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NYSE:BBY

Best Buy (BBY) Stock Price, News & Analysis

$74.93
+0.81 (+1.09%)
(As of 09:52 AM ET)
Today's Range
$74.39
$74.95
50-Day Range
$70.94
$78.46
52-Week Range
$62.30
$85.40
Volume
122,875 shs
Average Volume
2.53 million shs
Market Capitalization
$16.14 billion
P/E Ratio
12.92
Dividend Yield
4.91%
Price Target
$77.43

Best Buy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.0% Upside
$77.43 Price Target
Short Interest
Bearish
8.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
1.38mentions of Best Buy in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$52.37 M Sold Last Quarter
Proj. Earnings Growth
1.95%
From $6.16 to $6.28 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.

3.93 out of 5 stars

Retail/Wholesale Sector

67th out of 208 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 and Canada. The company operates in two segments, Domestic 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, 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, 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.
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Company Calendar

Last Earnings
11/21/2023
Ex-Dividend for 1/2 Dividend
12/11/2023
Dividend Payable
1/02/2024
Today
2/22/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
90,000
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$77.43
High Stock Price Target
$90.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$1.42 billion
Pretax Margin
3.78%

Debt

Sales & Book Value

Annual Sales
$46.30 billion
Cash Flow
$11.49 per share
Book Value
$12.63 per share

Miscellaneous

Free Float
214,194,000
Market Cap
$15.97 billion
Optionable
Optionable
Beta
1.49

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BBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

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

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

14 Wall Street analysts have issued 1 year price objectives for Best Buy's shares. Their BBY share price targets range from $65.00 to $90.00. On average, they anticipate the company's share price to reach $77.43 in the next twelve months. This suggests a possible upside of 4.0% 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 on January 1st, 2024. Since then, BBY shares have decreased by 4.9% and is now trading at $74.44.
View the best growth stocks for 2024 here
.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 16,020,000 shares, an increase of 17.4% from the January 15th total of 13,650,000 shares. Based on an average daily trading volume, of 3,010,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 8.4% of the company's shares 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, February 29th 2024.
View our BBY earnings forecast
.

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

Best Buy will be holding an earnings conference call on Thursday, February 29th 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) released its earnings results on Tuesday, November, 21st. The technology retailer reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.10. The technology retailer earned $9.76 billion during the quarter, compared to analysts' expectations of $9.90 billion. Best Buy had a trailing twelve-month return on equity of 49.13% and a net margin of 2.93%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 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 Tuesday, November 21st. Shareholders of record on Tuesday, December 12th will be paid a dividend of $0.92 per share on Tuesday, January 2nd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Monday, December 11th.
Read our dividend analysis for BBY
.

Is Best Buy a good dividend stock?

Best Buy (NYSE:BBY) pays an annual dividend of $3.68 per share and currently has a dividend yield of 5.02%. 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 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 63.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 58.60% 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 2024 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 6.000-6.300 for the period, compared to the consensus EPS estimate of 6.200. The company issued revenue guidance of $43.1 billion-$43.7 billion, compared to the consensus revenue estimate of $44.2 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.72%), Charles Schwab Investment Management Inc. (2.08%), Price T Rowe Associates Inc. MD (1.37%), Dimensional Fund Advisors LP (1.30%), Federated Hermes Inc. (1.28%) and Northern Trust Corp (1.22%). Insiders that own company stock include Allison Peterson, Brian A Tilzer, Corie S Barry, 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 2/22/2024 by MarketBeat.com Staff