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

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$55.37 -0.56 (-1.00 %)
(As of 12/16/2018 04:00 PM ET)
Previous Close$55.37
Today's Range$55.06 - $57.40
52-Week Range$55.06 - $84.37
Volume5.22 million shs
Average Volume4.98 million shs
Market Capitalization$14.90 billion
P/E Ratio12.53
Dividend Yield3.25%
Beta1.02
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 consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; 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, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 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
Phone612-291-1000

Debt

Debt-to-Equity Ratio0.42
Current Ratio1.10
Quick Ratio0.28

Price-To-Earnings

Trailing P/E Ratio12.53
Forward P/E Ratio10.67
P/E Growth0.92

Sales & Book Value

Annual Sales$42.15 billion
Price / Sales0.35
Cash Flow$6.9823 per share
Price / Cash Flow7.93
Book Value$11.19 per share
Price / Book4.95

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Net Margins2.52%
Return on Equity44.41%
Return on Assets11.27%

Miscellaneous

Employees125,000
Outstanding Shares269,100,000
Market Cap$14.90 billion
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 announced a quarterly dividend on Wednesday, November 21st. Investors of record on Tuesday, December 11th will be given a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, December 10th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy announced that its board has authorized a share repurchase plan on Tuesday, April 11th 2017, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 37.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) posted its earnings results on Tuesday, November, 20th. The technology retailer reported $0.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.85 by $0.08. The technology retailer earned $9.59 billion during the quarter, compared to analysts' expectations of $9.56 billion. Best Buy had a return on equity of 44.41% and a net margin of 2.52%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.78 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, March 7th 2019. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY19 earnings guidance on Tuesday, November, 20th. The company provided earnings per share guidance of $5.09-5.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.11. The company issued revenue guidance of $42.5-42.9 billion, compared to the consensus revenue estimate of $42.74 billion.Best Buy also updated its FY 2019 guidance to $5.09-5.19 EPS.

What price target have analysts set for BBY?

15 Wall Street analysts have issued 12-month price targets for Best Buy's shares. Their predictions range from $65.00 to $90.00. On average, they anticipate Best Buy's stock price to reach $76.60 in the next year. This suggests a possible upside of 38.3% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

Has Best Buy been receiving favorable news coverage?

News stories about BBY stock have trended somewhat positive on Sunday, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Best Buy earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news articles about the technology retailer a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are some of Best Buy's key competitors?

Who are Best Buy's key executives?

Best Buy's management team includes the folowing people:
  • Mr. Hubert Joly, Chairman & CEO (Age 59)
  • Ms. Corie S. Barry, Sr. EVP and Chief Transformation & Fin. Officer (Age 43)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 54)
  • Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 50)
  • Ms. Shari L. Ballard, Advisor (Age 52)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.79%), Vanguard Group Inc (10.88%), FMR LLC (8.28%), BlackRock Inc. (6.26%), AQR Capital Management LLC (3.11%) and Bank of New York Mellon Corp (2.37%). Company insiders that own Best Buy stock include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard and Victor Kathy J Higgins. View Institutional Ownership Trends for Best Buy.

Which institutional investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP, American Century Companies Inc., Panagora Asset Management Inc., Wells Fargo & Company MN, Mitsubishi UFJ Trust & Banking Corp, Skandinaviska Enskilda Banken AB publ and Canada Pension Plan Investment Board. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, 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 Insider Buying and Selling for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Swedbank, Man Group plc, Prudential Financial Inc., Bank of New York Mellon Corp, Janus Henderson Group PLC, Artemis Investment Management LLP and TIAA CREF Investment Management LLC. 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 $55.37.

How big of a company is Best Buy?

Best Buy has a market capitalization of $14.90 billion and generates $42.15 billion in revenue each year. The technology retailer earns $1 billion in net income (profit) each year or $4.42 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 (star star star)
Outperform Votes:  1,332 (Vote Outperform)
Underperform Votes:  789 (Vote Underperform)
Total Votes:  2,121
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 12/16/2018 by MarketBeat.com Staff

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