NYSE:BBYBest Buy Stock Price, Forecast & News

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BBY shares have increased by 34.2% and is now trading at $87.70. 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 results on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.26. The technology retailer had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.26 billion. Best Buy had a return on equity of 45.89% and a net margin of 3.33%. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. 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 given a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.51%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

Best Buy declared that its board has initiated a stock repurchase plan on Wednesday, February 27th 2019, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

20 Wall Street analysts have issued twelve-month price targets for Best Buy's shares. 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 that the stock has a possible downside of 0.9%. View analysts' price targets for Best Buy.

News headlines about BBY stock have been trending negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Best Buy earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the technology retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Best Buy.

Best Buy saw a increase in short interest in 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 trading volume of 2,910,000 shares, the short-interest ratio is presently 2.5 days. Currently, 3.1% of the company's stock are short sold. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include JD.Com (JD), Starbucks (SBUX), INDUSTRIA DE DI/ADR (IDEXY), CVS Health (CVS), CHRISTIAN DIOR/ADR (CHDRY), KERING S A/ADR (PPRUY), Booking (BKNG), COMPAGNIE FINAN/ADR (CFRUY), TJX Companies (TJX), Target (TGT), Mercadolibre (MELI), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), eBay (EBAY) and Walgreens Boots Alliance (WBA). 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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), HNP Capital LLC (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Modus Advisors LLC (0.00%). 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, 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 bought by a variety of institutional investors in the last quarter, including HNP Capital 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 $87.70.

Best Buy has a market capitalization of $22.58 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]