NYSE:BBY - Best Buy Stock Price, Price Target & More

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 given a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has authorized a share repurchase plan on Tuesday, April 11th 2017, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 37.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings results on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The technology retailer had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.75 billion. Best Buy had a return on equity of 32.68% and a net margin of 2.37%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. View Best Buy's Earnings History.

Best Buy updated its FY19 earnings guidance on Thursday, May, 24th. The company provided earnings per share (EPS) guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus earnings per share 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.

20 equities research analysts have issued 1 year price targets for Best Buy's stock. Their predictions range from $47.00 to $87.00. On average, they anticipate Best Buy's share price to reach $70.5882 in the next year. View Analyst Ratings for Best Buy.

Best Buy saw a decrease in short interest during the month of April. As of April 30th, there was short interest totalling 25,758,719 shares, a decrease of 15.1% from the April 13th total of 30,335,562 shares. Based on an average daily trading volume, of 2,863,618 shares, the short-interest ratio is presently 9.0 days. Currently, 10.6% of the company's shares are sold short.

Some companies that are related to Best Buy include Starbucks (SBUX), Lowe's (LOW), Kering (PPRUY), CVS Health (CVS), Walgreens Boots Alliance (WBA), TJX Companies (TJX), Richemont (CFRUY), Walmart de México y Centroamérica (WMMVY), JD.Com (JD), Seven & I (SVNDY), Target (TGT), eBay (EBAY), Compass Group (CMPGY), Itochu (ITOCY) and Ross Stores (ROST).

Headlines about BBY stock have trended positive recently, Accern Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy earned a daily sentiment score of 0.28 on Accern's scale. They also assigned press coverage about the technology retailer an impact score of 44.41 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Best Buy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.43%), Northern Trust Corp (1.36%), Massachusetts Financial Services Co. MA (1.05%), Dimensional Fund Advisors LP (1.07%), OppenheimerFunds Inc. (1.03%) and LSV Asset Management (0.82%). 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 BlackRock Inc., Dimensional Fund Advisors LP, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Royal Bank of Canada, Schwab Charles Investment Management Inc. and Massachusetts Financial Services Co. MA. 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 bought by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Mackay Shields LLC, Millennium Management LLC, Russell Investments Group Ltd., Scout Investments Inc., Wedge Capital Management L L P NC, Carillon Tower Advisers Inc. and Stevens Capital Management LP. 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 $68.45.

Best Buy has a market capitalization of $21.41 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]