NYSE:BBY - Best Buy Stock Price, News, & Analysis

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$69.95 +1.11 (+1.61 %)

(As of 05/22/2019 07:31 AM ET)

Previous Close$68.84

Today's Range$68.50 - $70.24

52-Week Range$47.72 - $84.37

Volume2.62 million shs

Average Volume3.21 million shs

Market Capitalization$18.74 billion

P/E Ratio13.15

Dividend Yield2.91%

Beta0.94

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide Computing and Mobile Phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, such as dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, and vacuums; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods. In addition, it provides services comprising consultation, design, delivery, installation, memberships, protection plans, repair, set-up, and technical support services, as well as connected health services for aging consumers. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. As of February 2, 2019, it had approximately 1,187 large-format and 51 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry Radio, television, & electronic stores

Sub-IndustryComputer & Electronics Retail

SectorRetail/Wholesale

Current SymbolNYSE:BBY

Previous Symbol

CUSIP08651610

CIK764478

Webhttp://www.bestbuy.com/

Phone612-291-1000

Debt

Debt-to-Equity Ratio0.40

Current Ratio1.18

Quick Ratio0.46

Price-To-Earnings

Trailing P/E Ratio13.15

Forward P/E Ratio12.36

P/E Growth1.38

Sales & Book Value

Annual Sales$42.88 billion

Price / Sales0.44

Cash Flow$8.5513 per share

Price / Cash Flow8.18

Book Value$12.28 per share

Price / Book5.70

Profitability

EPS (Most Recent Fiscal Year)$5.32

Net Income$1.46 billion

Net Margins3.41%

Return on Equity46.33%

Return on Assets11.52%

Miscellaneous

Employees125,000

Outstanding Shares267,916,000

Market Cap$18.74 billion

Next Earnings Date5/23/2019 (Confirmed)

OptionableOptionable

Best Buy (NYSE:BBY) Frequently Asked Questions

What is Best Buy's stock symbol?

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

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

Best Buy declared a quarterly dividend on Wednesday, February 27th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.50 per share on Wednesday, April 10th. This represents a $2.00 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, March 19th. This is a positive change from Best Buy's previous quarterly dividend of $0.45. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its board has authorized a share repurchase plan on Wednesday, February 27th 2019, which authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings results on Wednesday, February, 27th. The technology retailer reported $2.72 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.57 by $0.15. The technology retailer earned $14.80 billion during the quarter, compared to analysts' expectations of $14.69 billion. Best Buy had a return on equity of 46.33% and a net margin of 3.41%. Best Buy's revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. View Best Buy's Earnings History.

When is Best Buy's next earnings date?

Best Buy is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for Best Buy.

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

Best Buy will be holding an earnings conference call on Thursday, May 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Best Buy issued an update on its FY20 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $5.45-5.65 for the period, compared to the Thomson Reuters consensus estimate of $5.48. The company issued revenue guidance of $42.9-43.9 billion, compared to the consensus revenue estimate of $43.39 billion.Best Buy also updated its Q1 guidance to $0.83-0.88 EPS.

What price target have analysts set for BBY?

18 analysts have issued twelve-month price objectives for Best Buy's stock. Their forecasts range from $50.00 to $90.00. On average, they anticipate Best Buy's share price to reach $77.8750 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Best Buy.

What are Wall Street analysts saying about Best Buy stock?

