About Best Buy (NYSE:BBY)
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. As of December 31, 2016, the Company operated 1,200 large-format and 400 small-format stores throughout its Domestic and International segments.
Industry, Sector and Symbol
Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
Trailing P/E Ratio17.06
Forward P/E Ratio15.17
Sales & Book Value
Annual Sales$42.15 billion
Price / Sales0.52
Cash Flow$7.2361 per share
Price / Cash10.42
Book Value$12.36 per share
Price / Book6.10
EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Return on Equity32.68%
Return on Assets10.01%
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 Thursday, March 1st. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.45 per share on Thursday, April 12th. This represents a $1.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, March 21st. This is a positive change from Best Buy's previous quarterly dividend of $0.34. View Best Buy's Dividend History.
How will Best Buy's stock buyback program work?
Best Buy announced that its board has approved a stock repurchase plan on Tuesday, April 11th 2017, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 37.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
How were Best Buy's earnings last quarter?
Best Buy (NYSE:BBY) announced its quarterly earnings results on Thursday, March, 1st. The technology retailer reported $2.42 EPS for the quarter, beating the Zacks' consensus estimate of $2.05 by $0.37. The technology retailer had revenue of $15.36 billion for the quarter, compared to analyst estimates of $14.52 billion. Best Buy had a return on equity of 32.68% and a net margin of 2.37%. Best Buy's revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.93 EPS. View Best Buy's Earnings History.
When is Best Buy's next earnings date?
What guidance has Best Buy issued on next quarter's earnings?
Best Buy issued an update on its FY19 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.72. The company issued revenue guidance of $41.0-42.0 billion, compared to the consensus revenue estimate of $40.89 billion.Best Buy also updated its Q1 guidance to $0.68-0.73 EPS.
What price target have analysts set for BBY?
19 equities research analysts have issued 12 month target prices for Best Buy's stock. Their forecasts range from $47.00 to $87.00. On average, they anticipate Best Buy's share price to reach $70.0625 in the next twelve months. View Analyst Ratings for Best Buy.
Are investors shorting Best Buy?
Best Buy saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 32,978,887 shares, an increase of 21.1% from the February 28th total of 27,221,774 shares. Based on an average daily trading volume, of 5,359,230 shares, the days-to-cover ratio is presently 6.2 days. Approximately 13.1% of the company's stock are short sold.
Who are some of Best Buy's key competitors?
Some companies that are related to Best Buy include eBay (EBAY), Seven & I (SVNDY), Target (TGT), Compass Group (CMPGY), Ross Stores (ROST), Yum! Brands (YUM), Tesco (TSCDY), Dollar General (DG), H&M (HNNMY), Dollar Tree (DLTR), Ctrip (CTRP), Kroger (KR), O'Reilly Auto Parts (ORLY), Expedia (EXPE), AutoZone (AZO), Yum China (YUMC), Tapestry (TPR) and Carrefour (CRRFY).
Who are Best Buy's key executives?
Best Buy's management team includes the folowing people:
- Hubert Joly, Chairman of the Board, Chief Executive Officer (Age 57)
- Trish Walker, President, Services (Age 50)
- Corie S. Barry, Chief Financial Officer (Age 42)
- Shari L. Ballard, President, Multi-channel Retail and Operations (Age 50)
- Paula F. Baker, Chief Human Resource Officer (Age 49)
- Mathew R. Watson, Chief Accounting Officer, Vice President, Controller (Age 46)
- Keith J. Nelsen, General Counsel, Secretary (Age 53)
- R. Michael Mohan, Chief Merchandising and Marketing Officer (Age 49)
- Asheesh Saksena, Chief Strategic Growth Officer (Age 52)
- Russell P. Fradin, Lead Independent Director (Age 61)
Has Best Buy been receiving favorable news coverage?
News stories about BBY stock have trended very positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy earned a media sentiment score of 0.53 on Accern's scale. They also gave media headlines about the technology retailer an impact score of 45.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
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 $75.40.
How big of a company is Best Buy?
