NYSE:BBYBest Buy Stock Price, Forecast & News

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BBY stock has increased by 33.8% and is now trading at $87.45. 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) announced its earnings results on Thursday, May, 21st. The technology retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to analysts' expectations of $8.26 billion. Best Buy had a return on equity of 45.89% and a net margin of 3.33%. The company's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. 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 given a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

Best Buy declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 27th 2019, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

20 analysts have issued twelve-month price targets for Best Buy's stock. 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 twelve months. This suggests that the stock has a possible downside of 0.6%. View analysts' price targets for Best Buy.

Media stories about BBY stock have trended neutral this week, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Best Buy earned a news impact score of 0.5 on InfoTrie's scale. They also assigned media coverage about the technology retailer a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news about Best Buy.

Best Buy saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,110,000 shares, a drop of 5.3% from the May 31st total of 6,450,000 shares. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 1.9 days. Approximately 2.7% of the shares of the stock 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), KERING S A/ADR (PPRUY), Booking (BKNG), 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 retail and institutional investors. Top institutional shareholders include 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 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 bought by a variety of institutional investors in the last quarter, including 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 $87.45.

Best Buy has a market capitalization of $22.52 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]