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

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$78.48 +1.57 (+2.04 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$78.48
Today's Range$76.69 - $78.70
52-Week Range$51.61 - $79.90
Volume1.82 million shs
Average Volume3.33 million shs
Market Capitalization$21.99 billion
P/E Ratio17.76
Dividend Yield2.36%
Beta0.79
Best Buy logoBest 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
SymbolNYSE:BBY
CUSIP08651610
Phone612-291-1000

Debt

Debt-to-Equity Ratio0.23
Current Ratio1.27
Quick Ratio0.56

Price-To-Earnings

Trailing P/E Ratio17.76
Forward P/E Ratio15.66
P/E Growth1.37

Sales & Book Value

Annual Sales$42.15 billion
Price / Sales0.52
Cash Flow$6.9636 per share
Price / Cash11.27
Book Value$12.36 per share
Price / Book6.35

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Net Margins2.39%
Return on Equity36.16%
Return on Assets10.52%

Miscellaneous

Employees125,000
Outstanding Shares279,390,000
Market Cap$21.99 billion

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 Friday, May 25th. Stockholders of record on Thursday, June 14th will be paid a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, June 13th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 11th 2017, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 37.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings data on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.08. The technology retailer had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 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 Tuesday, August, 28th 2018. View Earnings Estimates for Best Buy.

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

Best Buy issued an update on its FY19 earnings guidance on Thursday, May, 24th. The company provided EPS guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus estimate of $4.93. The company issued revenue guidance of $41-42 billion, compared to the consensus revenue estimate of $41.64 billion.Best Buy also updated its Q2 guidance to $0.77-0.82 EPS.

What price target have analysts set for BBY?

18 Wall Street analysts have issued 12 month price targets for Best Buy's stock. Their forecasts range from $48.00 to $87.00. On average, they anticipate Best Buy's stock price to reach $73.3571 in the next year. This suggests that the stock has a possible downside of 6.5%. 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 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

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, Chief Financial Officer (Age 43)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 54)
  • Mr. R. Michael Mohan, Sr. EVP and Chief Merchandising & Marketing Officer (Age 50)
  • Ms. Shari L. Ballard, Advisor (Age 52)

Has Best Buy been receiving favorable news coverage?

Headlines about BBY stock have been trending positive this week, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Best Buy earned a coverage optimism score of 0.36 on Accern's scale. They also assigned headlines about the technology retailer an impact score of 47.68 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Best Buy.

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.05%), BlackRock Inc. (6.23%), Bank of New York Mellon Corp (2.12%), Renaissance Technologies LLC (1.89%), OppenheimerFunds Inc. (1.25%) and LSV Asset Management (1.12%). 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, Paula Baker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard and Victor Kathy J Higgins. 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 Massachusetts Financial Services Co. MA, FMR LLC, Morgan Stanley, BlackRock Inc., American Century Companies Inc., Bank of America Corp DE, Dimensional Fund Advisors LP and Millennium Management LLC. 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 major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Janus Henderson Group PLC, LSV Asset Management, OppenheimerFunds Inc., Schwab Charles Investment Management Inc., Tyvor Capital LLC, Worldquant Millennium Quantitative Strategies LLC and WBI Investments Inc.. 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 $78.48.

How big of a company is Best Buy?

Best Buy has a market capitalization of $21.99 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.

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:  1,244 (Vote Outperform)
Underperform Votes:  746 (Vote Underperform)
Total Votes:  1,990
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 8/19/2018 by MarketBeat.com Staff

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