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Best Buy (BBY) Stock Price, News & Analysis

$74.72
+0.73 (+0.99%)
(As of 01:52 PM ET)
Compare
Today's Range
$74.56
$75.50
50-Day Range
$62.88
$75.09
52-Week Range
$62.30
$93.32
Volume
1.68 million shs
Average Volume
2.38 million shs
Market Capitalization
$16.09 billion
P/E Ratio
12.88
Dividend Yield
4.93%
Price Target
$76.53

Best Buy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
2.4% Upside
$76.53 Price Target
Short Interest
Bearish
7.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.84mentions of Best Buy in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$16.96 M Sold Last Quarter
Proj. Earnings Growth
0.49%
From $6.15 to $6.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Retail/Wholesale Sector

52nd out of 186 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

Feel like buying the dip on Best Buy? Your gut may be right (BBY)
Best Buy stock is doing the best it can to hold up, but the true momentum is going to come from these insiders buying as management turns things around.
Here's your e-commerce stock bundle for the holidays (BBY)
The 2023 holiday shopping season has arrived, and more consumers will be doing their shopping online, which should benefit these e-commerce stocks
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
4 high yields near 52-week lows worth looking at (BBY)
These stocks trading near 52-week lows provide high-yielding values for buy-and-hold investors; most are at or near their bottom and may rebound soon
Best Buy Co Inc's Dividend Analysis
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
Best Buy teams with DoorDash for same-day delivery
Best Buy Co. Inc. (BBY) Quarterly Financial Report Snapshot
2 Struggling Stocks to Buy and Hold
These Analysts Cut Their Forecasts On Best Buy After Q3 Results
Best Buy Co., Inc. (BBY) Q3 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 10/10 Dividend
9/18/2023
Dividend Payable
10/10/2023
Last Earnings
11/21/2023
Today
12/11/2023
Ex-Dividend for 1/2 Dividend
12/11/2023
Dividend Payable
1/02/2024
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/07/2024

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
$76.53
High Stock Price Target
$90.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
16 Analysts

Profitability

Net Income
$1.42 billion
Pretax Margin
3.78%

Debt

Sales & Book Value

Annual Sales
$43.54 billion
Cash Flow
$11.36 per share
Book Value
$13.06 per share

Miscellaneous

Free Float
214,190,000
Market Cap
$16.05 billion
Optionable
Optionable
Beta
1.51

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BBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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?

16 equities research analysts have issued 1 year target prices for Best Buy's stock. Their BBY share price targets range from $65.00 to $90.00. On average, they predict the company's share price to reach $76.53 in the next twelve months. This suggests a possible upside of 2.4% 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 2023?

Best Buy's stock was trading at $80.21 at the start of the year. Since then, BBY shares have decreased by 6.8% and is now trading at $74.72.
View the best growth stocks for 2023 here
.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 13,760,000 shares, an increase of 7.8% from the October 31st total of 12,760,000 shares. Based on an average daily volume of 2,570,000 shares, the short-interest ratio is presently 5.4 days. Currently, 7.1% of the company's stock are sold short.
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, March 7th 2024.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings data on Tuesday, November, 21st. The technology retailer reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.10. The technology retailer had revenue of $9.76 billion for the quarter, compared to analyst estimates of $9.90 billion. Best Buy had a net margin of 2.93% and a trailing twelve-month return on equity of 49.13%. Best Buy's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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 declared a quarterly dividend on Tuesday, November 21st. Investors 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 annualized dividend and a yield of 4.93%. 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 4.90%. 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 59.55% 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 earnings per share guidance of 6.000-6.300 for the period, compared to the consensus 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 Charles Schwab Investment Management Inc. (2.06%), Invesco Ltd. (1.59%), Northern Trust Corp (1.28%), Morgan Stanley (1.24%), Raymond James & Associates (1.20%) and Federated Hermes Inc. (1.19%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/11/2023 by MarketBeat.com Staff

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