S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
NYSE:BBY

Best Buy (BBY) Stock Price, News & Analysis

$76.00
-0.23 (-0.30%)
(As of 04/18/2024 ET)
Today's Range
$75.63
$77.32
50-Day Range
$72.92
$82.55
52-Week Range
$62.30
$86.11
Volume
1.66 million shs
Average Volume
3.03 million shs
Market Capitalization
$16.37 billion
P/E Ratio
13.36
Dividend Yield
4.95%
Price Target
$84.60

Best Buy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
11.3% Upside
$84.60 Price Target
Short Interest
Healthy
7.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.85mentions of Best Buy in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$4.21 M Sold Last Quarter
Proj. Earnings Growth
11.94%
From $6.03 to $6.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Retail/Wholesale Sector

10th out of 198 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

BBY stock logo

About Best Buy Stock (NYSE:BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone 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 products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as 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 delivery, installation, memberships, repair, set-up, technical support, health-related, 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, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

BBY Stock Price History

BBY Stock News Headlines

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Best Buy Co., Inc. (NYSE:BBY) Short Interest Update
Now Open: Crypto emergency update
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
Best Buy Co Inc BBY
Best Buy Remains Highly Vulnerable To E-Commerce
BBY Apr 2024 90.000 call
3 Large Retailers Set to Deliver Explosive Returns
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/11 Dividend
3/20/2024
Dividend Payable
4/11/2024
Today
4/19/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
85,000
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$84.60
High Stock Price Target
$101.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+11.3%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
3.73%

Debt

Sales & Book Value

Annual Sales
$43.45 billion
Cash Flow
$10.87 per share
Book Value
$14.17 per share

Miscellaneous

Free Float
214,175,000
Market Cap
$16.37 billion
Optionable
Optionable
Beta
1.49

Social Links

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BBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BBY shares. 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.
View BBY analyst ratings
or view top-rated stocks.

What is Best Buy's stock price target for 2024?

15 analysts have issued twelve-month price objectives for Best Buy's stock. Their BBY share price targets range from $65.00 to $101.00. On average, they expect the company's share price to reach $84.60 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for BBY
or view top-rated stocks among Wall Street analysts.

How have BBY shares performed in 2024?

Best Buy's stock was trading at $78.28 at the beginning of 2024. Since then, BBY stock has decreased by 2.9% and is now trading at $76.00.
View the best growth stocks for 2024 here
.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 14,720,000 shares, a drop of 6.5% from the March 15th total of 15,740,000 shares. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 7.6% of the shares of the company are short sold.
View Best Buy's Short Interest
.

When is Best Buy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings results on Thursday, February, 29th. The technology retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.51 by $0.21. The technology retailer earned $14.65 billion during the quarter, compared to analysts' expectations of $14.58 billion. Best Buy had a trailing twelve-month return on equity of 48.45% and a net margin of 2.86%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.61 earnings per share.
Read the conference call transcript
.

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

Best Buy announced a quarterly dividend on Thursday, February 29th. Investors of record on Thursday, March 21st will be paid a dividend of $0.94 per share on Thursday, April 11th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Wednesday, March 20th. This is an increase from the stock's previous quarterly dividend of $0.92.
Read our dividend analysis for BBY
.

Is Best Buy a good dividend stock?

Best Buy (NYSE:BBY) pays an annual dividend of $3.76 per share and currently has a dividend yield of 5.00%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 55.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

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

Best Buy issued an update on its FY 2025 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 5.750-6.200 for the period, compared to the consensus EPS estimate of 6.130. The company issued revenue guidance of $41.3 billion-$42.6 billion, compared to the consensus revenue estimate of $42.4 billion.

What is Corie Barry's approval rating as Best Buy's CEO?

1,251 employees have rated Best Buy Chief Executive Officer Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among the company's employees.

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).

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), AMF Tjanstepension AB (0.05%), Wealth Enhancement Advisory Services LLC (0.04%), State of Michigan Retirement System (0.03%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.03%) and Cullen Investment Group LTD. (0.03%). Insiders that own company stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Jason J Bonfig, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Robert L Bass and Todd G Hartman.
View institutional ownership trends
.

How do I buy shares of Best Buy?

Shares of BBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Best Buy have any subsidiaries?
The following companies are subsidiares of Best Buy: Current Health Inc. , Prospero II Master Tenant LLC, Lily Solar Lessee LLC, Little Bear Master Tenant LLC, Nichols Distribution LLC, Best Buy Stores Puerto Rico LLC, BBC Investment Co., BBC Property Co., BBY Canada Finance LLC, BBY Holdings International Inc., BBY Mauritius I Ltd., BBY Mauritius II Ltd., BBY Mauritius III Ltd., 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 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 Limited, Current Health Ltd., Dealtree, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc, GTL Incorporated , Geek Squad, Jiangsu Five Star Appliance, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC , Musicland Stores Corporation, Napster, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Swirl Networks, Two Peaks LLC 3, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, USB RETC Fund 2020-19 LLC, and mindSHIFT Technologies.
Read More
This page (NYSE:BBY) was last updated on 4/19/2024 by MarketBeat.com Staff

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