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Best Buy (BBY) Stock Forecast, Price & News

$76.04
-8.46 (-10.01%)
(As of 05/18/2022 12:28 PM ET)
Add
Compare
Today's Range
$74.84
$81.00
50-Day Range
$83.79
$101.84
52-Week Range
$81.79
$141.97
Volume
328,286 shs
Average Volume
2.21 million shs
Market Capitalization
$17.11 billion
P/E Ratio
7.73
Dividend Yield
4.08%
Beta
1.42
30 days | 90 days | 365 days | Advanced Chart
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Best Buy logo

About Best Buy

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Headlines

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Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
105,000
Year Founded
1966

Sales & Book Value

Annual Sales
$51.76 billion
Cash Flow
$12.32 per share
Book Value
$12.55 per share

Profitability

Net Income
$2.45 billion
Pretax Margin
5.84%

Debt

Price-To-Earnings

Miscellaneous

Free Float
224,158,000
Market Cap
$17.11 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/03/2022
Ex-Dividend for 4/14 Dividend
3/23/2022
Dividend Payable
4/14/2022
Today
5/18/2022
Next Earnings (Confirmed)
5/24/2022
Fiscal Year End
1/31/2023

Social Links


MarketRank

Overall MarketRank

4.29 out of 5 stars

Retail/Wholesale Sector

1st out of 284 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 5.0Insider Behavior: 3.3Valuation: 3.8 5 -4 -3 -2 -1 -













Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Best Buy stock.
View analyst ratings for Best Buy
or view top-rated stocks.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, May 24th 2022.
View our earnings forecast for Best Buy
.

How can I listen to Best Buy's earnings call?

Best Buy will be holding an earnings conference call on Tuesday, May 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) issued its earnings results on Thursday, March, 3rd. The technology retailer reported $2.73 EPS for the quarter, hitting the consensus estimate of $2.73. The technology retailer had revenue of $16.37 billion for the quarter, compared to analysts' expectations of $16.54 billion. Best Buy had a trailing twelve-month return on equity of 63.23% and a net margin of 4.74%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.48 EPS.
View Best Buy's earnings history
.

How often does Best Buy pay dividends? What is the dividend yield for Best Buy?

Best Buy declared a quarterly dividend on Friday, March 4th. Shareholders of record on Thursday, March 24th will be given a dividend of $0.88 per share on Thursday, April 14th. This represents a $3.52 annualized dividend and a yield of 4.63%. The ex-dividend date is Wednesday, March 23rd. This is an increase from Best Buy's previous quarterly dividend of $0.70.
View Best Buy's dividend history
.

Is Best Buy a good dividend stock?

Best Buy pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.08%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Best Buy has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Best Buy is 35.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 33.36% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

What guidance has Best Buy issued on next quarter's earnings?

Best Buy issued an update on its FY 2023 earnings guidance on Thursday, March, 31st. The company provided earnings per share guidance of $8.850-$9.150 for the period, compared to the consensus EPS estimate of $9.160. The company issued revenue guidance of $49.30 billion-$50.80 billion, compared to the consensus revenue estimate of $51.05 billion.

What price target have analysts set for BBY?

14 brokerages have issued 12-month price targets for Best Buy's shares. Their forecasts range from $80.00 to $155.00. On average, they anticipate Best Buy's stock price to reach $117.00 in the next twelve months. This suggests a possible upside of 53.9% from the stock's current price.
View analysts' price targets for Best Buy
or view top-rated stocks among Wall Street analysts.

Who are Best Buy's key executives?
Best Buy's management team includes the following people:
  • Ms. Corie Sue Barry, CEO & Director (Age 47, Pay $3.33M) (LinkedIn Profile)
  • Mr. Matthew M. Bilunas, Exec. VP & CFO (Age 49, Pay $1.89M) (LinkedIn Profile)
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 55, Pay $1.57M)
  • Ms. Kamy Scarlett, Exec. VP of HR & Best Buy Canada (Age 58, Pay $1.99M)
  • Mr. Richard M. Schulze, Founder & Chairman Emeritus (Age 81)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 51)
  • Mr. Brian A. Tilzer, Chief Digital, Analytics & Technology Officer (Age 51) (LinkedIn Profile)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Ms. Keri Grafing, Chief Compliance Officer
  • Mr. Frank Crowson, Chief Marketing Officer
What is Corie Barry's approval rating as Best Buy's CEO?

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.

Who are some of Best Buy's key competitors?
What other stocks do shareholders of Best Buy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Best Buy investors own include NVIDIA (NVDA), Intel (INTC), Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), Walt Disney (DIS), QUALCOMM (QCOM) and Alibaba Group (BABA).

What is Best Buy's stock symbol?

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

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.73%), BlackRock Inc. (9.51%), State Street Corp (4.44%), Charles Schwab Investment Management Inc. (1.65%), Northern Trust Corp (1.63%) and Dimensional Fund Advisors LP (1.11%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Hubert Joly, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Robert L Bass, Todd G Hartman, Todd G Hartman, Whitney L Alexander and Whitney L Alexander.
View institutional ownership trends for Best Buy
.

Which major investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Eaton Vance Management, BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Simplex Trading LLC, Alyeska Investment Group L.P., and Bahl & Gaynor Inc.. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Robert L Bass, and Todd G Hartman.
View insider buying and selling activity for Best Buy
or view top insider-selling stocks.

Which major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Invesco Ltd., Victory Capital Management Inc., Charles Schwab Investment Management Inc., SVB Wealth LLC, AEGON ASSET MANAGEMENT UK Plc, HS Management Partners LLC, and Northern Trust Corp.
View insider buying and selling activity for Best Buy
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $76.04.

How much money does Best Buy make?

Best Buy has a market capitalization of $17.11 billion and generates $51.76 billion in revenue each year. The technology retailer earns $2.45 billion in net income (profit) each year or $9.84 on an earnings per share basis.

How many employees does Best Buy have?

Best Buy employs 105,000 workers across the globe.

Does Best Buy have any subsidiaries?

The following companies are subsidiares of Best Buy: BBC Investment Co., BBC Property Co., BBY (Barbados) SRL, BBY (Mauritius I) Ltd., BBY (Mauritius II) Ltd., BBY (Mauritius III) Ltd., BBY Canada Finance LLC, BBY Global Connect (Mauritius I) Ltd., BBY Global Connect (Mauritius II) Ltd., BBY Holdings International Inc., BBY Networks Inc., BBY Services Inc., BBY Solutions Inc., Best Buy (AsiaPacific) Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE, Best Buy China, Best Buy China Holdings Ltd., Best Buy China Ltd., Best Buy Distributions Limited, Best Buy Enterprise Services Inc., Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance Inc., Best Buy Health Inc., Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.à r.l., Best Buy Product Protection Inc., Best Buy Puerto Rico Holdings LLC, Best Buy Purchasing LLC, Best Buy Shanghai Ltd., Best Buy Stores L.P., Best Buy Stores Puerto Rico LLC, Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com LLC, Best Buy Warehousing Logistics LLC, BestBuy.com LLC, CCL Insurance Company, CP Gal Richfield LLC, Critical Signal Technologies, Current Health Ltd., Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc., GTL Incorporated, Geek Squad, Jiangsu Five Star Appliance, Lily Solar Lesse LLC, Little Bear Master Tenant LLC, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC, Musicland Stores Corporation, Napster, Nichols Distribution LLC, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, and mindSHIFT Technologies.

When was Best Buy founded?

Best Buy was founded in 1966.

What is Best Buy's official website?

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

How can I contact Best Buy?

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, via email at [email protected], or via fax at 612-292-4001.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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