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NYSE:BBY

Best Buy Stock Forecast, Price & News

$105.97
+0.39 (+0.37 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$103.49
Now: $105.97
$105.97
50-Day Range
$99.59
MA: $107.80
$117.37
52-Week Range
$48.10
Now: $105.97
$119.48
Volume2.13 million shs
Average Volume2.75 million shs
Market Capitalization$27.43 billion
P/E Ratio17.09
Dividend Yield2.08%
Beta1.64
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
CUSIP08651610
Phone612-291-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.64 billion
Cash Flow$9.46 per share
Book Value$14.60 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Employees125,000
Market Cap$27.43 billion
Next Earnings Date11/24/2020 (Estimated)
OptionableOptionable
$105.97
+0.39 (+0.37 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Best Buy (NYSE:BBY) Frequently Asked Questions

How has Best Buy's stock price been impacted by Coronavirus?

Best Buy's stock was trading at $65.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BBY stock has increased by 62.1% and is now trading at $105.97.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Best Buy?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Best Buy
.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) released its earnings results on Tuesday, August, 25th. The technology retailer reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.62. The technology retailer earned $9.91 billion during the quarter, compared to the consensus estimate of $9.79 billion. Best Buy had a return on equity of 48.82% and a net margin of 3.75%. The business's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share.
View Best Buy's earnings history
.

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

Best Buy announced a quarterly dividend on Tuesday, August 25th. Investors of record on Tuesday, September 15th will be given a dividend of $0.55 per share on Tuesday, October 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, September 14th.
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 share repurchase program on Wednesday, February 27th 2019, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

What price target have analysts set for BBY?

21 brokerages have issued 12 month price targets for Best Buy's shares. Their forecasts range from $70.00 to $135.00. On average, they anticipate Best Buy's stock price to reach $101.55 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for Best Buy
.

Has Best Buy been receiving favorable news coverage?

Media headlines about BBY stock have been trending positive on Tuesday, according to InfoTrie. 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 -5 to 5, with scores closest to five being the most favorable. Best Buy earned a daily sentiment score of 2.6 on InfoTrie's scale. They also gave news coverage about the technology retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Best Buy
.

Are investors shorting Best Buy?

Best Buy saw a decline in short interest in August. As of August 31st, there was short interest totaling 5,460,000 shares, a decline of 11.1% from the August 15th total of 6,140,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% of the company's stock are sold short.
View Best Buy's Short Interest
.

Who are some of Best Buy's key competitors?

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), Cisco Systems (CSCO), Home Depot (HD), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), Walt Disney (DIS), Bank of America (BAC) and QUALCOMM (QCOM).

Who are Best Buy's key executives?

Best Buy's management team includes the following 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)

What is Best Buy's stock symbol?

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

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.40%), FMR LLC (6.65%), AQR Capital Management LLC (1.82%), Charles Schwab Investment Management Inc. (1.23%), Bank of New York Mellon Corp (1.18%) and LSV Asset Management (1.14%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins and Whitney L Alexander.
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 FMR LLC, Balyasny Asset Management LLC, Prudential PLC, Glenmede Trust Co. NA, American International Group Inc., First Trust Advisors LP, Robeco Institutional Asset Management B.V., and Ceredex Value Advisors LLC. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
View insider buying and selling activity for Best Buy
.

Which major investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Charles Schwab Investment Management Inc., Two Sigma Advisers LP, AQR Capital Management LLC, Raymond James Financial Services Advisors Inc., Marshall Wace North America L.P., Man Group plc, and Meritage Portfolio Management.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $105.97.

How big of a company is Best Buy?

Best Buy has a market capitalization of $27.43 billion and generates $43.64 billion in revenue each year. The technology retailer earns $1.54 billion in net income (profit) each year or $6.07 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 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]

This page was last updated on 9/22/2020 by MarketBeat.com Staff

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