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 Friday, May 25th. Investors of record on Thursday, June 14th will be paid a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, June 13th. View Best Buy's Dividend History.

Best Buy announced that its Board of Directors has approved a share buyback plan on Tuesday, April 11th 2017, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 37.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) released its earnings results on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share for the quarter, topping the 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 firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior 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 Tuesday, August, 28th 2018. View Earnings Estimates for Best Buy.

Best Buy issued an update on 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 Wall Street analysts have issued 12 month target prices for Best Buy's shares. Their predictions range from $48.00 to $87.00. On average, they anticipate Best Buy's stock price to reach $73.7143 in the next twelve months. This suggests that the stock has a possible downside of 9.5%. View Analyst Price Targets 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, 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

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

Media headlines about BBY stock have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than 20 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 media and rumor sentiment score of 0.20 on Accern's scale. They also assigned news stories about the technology retailer an impact score of 46.08 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Best Buy.

Best Buy's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (8.05%), BlackRock Inc. (6.23%), Bank of New York Mellon Corp (2.12%), Renaissance Technologies LLC (1.89%), OppenheimerFunds Inc. (1.25%) and LSV Asset Management (1.12%). 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 Massachusetts Financial Services Co. MA, FMR LLC, Morgan Stanley, BlackRock Inc., American Century Companies Inc., Bank of America Corp DE, Dimensional Fund Advisors LP and Millennium Management 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 acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Janus Henderson Group PLC, LSV Asset Management, OppenheimerFunds Inc., Schwab Charles Investment Management Inc., Tyvor Capital LLC, Worldquant Millennium Quantitative Strategies LLC and WBI Investments Inc.. 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 $81.43.

Best Buy has a market capitalization of $21.93 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]