Best Buy Co. Company Profile (NYSE:BBY)

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

Best Buy Co. declared a quarterly dividend on Friday, May 26th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.34 per share on Thursday, July 6th. This represents a $1.36 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Tuesday, June 13th. View Best Buy Co.'s Dividend History.

Best Buy Co. declared that its board has initiated a stock buyback program on Tuesday, April 11th 2017, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 37.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Best Buy Co., Inc. (NYSE:BBY) posted its earnings results on Thursday, May, 25th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.20. The firm earned $8.53 billion during the quarter, compared to the consensus estimate of $8.28 billion. Best Buy Co. had a return on equity of 26.81% and a net margin of 3.01%. Best Buy Co.'s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. View Best Buy Co.'s Earnings History.

Best Buy Co. is scheduled to release their next quarterly earnings announcement on Tuesday, August, 29th 2017. View Earnings Estimates for Best Buy Co..

Best Buy Co. updated its second quarter earnings guidance on Thursday, May, 25th. The company provided EPS guidance of $0.57-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59.

22 analysts have issued 1-year price targets for Best Buy Co.'s stock. Their predictions range from $29.00 to $72.00. On average, they expect Best Buy Co.'s share price to reach $56.94 in the next year. View Analyst Ratings for Best Buy Co..

Here are some recent quotes from research analysts about Best Buy Co. stock:

• 1. Loop Capital analysts commented, "secularly challenged retailer." (6/5/2017)
• 2. According to Zacks Investment Research, "Best Buy’s shares have outpaced the industry in the past one year driven by earnings beat over the last 17 quarters. The company is making extensive investments to upgrade operations with special focus on developing omni-channel capabilities and strengthening partnership with vendors. Moreover, following the successful completion of “Renew Blue” program the company has launched a fresh strategy called “Best Buy 2020: Building the New Blue”. Under this strategy the top most priority for fiscal 2018 will be exploring and pursuing growth opportunities, better execution in key areas and cost optimization. For the fiscal 2018, management forecasts Enterprise revenues (including 53rd week) growth of 1.5%. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic remain a concern." (3/3/2017)
• 3. Jefferies Group LLC analysts commented, "While BBY was within its sales guidance, we think the market was pricing in more. Guidance was softer than expected, particularly for Q1, reflecting weakness recently stemming from tax refund delays, moderation in certain categories and product shortages. Margins remained strong in Q4 and offset soft sales linked to weakness in gaming, tablets, wearables and product shortages. Hold rating reflects product cycle concerns, particularly TV." (3/2/2017)

Best Buy Co. saw a decrease in short interest during the month of June. As of June 15th, there was short interest totalling 36,993,916 shares, a decrease of 6.3% from the May 31st total of 39,498,524 shares. Based on an average daily volume of 4,428,702 shares, the days-to-cover ratio is presently 8.4 days. Approximately 14.0% of the company's stock are sold short.

Some companies that are related to Best Buy Co. include Target Corporation (TGT), Ctrip.com International (CTRP), Yum! Brands (YUM), Expedia (EXPE), Ross Stores (ROST), Kroger Company (The) (KR), Dollar General Corporation (DG), Tesco PLC (TSCDY), Koninklijke Ahold Delhaize NV (AHONY), O'Reilly Automotive (ORLY), Dollar Tree (DLTR), Ulta Beauty (ULTA), Restaurant Brands International (QSR), AutoZone (AZO), Whole Foods Market (WFM), L Brands (LB), MercadoLibre (MELI) and Fastenal Company (FAST).

Best Buy Co.'s management team includes the folowing people:

• Hubert Joly, Chairman of the Board, Chief Executive Officer
• Trish Walker, President, Services
• Corie S. Barry, Chief Financial Officer
• Shari L. Ballard, President, Multi-channel Retail and Operations
• Paula F. Baker, Chief Human Resource Officer
• Mathew R. Watson, Chief Accounting Officer, Vice President, Controller
• Keith J. Nelsen, General Counsel, Secretary
• R. Michael Mohan, Chief Merchandising and Marketing Officer
• Asheesh Saksena, Chief Strategic Growth Officer
• Russell P. Fradin, Lead Independent Director

Best Buy Co.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.86%), James Investment Research Inc. (0.33%), NN Investment Partners Holdings N.V. (0.24%), Bank of Montreal Can (0.20%), Ardevora Asset Management LLP (0.16%) and National Pension Service (0.10%). Company insiders that own Best Buy Co. stock include Asheesh Saksena, Gerard R Vittecoq, Hubert Joly, 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 Co..

Best Buy Co.'s stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, NN Investment Partners Holdings N.V., US Bancorp DE, Nisa Investment Advisors LLC, Meeder Asset Management Inc., Exxonmobil Investment Management Inc. TX, First Quadrant L P CA and State of Alaska Department of Revenue. Company insiders that have sold Best Buy Co. stock in the last year include Asheesh Saksena, 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 Insider Buying and Selling for Best Buy Co..

Best Buy Co.'s stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, James Investment Research Inc., Oregon Public Employees Retirement Fund, Hays Advisory LLC, Pensionfund DSM Netherlands, Mn Services Vermogensbeheer B.V., Pensionfund Sabic and National Pension Service. View Insider Buying and Selling for Best Buy Co..

Shares of Best Buy Co. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Best Buy Co. stock can currently be purchased for approximately $54.14.