Best Buy has a market capitalization of $21.27 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 (BBY)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.
Best Buy (NYSE:BBY) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
19 Wall Street analysts have issued ratings and price targets for Best Buy in the last 12 months. Their average twelve-month price target is $70.0625, suggesting that the stock has a possible downside of 7.08%. The high price target for BBY is $87.00 and the low price target for BBY is $47.00. There are currently 3 sell ratings, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.21||2.21||2.42||2.71|
|Ratings Breakdown: ||3 Sell Rating(s)|
9 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
9 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
5 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
2 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$70.0625||$70.0625||$60.3750||$59.6875|
|Price Target Upside: ||7.08% downside||0.23% upside||17.58% downside||13.50% upside|
Best Buy (NYSE:BBY) Consensus Price Target History
Best Buy (NYSE:BBY) Analyst Ratings History
(Data available from 4/19/2016 forward)
Best Buy (NYSE:BBY) Dividend Information
Best Buy pays an annual dividend of $1.80 per share, with a dividend yield of 2.39%. BBY's most recent quarterly dividend payment was Thursday, April 12. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 23.60% each year. Best Buy pays out 40.72% of its earnings out as a dividend.
|Most Recent Dividend:||4/12/2018|
|Dividend Growth:||23.60% (3 Year Average)|
|Payout Ratio:||40.72% (Trailing 12 Months of Earnings) |
36.22% (Based on This Year's Estimates)
33.27% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Best Buy (NYSE:BBY) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Best Buy (NYSE BBY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.21%
Institutional Ownership Percentage: 85.17%
Best Buy (NYSE BBY) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/19/2018||Patricia H Walker||Insider||Sell||1,569||$68.72||$107,821.68||35,552|| |
|3/16/2018||Hubert Joly||CEO||Sell||240,468||$69.61||$16,738,977.48||698,769|| |
|3/16/2018||Rajendra M Mohan||Insider||Sell||54,319||$69.83||$3,793,095.77||100,514|| |
|3/15/2018||Corie S Barry||CFO||Sell||6,309||$69.43||$438,033.87||74,897|| |
|3/15/2018||Keith J Nelsen||General Counsel||Sell||13,003||$69.43||$902,798.29||101,063|| |
|3/15/2018||Mathew Watson||SVP||Sell||1,326||$69.43||$92,064.18||20,953|| |
|3/13/2018||Corie S Barry||CFO||Sell||399||$72.45||$28,907.55||81,206|| |
|3/13/2018||Hubert Joly||CEO||Sell||9,591||$72.45||$694,867.95||728,564|| |
|3/13/2018||Keith J Nelsen||General Counsel||Sell||1,427||$72.45||$103,386.15||114,066|| |
|3/13/2018||Mathew Watson||SVP||Sell||225||$72.45||$16,301.25||20,353|| |
|3/13/2018||Shari L Ballard||Insider||Sell||3,475||$72.45||$251,763.75||116,785|| |
|3/6/2018||Mathew Watson||SVP||Sell||990||$77.21||$76,437.90|| |
|3/2/2018||Gerard R Vittecoq||Director||Sell||23,684||$74.12||$1,755,458.08||40,128|| |