Here are some recent quotes from research analysts about Best Buy stock:

1. Wedbush analysts commented, "JCP reports 1Q results BMO on 5/21. The company was not immune to the cold weather/ calendar shift headwinds and we expect soft metrics overall with possible offset on merchandise margin pressure after clearing non-core and low-margin merchandise in 4Q. The company started 1Q with inventory down 13%, considerably lower than sales that were down 8% in 4Q. We do not expect a significant contribution to sales from exiting the major appliance business because inventory was limited to floor samples. Our checks indicate that the majority of the floor samples in categories were sold and the floor space re-purposed." (5/17/2019)
2. According to Zacks Investment Research, "Best Buy’s extensive investments to upgrade operations with special focus on developing omni-channel capabilities, supply chain and cost reduction opportunities coupled with strengthening partnership with vendors bode well. The company’s “Best Buy 2020: Building the New Blue” program aims to explore growth opportunities and optimize cost. These efforts have helped the stock to outpace the industry in the past three months and continue post upbeat results, as evident from fourth-quarter fiscal 2019 performance. This prompted management to provide an encouraging fiscal 2020 view. Going forward management sees opportunity in areas including lease-to-own program, mobile devices, smart home technology and digital health. However, higher cost of investments in technology and wages and increased transportation costs may hurt margins. Best Buy expects SG&A expenses to rise in the low single-digits in fiscal 2020." (4/30/2019)

Has Best Buy been receiving favorable news coverage?

Media coverage about BBY stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Best Buy earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the technology retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of Best Buy's key competitors?

Some companies that are related to Best Buy include KERING S A/ADR (PPRUY), CVS Health (CVS), TJX Companies (TJX), Wal-mart de Mexico S A B de C V (WMMVY), Walgreens Boots Alliance (WBA), COMPAGNIE FINAN/ADR (CFRUY), Target (TGT), COMPASS GRP PLC/S (CMPGY), Ross Stores (ROST), JD.Com (JD), eBay (EBAY), Dollar General (DG), Yum! Brands (YUM), SEVEN & I HOLDI/ADR (SVNDY) and Mercadolibre (MELI).

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 Intel (INTC), Netflix (NFLX), NVIDIA (NVDA), Alibaba Group (BABA), Citigroup (C), Cisco Systems (CSCO), Bank of America (BAC), Home Depot (HD), Starbucks (SBUX) and Twitter (TWTR).

Who are Best Buy's key executives?

Best Buy's management team includes the folowing people:

Mr. Hubert Joly, Chairman & CEO (Age 60)
Ms. Corie Sue Barry, CFO & Chief Strategic Transformation Officer (Age 44)
Mr. Keith J. Nelsen, Advisor (Age 55)
Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 51)
Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 48)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (8.87%), BlackRock Inc. (6.50%), Northern Trust Corp (1.36%), OppenheimerFunds Inc. (1.35%), LSV Asset Management (1.30%) and Geode Capital Management LLC (1.30%). Company insiders that own Best Buy stock include Asheesh Saksena, Brian A Tilzer, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze and Shari L Ballard. 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 AQR Capital Management LLC, Janus Henderson Group PLC, MERIAN GLOBAL INVESTORS UK Ltd, Morgan Stanley, Assenagon Asset Management S.A., Skandinaviska Enskilda Banken AB publ , OppenheimerFunds Inc. and Swedbank. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan and Richard M Schulze. View Insider Buying and Selling for Best Buy.

Which major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including Conning Inc., Renaissance Technologies LLC, Charles Schwab Investment Management Inc., Schonfeld Strategic Advisors LLC, BlackRock Inc., Maverick Capital Ltd., Spark Investment Management LLC and Marshall Wace LLP. View Insider Buying and Selling for Best Buy.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $69.95.

How big of a company is Best Buy?

Best Buy has a market capitalization of $18.74 billion and generates $42.88 billion in revenue each year. The technology retailer earns $1.46 billion in net income (profit) each year or $5.32 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.

What is Best Buy's official website?

The official website for Best Buy is http://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 or via email at [email protected]

MarketBeat Community Rating for Best Buy (NYSE BBY)

Community Ranking:		3.1 out of 5 ( )
Outperform Votes:		1,363 (Vote Outperform)
Underperform Votes:		830 (Vote Underperform)
Total Votes:		2,193

MarketBeat's community ratings are surveys of what our community members think about Best Buy and other stocks. Vote "Outperform" if you believe BBY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BBY will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 5/22/2019 by MarketBeat.com Staff