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 (WHO). Since then, BBY shares have increased by 34.2% and is now trading at $87.70. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 8 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) posted its earnings results on Thursday, May, 21st. The technology retailer reported $0.67 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to analyst estimates of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. View Best Buy's earnings history.

Best Buy announced a quarterly dividend on Friday, May 22nd. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

Best Buy announced that its board has initiated 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 repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

20 Wall Street analysts have issued 1-year price objectives 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 year. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Best Buy.

Media headlines about BBY stock have been trending negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Best Buy earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories about the technology retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Best Buy.

Best Buy saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,170,000 shares, an increase of 17.3% from the June 15th total of 6,110,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.1% of the shares of the company are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include JD.Com (JD), Starbucks (SBUX), INDUSTRIA DE DI/ADR (IDEXY), CVS Health (CVS), CHRISTIAN DIOR/ADR (CHDRY), Booking (BKNG), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), TJX Companies (TJX), Target (TGT), Mercadolibre (MELI), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), eBay (EBAY) and Walgreens Boots Alliance (WBA). 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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), HNP Capital LLC (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Modus Advisors LLC (0.00%). Company insiders that own Best Buy stock include Allison Peterson, 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 State of Alaska Department of Revenue, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Richard M Schulze, and Todd G Hartman. View insider buying and selling activity for Best Buy.

BBY stock was acquired by a variety of institutional investors in the last quarter, including HNP Capital LLC, and Modus Advisors LLC. 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 $87.70.

Best Buy has a market capitalization of $22.58 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]