|12/18/2017||Richard M Schulze||Major Shareholder||Sell||250,000||$66.83||$16,707,500.00||1,732,500|| |
|12/15/2017||Richard M Schulze||Major Shareholder||Sell||75,000||$65.19||$4,889,250.00||1,732,500|| |
|12/13/2017||Richard M Schulze||Major Shareholder||Sell||200,000||$64.14||$12,828,000.00||1,732,500|| |
|12/8/2017||Richard M Schulze||Major Shareholder||Sell||475,000||$62.68||$29,773,000.00||1,732,500|| |
|12/6/2017||Richard M Schulze||Major Shareholder||Sell||50,000||$61.34||$3,067,000.00||1,732,500|| |
|12/4/2017||Richard M Schulze||Major Shareholder||Sell||65,000||$61.08||$3,970,200.00||1,732,500|| |
|12/1/2017||Richard M Schulze||Major Shareholder||Sell||935,000||$60.18||$56,268,300.00||1,732,500|| |
|11/29/2017||Richard M Schulze||Major Shareholder||Sell||1,000,000||$58.80||$58,800,000.00|| |
|11/22/2017||Keith J Nelsen||General Counsel||Sell||44,235||$56.78||$2,511,663.30||107,503|| |
|11/21/2017||Shari L Ballard||Insider||Sell||40,018||$56.18||$2,248,211.24||99,304|| |
|10/3/2017||Corie S Barry||CFO||Sell||3,134||$57.26||$179,452.84|| |
|9/20/2017||Kathleen Scarlett||Insider||Sell||10,797||$52.49||$566,734.53||25,690|| |
|9/5/2017||Corie S Barry||CFO||Sell||3,426||$54.68||$187,333.68||57,903|| |
|9/5/2017||Hubert Joly||CEO||Sell||106,942||$54.68||$5,847,588.56||645,222|| |
|9/5/2017||Keith J Nelsen||General Counsel||Sell||10,593||$54.68||$579,225.24||78,455|| |
|9/5/2017||Mathew Watson||VP||Sell||1,129||$54.68||$61,733.72||17,764|| |
|9/5/2017||Shari L Ballard||Insider||Sell||9,778||$54.68||$534,661.04||84,613|| |
|8/21/2017||Corie S Barry||CFO||Sell||787||$59.92||$47,157.04||54,159|| |
|8/21/2017||Hubert Joly||CEO||Sell||14,734||$59.92||$882,861.28||540,694|| |
|8/21/2017||Keith J Nelsen||General Counsel||Sell||2,433||$59.92||$145,785.36||66,873|| |
|8/21/2017||Mathew Watson||VP||Sell||260||$59.92||$15,579.20||15,507|| |
|8/21/2017||Shari L. Ballard||Insider||Sell||2,246||$59.92||$134,580.32|| |
|6/16/2017||Asheesh Saksena||Insider||Sell||22,255||$55.66||$1,238,713.30||82,440|| |
|6/14/2017||Asheesh Saksena||Insider||Sell||18,706||$57.08||$1,067,738.48|| |
|6/9/2017||Mathew Watson||VP||Sell||503||$59.00||$29,677.00||15,767|| |
|5/31/2017||Keith J Nelsen||General Counsel||Sell||55,153||$59.01||$3,254,578.53||89,306|| |
|5/26/2017||Mathew Watson||VP||Sell||14,568||$60.43||$880,344.24||21,872|| |
|5/26/2017||Patricia H Walker||Insider||Sell||9,974||$59.86||$597,043.64||24,122|| |
|5/23/2017||Mathew Watson||VP||Sell||758||$51.82||$39,279.56||19,172|| |
|4/24/2017||Patricia H Walker||Insider||Sell||7,447||$51.02||$379,945.94||34,096|| |
|4/3/2017||Rajendra M Mohan||Insider||Sell||119,089||$48.70||$5,799,634.30||160,210|| |
|3/30/2017||Shari L Ballard||Insider||Sell||189,746||$48.57||$9,215,963.22||161,364|| |
|3/29/2017||Victor Kathy J Higgins||Director||Sell||7,500||$47.73||$357,975.00||42,510|| |
|3/3/2017||Keith J Nelsen||General Counsel||Sell||90,247||$44.54||$4,019,601.38||88,651|| |
