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. Since then, BBY stock has increased by 29.9% and is now trading at $84.90. 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) posted its quarterly earnings results 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 had revenue of $8.56 billion for 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. View Best Buy's earnings history.

Best Buy declared a quarterly dividend on Friday, May 22nd. Stockholders 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 2.59%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

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

20 equities research analysts have issued 12 month price objectives for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they anticipate Best Buy's share 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 articles about BBY stock have trended somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Best Buy earned a news impact score of -1.2 on InfoTrie's scale. They also assigned headlines about the technology retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. 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 volume of 2,910,000 shares, the short-interest ratio is currently 2.5 days. Currently, 3.1% of the company's stock are sold short. View Best Buy's Current Options Chain.

Some companies that are related to Best Buy include 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), 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 a variety of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.15%), Envestnet Asset Management Inc. (0.11%), Hexavest Inc. (0.06%), Manning & Napier Group LLC (0.05%), State of Alaska Department of Revenue (0.04%) and Mount Yale Investment Advisors LLC (0.03%). 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 Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Exane Derivatives, Manning & Napier Group LLC, 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 bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Mount Yale Investment Advisors LLC, Envestnet Asset Management Inc., Abner Herrman & Brock LLC, First National Bank of Mount Dora Trust Investment Services, HNP Capital LLC, Contravisory Investment Management Inc., and Diversified Trust Co. 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 $84.90.

Best Buy has a market capitalization of $21.86 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]