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 29.9% and is now trading at $84.93. 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) released its quarterly earnings data on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to the consensus estimate of $8.26 billion. Best Buy had a return on equity of 45.89% and a net margin of 3.33%. Best Buy's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business posted $1.02 earnings per share. View Best Buy's earnings history.

Best Buy declared a quarterly dividend on Friday, May 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, June 10th. View Best Buy's dividend history.

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

20 analysts have issued 12 month price targets for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they anticipate Best Buy's stock price to reach $87.40 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View analysts' price targets for Best Buy.

News stories about BBY stock have trended negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Best Buy earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the technology retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Best Buy.

Best Buy saw a increase in short interest during 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 currently 2.5 days. Approximately 3.1% of the company's shares are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include Starbucks (SBUX), CVS Health (CVS), INDUSTRIA DE DI/ADR (IDEXY), CHRISTIAN DIOR/ADR (CHDRY), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), Booking (BKNG), TJX Companies (TJX), Target (TGT), Mercadolibre (MELI), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), eBay (EBAY), Walgreens Boots Alliance (WBA) and ITOCHU CORP/ADR (ITOCY). 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 many different institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.11%), State of Alaska Department of Revenue (0.04%), Mount Yale Investment Advisors LLC (0.03%), DNB Asset Management AS (0.01%), First National Bank of Mount Dora Trust Investment Services (0.01%) and Legacy Private Trust Co. (0.01%). 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, DNB Asset Management AS, Legacy Private Trust Co., 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 Mount Yale Investment Advisors LLC, Envestnet Asset Management Inc., First National Bank of Mount Dora Trust Investment Services, HNP Capital LLC, Diversified Trust Co, Chesley Taft & Associates 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 $84.93.

Best Buy has a market capitalization of $21.87 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]