLC. 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 $84.95.

Best Buy has a market capitalization of $21.87 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]