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. Stockholders 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 dividend yield of 2.63%. View Best Buy's Dividend History.

Best Buy declared that its Board of Directors has approved a stock repurchase program 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 repurchase up to 37.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings data on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The technology retailer had revenue of $9.11 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company 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 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 analysts have issued twelve-month price objectives for Best Buy's shares. Their forecasts range from $47.00 to $87.00. On average, they expect 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 trading volume of 2,863,618 shares, the days-to-cover ratio is presently 9.0 days. Approximately 10.6% of the company's stock are short sold.

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 been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Best Buy earned a news impact score of 0.19 on Accern's scale. They also assigned news stories about the technology retailer an impact score of 45.52 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Best Buy's stock is owned by many different 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 purchased 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]