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 stock has increased by 17.7% and is now trading at $76.92. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 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) issued its quarterly earnings data on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.26. The technology retailer had revenue of $8.56 billion for 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 company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. View Best Buy's earnings history.

Best Buy declared a quarterly dividend on Friday, May 22nd. Shareholders 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 dividend yield of 2.86%. 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 program on Wednesday, February 27th 2019, which authorizes the company to repurchase $3,000,000,000.00 in outstanding 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 programs are usually a sign that the company's board of directors believes its stock is undervalued.

Best Buy updated its FY21 earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of $6.10-6.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.03. The company issued revenue guidance of 43.3-44.3 billion, compared to the consensus revenue estimate of $44.03 billion.

21 Wall Street analysts have issued 12 month target prices 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 a possible upside of 13.0% from the stock's current price. View analysts' price targets for Best Buy.

News stories about BBY stock have trended negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Best Buy earned a news impact score of -2.1 on InfoTrie's scale. They also assigned 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 future. View the latest news aboutBest Buy.

Best Buy saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,150,000 shares, an increase of 51.8% from the April 15th total of 4,710,000 shares. Based on an average trading volume of 2,910,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.1% of the company's shares are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include INDUSTRIA DE DI/ADR (IDEXY), Pinduoduo (PDD), JD.Com (JD), Booking (BKNG), TJX Companies (TJX), Target (TGT), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), Mercadolibre (MELI), Walgreens Boots Alliance (WBA), Ross Stores (ROST), ITOCHU CORP/ADR (ITOCY) and eBay (EBAY). 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.22%), State Street Corp (4.37%), JPMorgan Chase & Co. (2.96%), AQR Capital Management LLC (1.57%), Janus Henderson Group PLC (1.51%) and Geode Capital Management LLC (1.48%). Company insiders that own Best Buy stock include 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 Invesco Ltd., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, American International Group Inc., Eaton Vance Management, Bank of New York Mellon Corp, and Two Sigma Investments LP. Company insiders that have sold Best Buy company stock in the last year include Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Victor Kathy J Higgins. View insider buying and selling activity for Best Buy.

BBY stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AQR Capital Management LLC, Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., BlackRock Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Deutsche Bank AG. 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 $76.92.

Best Buy has a market capitalization of $19.81 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]