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Best Buy Stock Price, Forecast & Analysis (NYSE:BBY)

$72.43
+0.22 (+0.30 %)
(As of 11/22/2019 01:34 PM ET)
Today's Range
$71.89
Now: $72.43
$72.80
50-Day Range
$64.44
MA: $72.00
$77.38
52-Week Range
$47.72
Now: $72.43
$78.53
Volume1.24 million shs
Average Volume2.05 million shs
Market Capitalization$19.09 billion
P/E Ratio13.61
Dividend Yield2.65%
Beta1.14
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$42.88 billion
Cash Flow$8.10 per share
Book Value$12.28 per share

Profitability

Net Income$1.46 billion

Miscellaneous

Employees125,000
Market Cap$19.09 billion
Next Earnings Date11/26/2019 (Confirmed)
OptionableOptionable

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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, August 30th. Investors of record on Thursday, September 19th will be given a dividend of $0.50 per share on Thursday, October 10th. This represents a $2.00 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, September 18th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 27th 2019, which allows the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings data on Thursday, August, 29th. The technology retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. The technology retailer had revenue of $9.54 billion for the quarter, compared to the consensus estimate of $9.55 billion. Best Buy had a return on equity of 48.56% and a net margin of 3.52%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. 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, November 26th 2019. View Earnings Estimates for Best Buy.

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

Best Buy will be holding an earnings conference call on Tuesday, November 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Best Buy updated its FY 2020 earnings guidance on Wednesday, September, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $43.1-43.6 billion, compared to the consensus revenue estimate of $43.39 billion.

What price target have analysts set for BBY?

19 brokers have issued 12-month target prices for Best Buy's stock. Their forecasts range from $63.00 to $100.00. On average, they anticipate Best Buy's share price to reach $78.47 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 10 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Best Buy.

What are Wall Street analysts saying about Best Buy stock?

Here are some recent quotes from research analysts about Best Buy stock:
  • 1. According to Zacks Investment Research, "Shares of Best Buy have increased and outpaced the industry year to date given its robust earnings trend. The company’s earnings not only beat the Zacks Consensus Estimate for the seventh straight quarter but also rose year-over-year when it reported second-quarter fiscal 2020 results. Also, management raised the earnings view for fiscal 2020.  Moving on, Best Buy’s focus on developing omnichannel capabilities, supply chain and cost containment efforts along with strengthening partnerships with vendors bode well. However, potential effects of tariffs and volatile consumer spending led management to narrow its sales projection for the fiscal.  Further, higher expenses stemming from GreatCall is a threat to margins. Additionally, continued sluggishness in international segment on account of adverse currency fluctuations remains a concern." (11/7/2019)
  • 2. Wedbush analysts commented, "JCP reports 1Q results BMO on 5/21. The company was not immune to the cold weather/ calendar shift headwinds and we expect soft metrics overall with possible offset on merchandise margin pressure after clearing non-core and low-margin merchandise in 4Q. The company started 1Q with inventory down 13%, considerably lower than sales that were down 8% in 4Q. We do not expect a significant contribution to sales from exiting the major appliance business because inventory was limited to floor samples. Our checks indicate that the majority of the floor samples in categories were sold and the floor space re-purposed." (5/17/2019)

Has Best Buy been receiving favorable news coverage?

Media coverage about BBY stock has been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Best Buy earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned news stories about the technology retailer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Best Buy.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest in October. As of October 31st, there was short interest totalling 6,020,000 shares, a drop of 5.3% from the September 30th total of 6,360,000 shares. Based on an average trading volume of 2,490,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.6% of the shares of the company are sold short. View Best Buy's Current Options Chain.

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 Intel (INTC), NVIDIA (NVDA), Netflix (NFLX), Bank of America (BAC), Cisco Systems (CSCO), Home Depot (HD), Alibaba Group (BABA), Ford Motor (F), Citigroup (C) and Boeing (BA).

Who are Best Buy's key executives?

Best Buy's management team includes the folowing 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)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Newport Trust Co (0.54%), Robeco Institutional Asset Management B.V. (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Artemis Investment Management LLP (0.28%), Conning Inc. (0.24%) and California Public Employees Retirement System (0.22%). Company insiders that own Best Buy stock include Asheesh Saksena, Brian A Tilzer, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard, Todd G Hartman 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 Artemis Investment Management LLP, State of Tennessee Treasury Department, Retirement Systems of Alabama, Massachusetts Financial Services Co. MA, Teacher Retirement System of Texas, AMF Pensionsforsakring AB, Virginia Retirement Systems ET AL and Pacer Advisors Inc.. Company insiders that have sold Best Buy company stock in the last year include Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Rajendra M Mohan, Richard M Schulze, Todd G Hartman and Victor Kathy J Higgins. View Insider Buying and Selling for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Alberta Investment Management Corp, State of New Jersey Common Pension Fund D, Carillon Tower Advisers Inc., Robeco Institutional Asset Management B.V., SG Americas Securities LLC, Twin Capital Management Inc. and Mackay Shields 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, Robinhood, Fidelity and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $72.59.

How big of a company is Best Buy?

Best Buy has a market capitalization of $19.13 billion and generates $42.88 billion in revenue each year. The technology retailer earns $1.46 billion in net income (profit) each year or $5.32 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.View Additional Information About Best Buy.

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:  1,403 (Vote Outperform)
Underperform Votes:  883 (Vote Underperform)
Total Votes:  2,286
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 11/22/2019 by MarketBeat.com Staff

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