NYSE:BBYBest Buy Stock Price, Forecast & News

Best Buy's stock was trading at $65.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BBY stock has decreased by 2.5% and is now trading at $63.74. View which stocks have been mosted impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 8 hold ratings and 9 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, May 28th 2020. View our earnings forecast for Best Buy.

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings results on Thursday, February, 27th. The technology retailer reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.15. The technology retailer had revenue of $15.20 billion for the quarter, compared to analysts' expectations of $15.05 billion. Best Buy had a net margin of 3.53% and a return on equity of 49.17%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.72 EPS. View Best Buy's earnings history.

Best Buy declared a quarterly dividend on Thursday, February 27th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.55 per share on Thursday, April 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, March 18th. This is a boost from Best Buy's previous quarterly dividend of $0.50. View Best Buy's dividend history.

Best Buy announced that its Board of Directors has approved a stock buyback program on Wednesday, February 27th 2019, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Best Buy issued an update on 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.

17 brokerages have issued 1-year target prices for Best Buy's stock. Their forecasts range from $55.00 to $105.00. On average, they anticipate Best Buy's stock price to reach $83.31 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price. View analysts' price targets for Best Buy.

Media coverage about BBY stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog 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 -3.3 on InfoTrie's scale. They also assigned news articles about the technology retailer a news buzz of 0.0 out of 10, meaning 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 March. As of March 13th, there was short interest totaling 6,870,100 shares, an increase of 25.1% from the February 27th total of 5,490,000 shares. Based on an average trading volume of 2,410,000 shares, the short-interest ratio is presently 2.9 days. Approximately 3.1% of the company's shares are short sold. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include TJX Companies (TJX), Booking (BKNG), Target (TGT), Pinduoduo (PDD), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), Walgreens Boots Alliance (WBA), SEVEN & I HOLDI/ADR (SVNDY), ITOCHU CORP/ADR (ITOCY), Tesco (TSCDY), Ross Stores (ROST), Mercadolibre (MELI), Kroger (KR), eBay (EBAY) and COMPASS GRP PLC/S (CMPGY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Best Buy investors own include Intel (INTC), NVIDIA (NVDA), Home Depot (HD), Bank of America (BAC), Cisco Systems (CSCO), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU) and AT&T (T).

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 investors include State of Alaska Department of Revenue (0.05%), First National Bank of Mount Dora Trust Investment Services (0.01%), Pensionfund DSM Netherlands (0.01%), Pensionfund Sabic (0.01%), CLARET ASSET MANAGEMENT Corp (0.01%) and IBM Retirement Fund (0.00%). 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 Pensionfund DSM Netherlands, and CLARET ASSET MANAGEMENT Corp. 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 State of Alaska Department of Revenue, First National Bank of Mount Dora Trust Investment Services, IBM Retirement Fund, Fulton Bank N.A., and Pensionfund Sabic. 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 $63.74.

Best Buy has a market capitalization of $16.49 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. View additional information about Best Buy.

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]