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. Investors 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 annualized dividend 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 has initiated a stock repurchase program on Tuesday, April 11th 2017, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 37.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings results on Thursday, May, 24th. The technology retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The technology retailer earned $9.11 billion during the quarter, compared to analyst estimates of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. 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 updated its FY19 earnings guidance on Thursday, May, 24th. The company provided earnings per share guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus 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.

19 Wall Street analysts have issued 1 year target prices for Best Buy's stock. Their forecasts range from $47.00 to $87.00. On average, they anticipate Best Buy's share price to reach $71.50 in the next twelve months. View Analyst Ratings for Best Buy.

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

News headlines about BBY stock have trended somewhat positive recently, Accern reports. Accern identifies negative and positive 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 closest to one being the most favorable. Best Buy earned a news sentiment score of 0.17 on Accern's scale. They also assigned press coverage about the technology retailer an impact score of 45.71 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Best Buy's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.43%), Northern Trust Corp (1.36%), Massachusetts Financial Services Co. MA (1.05%), Dimensional Fund Advisors LP (1.07%), OppenheimerFunds Inc. (1.03%) and LSV Asset Management (0.82%). 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 BlackRock Inc., Dimensional Fund Advisors LP, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Royal Bank of Canada, Schwab Charles Investment Management Inc. and Massachusetts Financial Services Co. MA. 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 purchased by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Mackay Shields LLC, Millennium Management LLC, Russell Investments Group Ltd., Scout Investments Inc., Wedge Capital Management L L P NC, Carillon Tower Advisers Inc. and Stevens Capital Management LP. 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 $76.29.

Best Buy has a market capitalization of $21.19 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]