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NYSE:BBYBest Buy Stock Price, Forecast & News

$85.60
+0.70 (+0.82 %)
(As of 07/13/2020 04:00 PM ET)
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Today's Range
$85.40
Now: $85.60
$88.33
50-Day Range
$76.43
MA: $82.49
$87.70
52-Week Range
$48.10
Now: $85.60
$91.99
Volume1.87 million shs
Average Volume2.70 million shs
Market Capitalization$22.04 billion
P/E Ratio15.74
Dividend Yield2.59%
Beta1.48
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: 2.3Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 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$9.51 per share
Book Value$13.44 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Employees125,000
Market Cap$22.04 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Best Buy (NYSE:BBY) Frequently Asked Questions

How has Best Buy's stock been impacted by COVID-19 (Coronavirus)?

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BBY shares have increased by 30.9% and is now trading at $85.60. View which stocks have been most impacted by Coronavirus.

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

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 7 hold ratings and 12 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 Thursday, September 3rd 2020. View our earnings forecast for Best Buy.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) announced its quarterly earnings results on Thursday, May, 21st. The technology retailer reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.26. The technology retailer had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. The firm's revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.02 EPS. View Best Buy's earnings history.

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

Best Buy declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, June 10th. View Best Buy's dividend history.

How will Best Buy's stock buyback program work?

Best Buy announced that its board has authorized a stock repurchase program on Wednesday, February 27th 2019, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for BBY?

19 equities research analysts have issued 1 year price targets for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they anticipate Best Buy's share price to reach $88.16 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price. View analysts' price targets for Best Buy.

Has Best Buy been receiving favorable news coverage?

News coverage about BBY stock has trended very negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Best Buy earned a news sentiment score of -3.6 on InfoTrie's scale. They also gave news stories about the technology retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Best Buy.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest in June. As of June 30th, there was short interest totaling 7,170,000 shares, an increase of 17.3% from the June 15th total of 6,110,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.1% of the shares of the company are short sold. 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), Home Depot (HD), Alibaba Group (BABA), Cisco Systems (CSCO), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Walt Disney (DIS) and Advanced Micro Devices (AMD).

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 many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.15%), Envestnet Asset Management Inc. (0.11%), Hexavest Inc. (0.06%), Manning & Napier Group LLC (0.05%), State of Alaska Department of Revenue (0.04%) and Mount Yale Investment Advisors LLC (0.03%). Company insiders that own Best Buy stock include Allison Peterson, Asheesh Saksena, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, 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 Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Exane Derivatives, Manning & Napier Group LLC, IFM Investors Pty Ltd, DNB Asset Management AS, Legacy Private Trust Co., and Alpha Windward 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, Rajendra M Mohan, Richard M Schulze, and Todd G Hartman. View insider buying and selling activity for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., Mount Yale Investment Advisors LLC, Envestnet Asset Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Abner Herrman & Brock LLC, NuWave Investment Management LLC, First National Bank of Mount Dora Trust Investment Services, and HNP Capital LLC. 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 $85.60.

How big of a company is Best Buy?

Best Buy has a market capitalization of $22.04 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 7/14/2020 by MarketBeat.com Staff

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