NYSE:BBY - Best Buy Stock Price, News, & Analysis

Best Buy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBY."

Best Buy announced a quarterly dividend on Wednesday, November 21st. Stockholders of record on Tuesday, December 11th will be given a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, December 10th. View Best Buy's Dividend History.

Best Buy announced that its Board of Directors has initiated a stock repurchase program 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 reacquire up to 37.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings results on Tuesday, August, 28th. The technology retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.08. The technology retailer earned $9.38 billion during the quarter, compared to analysts' expectations of $9.25 billion. Best Buy had a net margin of 2.52% and a return on equity of 44.41%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. View Best Buy's Earnings History.

Best Buy is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Best Buy.

Best Buy will be holding an earnings conference call on Wednesday, February 27th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

16 Wall Street analysts have issued 1-year price objectives for Best Buy's stock. Their predictions range from $50.00 to $90.00. On average, they anticipate Best Buy's share price to reach $75.2667 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Best Buy.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

News stories about BBY stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news 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 positive five, with scores closest to five being the most favorable. Best Buy earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned media coverage about the technology retailer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Some companies that are related to Best Buy include TJX Companies (TJX), Wal-mart de Mexico S A B de C V (WMMVY), SEVEN & I HOLDI/ADR (SVNDY), Target (TGT), COMPAGNIE FINAN/ADR (CFRUY), COMPASS GRP PLC/S (CMPGY), Ross Stores (ROST), eBay (EBAY), Dollar General (DG), Pinduoduo (PDD), O'Reilly Automotive (ORLY), ITOCHU CORP/ADR (ITOCY), Yum! Brands (YUM), JD.Com (JD) and Kroger (KR).

Best Buy's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.36%), Bank of New York Mellon Corp (2.11%), Northern Trust Corp (1.51%), Geode Capital Management LLC (1.35%), LSV Asset Management (1.29%) and APG Asset Management N.V. (1.29%). 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, 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 MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, Prudential Financial Inc., Massachusetts Financial Services Co. MA, James Investment Research Inc., Hancock Whitney Corp, Pendal Group Ltd and Stifel Financial Corp. 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 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 Oregon Public Employees Retirement Fund, PGGM Investments, Swedbank, Assenagon Asset Management S.A., Northern Trust Corp, State Treasurer State of Michigan, Polaris Greystone Financial Group LLC and AMF Pensionsforsakring AB. 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 $60.26.

Best Buy has a market capitalization of $16.22 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.

The official website for Best Buy is http://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]