|3/2/2017||Mathew Watson||VP||Sell||1,000||$44.59||$44,590.00||16,320|| |
|12/16/2016||Richard M Schulze||Major Shareholder||Sell||90,000||$47.28||$4,255,200.00||1,732,500|| |
|12/15/2016||Richard M Schulze||Major Shareholder||Sell||235,000||$48.50||$11,397,500.00||1,732,500|| |
|12/9/2016||Richard M Schulze||Major Shareholder||Sell||675,000||$48.53||$32,757,750.00||1,732,500|| |
|12/6/2016||Paula Baker||SVP||Sell||6,138||$46.70||$286,644.60||8,667|| |
|8/25/2016||Mathew Watson||VP||Sell||1,030||$39.45||$40,633.50||18,876|| |
|6/2/2016||Hubert Joly||CEO||Sell||398,000||$32.24||$12,831,520.00||511,139|| |
|5/31/2016||Mathew Watson||CAO||Sell||1,363||$32.10||$43,752.30||20,668|| |
|3/3/2016||Shari L Ballard||Insider||Sell||184,986||$32.99||$6,102,688.14||149,231|| |
|10/13/2015||Richard M Schulze||Major Shareholder||Sell||197,500||$37.23||$7,352,925.00||1,732,500|| |
|10/12/2015||Richard M Schulze||Major Shareholder||Sell||267,504||$37.05||$9,911,023.20||1,732,500|| |
|10/6/2015||Richard M Schulze||Major Shareholder||Sell||564,846||$37.65||$21,266,451.90||1,732,500|| |
|10/5/2015||Richard M Schulze||Major Shareholder||Sell||550,000||$37.64||$20,702,000.00||1,732,500|| |
|9/28/2015||Gerard R. Vittecoq||Director||Sell||10,974||$36.50||$400,551.00||20,200|| |
|9/21/2015||Keith J. Nelsen||General Counsel||Sell||34,632||$37.99||$1,315,669.68||33,162|| |
|9/16/2015||Rajendra M. Mohan||insider||Sell||40,000||$38.52||$1,540,800.00||104,959|| |
|4/17/2015||Richard M Schulze||Major Shareholder||Sell||11,250||$36.69||$412,762.50|| |
|4/8/2015||Victor Kathy J Higgins||Director||Sell||11,250||$37.92||$426,600.00|| |
|4/6/2015||Hatim Tyabji||Director||Sell||11,250||$38.15||$429,187.50|| |
|2/27/2015||Richard M Schulze||Major Shareholder||Sell||420,000||$38.01||$15,964,200.00|| |
|2/24/2015||Richard M Schulze||Major Shareholder||Sell||80,000||$38.86||$3,108,800.00|| |
|2/20/2015||Richard M Schulze||Major Shareholder||Sell||235,000||$39.24||$9,221,400.00|| |
|2/18/2015||Richard M Schulze||Major Shareholder||Sell||165,000||$39.14||$6,458,100.00|| |
|2/13/2015||Richard M Schulze||Major Shareholder||Sell||375,000||$39.00||$14,625,000.00|| |
|2/11/2015||Richard M Schulze||Major Shareholder||Sell||225,000||$38.09||$8,570,250.00|| |
|2/6/2015||Richard M Schulze||Major Shareholder||Sell||900,000||$37.01||$33,309,000.00|| |
|2/4/2015||Richard M Schulze||Major Shareholder||Sell||1,210,000||$35.83||$43,354,300.00|| |
|2/3/2015||Richard M Schulze||Major Shareholder||Sell||760,000||$35.64||$27,086,400.00|| |
|1/13/2015||Richard M Schulze||Major Shareholder||Sell||170,000||$39.74||$6,755,800.00|| |
|1/12/2015||Richard M Schulze||Major Shareholder||Sell||170,000||$39.14||$6,653,800.00|| |
|1/8/2015||Richard M Schulze||Major Shareholder||Sell||1,600,000||$38.88||$62,208,000.00|| |
|1/5/2015||Richard M Schulze||Major Shareholder||Sell||550,000||$38.57||$21,213,500.00|| |
|12/23/2014||Richard M Schulze||Major Shareholder||Sell||350,000||$40.00||$14,000,000.00|| |
|11/26/2014||Shari L Ballard||Insider||Sell||64,149||$38.59||$2,475,509.91|| |
