Best Buy Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 3 sell ratings, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Best Buy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBY, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Best Buy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Best Buy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, May 20th 2021.
View our earnings forecast for Best Buy.

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings results on Wednesday, February, 24th. The technology retailer reported $3.48 EPS for the quarter, topping the Zacks' consensus estimate of $3.46 by $0.02. The technology retailer earned $16.94 billion during the quarter, compared to analyst estimates of $17.19 billion. Best Buy had a trailing twelve-month return on equity of 52.17% and a net margin of 3.79%.
View Best Buy's earnings history.

Best Buy's stock was trading at $65.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BBY stock has increased by 80.8% and is now trading at $118.22.
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Best Buy declared a quarterly dividend on Thursday, February 25th. Stockholders of record on Thursday, March 18th will be given a dividend of $0.70 per share on Thursday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, March 17th. This is a positive change from Best Buy's previous quarterly dividend of $0.55.
View Best Buy's dividend history.

Best Buy pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.34%. Best Buy does not yet have a strock track record of dividend growth. The dividend payout ratio of Best Buy is 46.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 36.36% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

24 equities research analysts have issued 1-year target prices for Best Buy's stock. Their forecasts range from $84.00 to $135.00. On average, they anticipate Best Buy's share price to reach $110.86 in the next twelve months. This suggests that the stock has a possible downside of 6.2%.
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1,251 employees have rated Best Buy CEO Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among Best Buy's employees.

Some companies that are related to Best Buy include GOME Retail (GMELY), Conn's (CONN), Yosen Group (YOSN), hhgregg (HGGGQ) and DBUB Group (DBUB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Best Buy investors own include NVIDIA (NVDA), Intel (INTC), The Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), The Walt Disney (DIS), QUALCOMM (QCOM) and Alibaba Group (BABA).

Best Buy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBY."

Best Buy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.15%), Scout Investments Inc. (0.12%), State of Alaska Department of Revenue (0.04%), Royal London Asset Management Ltd. (0.03%), Pacer Advisors Inc. (0.03%) and Crossmark Global Holdings Inc. (0.02%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins and Whitney L Alexander.
View institutional ownership trends for Best Buy.

BBY stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., State of Alaska Department of Revenue, NuWave Investment Management LLC, Legacy Private Trust Co., Pensionfund Sabic, Carolina Wealth Advisors LLC, Crossmark Global Holdings Inc., and Redpoint Investment Management Pty Ltd. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Corie S Barry, Hubert Joly, Kathleen Scarlett, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
View insider buying and selling activity for Best Buy or view top insider-selling stocks.

BBY stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Scout Investments Inc., Fulcrum Capital LLC, CX Institutional, Iowa State Bank, Pacer Advisors Inc., FDx Advisors Inc., and TrimTabs Asset Management LLC.
View insider buying and selling activity for Best Buy or or view top insider-buying stocks.

Shares of BBY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BBY stock can currently be purchased for approximately $118.22.

Best Buy has a market capitalization of $29.56 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 61,200 workers across the globe.

The following companies are subsidiares of Best Buy: 6349021 Canada Ltd., Accessible Wireless LLC, BBC Investment, BBC Property Co., BBY (Mauritius II), BBY (Mauritius III), BBY Canada Finance, BBY Global Connect (Mauritius I), BBY Global Connect (Mauritius II), BBY Holdings International, BBY Networks, BBY Services, BBY Solutions, Best Buy (AsiaPacific) Limited, Best Buy Asia Pacific Regional Holdings Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE, Best Buy China, Best Buy China Holdings, Best Buy China Ltd., Best Buy China UK, Best Buy Connect, Best Buy Distributions Limited, Best Buy Enterprise Services, Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance, Best Buy Gov, Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.a.r.l., Best Buy Mobile (Nanjing) Management Consulting Co. Ltd., Best Buy Puerto Rico Holdings, Best Buy Purchasing LLC, Best Buy Shanghai, Best Buy Stores L.P., Best Buy Stores Puerto Rico, Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com, Best Buy Warehousing Logistics, BestBuy.com, CCL Insurance Company, CP Gal Richfield LLC, CPW Mobile Limited, CPWCO 16 Limited, Critical Signal Technologies Inc, Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, Five Star Trust, FutureGard Reinsurance Ltd., GC Buyer Inc., Geek Squad, Global Connect China, GreatCall, Jiangsu Five Star Appliance, Magnolia Hi-Fi, Magnolia Hi-Fi, Musicland Stores Corporation, Napster, New CPWM Limited, Nichols Distribution, Oval (2248) Limited, Pacific Sales, Pacific Sales Kitchen and Bath Centers, Partsearch Technologies, ProTheo III, ProTheo IV, ProTheo Inc., ProTheo V, Project Jaguar Inc., Retspan Deutschland GmbH, Retspan LLC, Speakeasy, Talkback, and mindSHIFT Technologies.

Best Buy was founded in 1966.

The official website for Best Buy is www.bestbuy.com.

Best Buy is headquartered at 7601 PENN AVE SOUTH, RICHFIELD MN, 55423.

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]