NYSE:BBY - Best Buy Stock Price, News, & Analysis

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$58.74 +0.92 (+1.59 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$57.82
Today's Range$58.22 - $59.48
52-Week Range$47.72 - $84.37
Volume216,336 shs
Average Volume3.60 million shs
Market Capitalization$15.16 billion
P/E Ratio13.28
Dividend Yield3.20%
Beta1.18
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 consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; 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, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 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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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$42.15 billion
Cash Flow$7.2788 per share
Book Value$12.36 per share

Profitability

Net Income$1 billion

Miscellaneous

Employees125,000
Market Cap$15.16 billion
OptionableOptionable

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 Wednesday, November 21st. Shareholders of record on Tuesday, December 11th will be given a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, December 10th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its board has initiated a stock repurchase plan on Tuesday, April 11th 2017, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 37.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings results on Tuesday, November, 20th. The technology retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.85 by $0.08. The technology retailer earned $9.59 billion during the quarter, compared to analyst estimates of $9.56 billion. Best Buy had a return on equity of 44.41% and a net margin of 2.52%. Best Buy's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. 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 Thursday, March 7th 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 Wednesday, February 27th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Best Buy updated its FY19 earnings guidance on Tuesday, November, 20th. The company provided EPS guidance of $5.09-5.19 for the period, compared to the Thomson Reuters consensus estimate of $5.11. The company issued revenue guidance of $42.5-42.9 billion, compared to the consensus revenue estimate of $42.74 billion.Best Buy also updated its FY 2019 guidance to $5.09-5.19 EPS.

What price target have analysts set for BBY?

16 brokers have issued 1-year price targets for Best Buy's stock. Their predictions range from $50.00 to $90.00. On average, they anticipate Best Buy's stock price to reach $75.2667 in the next year. This suggests a possible upside of 28.2% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

Has Best Buy been receiving favorable news coverage?

News coverage about BBY stock has been trending somewhat negative this week, InfoTrie Sentiment reports. The research group 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 negative five to five, with scores closest to five being the most favorable. Best Buy earned a news impact score of -1.1 on InfoTrie's scale. They also gave headlines about the technology retailer a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are some of Best Buy's key competitors?

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 S. Barry, Sr. EVP and Chief Transformation & Fin. Officer (Age 44)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 55)
  • Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 51)
  • Ms. Shari L. Ballard, Advisor (Age 53)

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 Scout Investments Inc. (0.18%), Polaris Greystone Financial Group LLC (0.11%), Hennessy Advisors Inc. (0.03%), Boston Advisors LLC (0.03%), Nisa Investment Advisors LLC (0.02%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own Best Buy stock include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard and Victor Kathy J Higgins. 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 Gulf International Bank UK Ltd, DNB Asset Management AS, First Hawaiian Bank, Highland Capital Management LLC, Hennessy Advisors Inc., Virtu Financial LLC, First Midwest Bank Trust Division and Louisiana State Employees Retirement System. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan and Shari L Ballard. View Insider Buying and Selling for Best Buy.

Which major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, Scout Investments Inc., QUANTRES ASSET MANAGEMENT Ltd, Alpha Windward LLC, Boston Advisors LLC, New England Research & Management Inc., KAMES CAPITAL plc and Meeder Asset Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $58.71.

How big of a company is Best Buy?

Best Buy has a market capitalization of $15.16 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.

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:  1,339 (Vote Outperform)
Underperform Votes:  797 (Vote Underperform)
Total Votes:  2,136
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 1/18/2019 by MarketBeat.com Staff

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