Best Buy Co. (NYSE:BBY) announced a quarterly dividend on Thursday, November 21st, StockRatingsNetwork.com reports. Shareholders of record on Tuesday, December 10th will be paid a dividend of 0.17 per share on Wednesday, December 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, December 6th.
A number of research firms have recently commented on BBY. Analysts at UBS AG cut their price target on shares of Best Buy Co. from $49.00 to $48.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Best Buy Co. from $43.00 to $46.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Best Buy Co. from $40.00 to $48.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.95.
Best Buy Co. (NYSE:BBY) opened at 39.07 on Friday. Best Buy Co. has a one year low of $11.20 and a one year high of $44.66. The stock’s 50-day moving average is $41.46 and its 200-day moving average is $33.56. The company’s market cap is $13.343 billion.
Best Buy Co. (NYSE:BBY) last released its earnings data on Tuesday, November 19th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.07. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter last year, the company posted $0.03 earnings per share. Best Buy Co.’s revenue was down .2% compared to the same quarter last year. Analysts expect that Best Buy Co. will post $2.43 EPS for the current fiscal year.
Best Buy Co, Inc is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services.
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