NYSE:BBY - Best Buy Stock Price, News, & Analysis

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

Best Buy declared a quarterly dividend on Wednesday, August 29th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.45 per share on Tuesday, October 9th. This represents a $1.80 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, September 17th. View Best Buy's Dividend History.

Best Buy announced that its board has authorized a stock repurchase plan on Tuesday, April 11th 2017, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 37.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings results on Tuesday, August, 28th. The technology retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. The technology retailer earned $9.38 billion during the quarter, compared to analyst estimates of $9.25 billion. Best Buy had a net margin of 2.44% and a return on equity of 40.28%. Best Buy's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Thursday, November, 15th 2018. View Earnings Estimates for Best Buy.

Best Buy updated its FY19 earnings guidance on Tuesday, August, 28th. The company provided earnings per share guidance of $4.95-5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.02. The company issued revenue guidance of $42.3-42.7 billion, compared to the consensus revenue estimate of $42.29 billion.Best Buy also updated its Q3 guidance to $0.79-0.84 EPS.

18 brokerages have issued 1 year target prices for Best Buy's shares. Their forecasts range from $65.00 to $92.00. On average, they anticipate Best Buy's stock price to reach $80.2667 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets 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, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

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

Best Buy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.05%), BlackRock Inc. (6.23%), Bank of New York Mellon Corp (2.12%), Bank of New York Mellon Corp (2.12%), Renaissance Technologies LLC (1.89%) and Northern Trust Corp (1.35%). 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 Massachusetts Financial Services Co. MA, FMR LLC, Morgan Stanley, BlackRock Inc., American Century Companies Inc., Bank of America Corp DE, Dimensional Fund Advisors LP and Millennium Management 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 Marshall Wace LLP, Janus Henderson Group PLC, LSV Asset Management, OppenheimerFunds Inc., Schwab Charles Investment Management Inc., Tyvor Capital LLC, Worldquant Millennium Quantitative Strategies LLC and WBI Investments Inc.. 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 $80.64.

Best Buy has a market capitalization of $22.14 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.

The official website for Best Buy is http://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]