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. Since then, BBY shares have increased by 33.8% and is now trading at $87.45. 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) announced its quarterly earnings data on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to analysts' expectations of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. The business's revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. View Best Buy's earnings history.

Best Buy announced a quarterly dividend on Friday, May 22nd. Stockholders 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 dividend on an annualized basis and a yield of 2.52%. 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 authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

20 brokers have issued 1-year price objectives for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they anticipate Best Buy's stock price to reach $86.90 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View analysts' price targets for Best Buy.

Press coverage about BBY stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Best Buy earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media coverage about the technology retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news about Best Buy.

Best Buy saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,110,000 shares, a decline of 5.3% from the May 31st total of 6,450,000 shares. Based on an average trading volume of 3,150,000 shares, the short-interest ratio is presently 1.9 days. Currently, 2.7% of the shares of the stock are sold short. 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 shareholders include 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 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 purchased by a variety of institutional investors in the last quarter, including 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 $87.45.

Best Buy has a market capitalization of $22.52 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]