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. Stockholders of record on Thursday, June 14th will be given a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, June 13th. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 11th 2017, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 37.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) posted its quarterly earnings data on Thursday, May, 24th. The technology retailer reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The technology retailer earned $9.11 billion during the quarter, compared to analysts' expectations of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. Best Buy's quarterly revenue was up 6.8% on a year-over-year basis. During the same period 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 EPS guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus EPS 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.

18 Wall Street analysts have issued 12-month price objectives for Best Buy's stock. Their forecasts range from $48.00 to $87.00. On average, they anticipate Best Buy's share price to reach $73.1333 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Ratings 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, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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

News stories about BBY stock have trended somewhat negative recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Best Buy earned a media sentiment score of -0.06 on Accern's scale. They also assigned news stories about the technology retailer an impact score of 47.53 out of 100, meaning that recent news 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 variety of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.17%), Scout Investments Inc. (0.11%), NN Investment Partners Holdings N.V. (0.07%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), Manning & Napier Group LLC (0.03%) and Capital One National Association (0.02%). 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 Clinton Group Inc., Empowered Funds LLC, Empirical Finance LLC, DnB Asset Management AS, Scout Investments Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, Legacy Private Trust Co. and Manning & Napier Group 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 purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, NN Investment Partners Holdings N.V., Atria Investments LLC, CENTRAL TRUST Co, IFM Investors Pty Ltd, Bristol Advisors LLC, Raymond James Trust N.A. and Capital Investment Advisors LLC. 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 $75.48.

Best Buy has a market capitalization of $21.20 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]