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. Investors 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 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 13th. View Best Buy's Dividend History.

Best Buy announced that its Board of Directors has authorized a share buyback program on Tuesday, April 11th 2017, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 37.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings data on Thursday, May, 24th. The technology retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.08. The technology retailer earned $9.11 billion during the quarter, compared to the consensus estimate of $8.75 billion. Best Buy had a net margin of 2.39% and a return on equity of 36.16%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. 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 earnings per share 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 equities research analysts have issued 12-month target prices 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 year. This suggests that the stock has a possible downside of 3.9%. 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), COMPAGNIE FINAN/ADR (CFRUY), JD.Com (JD), Target (TGT), SEVEN & I HOLDI/ADR (SVNDY), COMPASS Grp PLC/S (CMPGY), eBay (EBAY), Ross Stores (ROST) and ITOCHU Corp/ADR (ITOCY).

News stories about BBY stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Best Buy earned a news impact score of 0.07 on Accern's scale. They also assigned press coverage about the technology retailer an impact score of 47.13 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect 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 James Investment Research Inc. (0.22%), Bank of Montreal Can (0.17%), Scout Investments Inc. (0.11%), Pendal Group Ltd (0.08%), Retirement Systems of Alabama (0.07%) and NN Investment Partners Holdings N.V. (0.07%). 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., Sit Investment Associates Inc., Hartford Investment Management Co., Empowered Funds LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, JNBA Financial Advisors, Retirement Systems of Alabama and Empirical Finance 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 Cornerstone Wealth Management LLC, Bank of Montreal Can, Pendal Group Ltd, NN Investment Partners Holdings N.V., Atria Investments LLC, CENTRAL TRUST Co, IFM Investors Pty Ltd and Bristol 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 $76.11.

Best Buy has a market capitalization of $21.26 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]