|11/25/2014||Richard M Schulze||Major Shareholder||Sell||1,415,000||$38.79||$54,887,850.00|| |
|11/24/2014||Rajendra M Mohan||Insider||Sell||42,000||$38.36||$1,611,120.00|| |
|11/20/2014||Richard M Schulze||Major Shareholder||Sell||1,360,000||$37.50||$51,000,000.00|| |
|11/13/2014||Richard M Schulze||Major Shareholder||Sell||500,000||$35.41||$17,705,000.00|| |
|11/6/2014||Richard M Schulze||Major Shareholder||Sell||800,000||$35.00||$28,000,000.00|| |
|11/4/2014||Richard M Schulze||Major Shareholder||Sell||550,000||$34.45||$18,947,500.00|| |
|10/30/2014||Richard M Schulze||Major Shareholder||Sell||700,000||$33.15||$23,205,000.00|| |
|10/28/2014||Richard M Schulze||Major Shareholder||Sell||220,000||$32.96||$7,251,200.00|| |
|10/27/2014||Richard M Schulze||Major Shareholder||Sell||170,000||$33.03||$5,615,100.00|| |
|10/23/2014||Richard M Schulze||Major Shareholder||Sell||230,000||$33.21||$7,638,300.00|| |
|10/3/2014||Richard M Schulze||Major Shareholder||Sell||65,400||$33.59||$2,196,786.00|| |
|9/29/2014||Richard M Schulze||Major Shareholder||Sell||500,000||$33.54||$16,770,000.00|| |
|9/3/2014||Keith J Nelsen||General Counsel||Sell||29,192||$31.16||$909,622.72|| |
|8/28/2014||Richard M Schulze||Major Shareholder||Sell||1,600||$31.81||$50,896.00|| |
|5/29/2014||Keith J Nelsen||General Counsel||Sell||17,213||$27.00||$464,751.00|| |
|4/25/2014||Jude Buckley||Insider||Sell||68,143||$24.38||$1,661,326.34||89,588|| |
|11/5/2013||Richard M Schulze||Major Shareholder||Sell||1,708,334||$43.20||$73,800,028.80|| |
|10/23/2013||Richard M Schulze||Major Shareholder||Sell||450,000||$42.62||$19,179,000.00|| |
|10/22/2013||Allen U Lenzmeier||Director||Sell||150,000||$43.11||$6,466,500.00|| |
|10/21/2013||Shari L Ballard||EVP||Sell||32,325||$42.97||$1,389,005.25|| |
|10/15/2013||Susan S Grafton||SVP||Sell||3,000||$41.17||$123,510.00|| |
|10/3/2013||Richard M Schulze||Major Shareholder||Sell||1,708,334||$37.78||$64,540,858.52|| |
|9/10/2013||Richard M Schulze||Chairman||Sell||462,337||$37.39||$17,286,780.43|| |
|9/9/2013||Richard M Schulze||Chairman||Sell||787,663||$37.23||$29,324,693.49|| |
|9/5/2013||Christopher K Gould||Treasurer||Sell||7,225||$37.37||$269,998.25|| |
|9/4/2013||Keith J Nelsen||EVP||Sell||12,748||$37.86||$482,639.28|| |
|8/27/2013||Allen Lenzmeier||Director||Sell||60,000||$35.04||$2,102,400.00||6,327|| |
|6/26/2013||Shari L Ballard||EVP||Sell||90,295||$27.05||$2,442,479.75|| |
|6/24/2013||Keith J Nelsen||EVP||Sell||14,782||$25.93||$383,297.26|| |
|6/21/2013||Carol A Surface||EVP||Sell||14,500||$26.93||$390,485.00|| |
|5/24/2013||Carol A Surface||EVP||Sell||15,000||$26.16||$392,400.00|| |
|10/2/2012||Matthew H Paull||Director||Buy||6,500||$16.89||$109,785.00|| |
Best Buy (NYSE BBY) News Headlines
Best Buy (NYSE:BBY) SEC Filings
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Best Buy (NYSE:BBY) Income Statement, Balance Sheet and Cash Flow Statement
Best Buy (NYSE BBY) Stock Chart for Thursday, April, 19, 2018