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NYSE:BBY

Best Buy - BBY Stock Forecast, Price & News

$67.90
+0.50 (+0.74%)
(As of 10/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.18
$68.58
50-Day Range
$63.34
$84.95
52-Week Range
$62.42
$141.97
Volume
2.92 million shs
Average Volume
3.18 million shs
Market Capitalization
$15.29 billion
P/E Ratio
9.10
Dividend Yield
5.22%
Price Target
$86.13

Best Buy MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
26.8% Upside
$86.13 Price Target
Short Interest
Healthy
4.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.71mentions of Best Buy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2 M Sold Last Quarter
Proj. Earnings Growth
14.59%
From $6.17 to $7.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.49 out of 5 stars

Retail/Wholesale Sector

1st out of 211 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

BBY stock logo

About Best Buy (NYSE:BBY) Stock

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

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BBY Stock News Headlines

From carmakers to refiners, industries brace for rail strike
Carmakers say buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be disrupted
Affirm is the Underdog Starring in a Spaghetti Western (BBY)
Buy now and pay later (BNPL) online purchase financing platform Affirm (NASDAQ: AFRM) is trying to maintain a foothold in a mudslide.
Why Is Best Buy (BBY) Down 4.6% Since Last Earnings Report?
Best Buy: Buy The Dip On This Free Cash Flow Machine
Best Buy, Home Depot Lock Up Goods to Fight Theft
Noteworthy Monday Option Activity: BBY, AXP, ZS
An Updated View On Best Buy
Best Buy is called a big-box standout by Loop Capital
Best Buy Is Shrinking: Time to Sell the Stock?
See More Headlines
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BBY Company Calendar

Last Earnings
8/30/2022
Ex-Dividend for 10/11 Dividend
9/19/2022
Today
10/05/2022
Dividend Payable
10/11/2022
Next Earnings (Estimated)
11/22/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
105,000
Year Founded
1966

Price Target and Rating

Average Stock Price Forecast
$86.13
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+26.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
16 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
4.63%

Debt

Sales & Book Value

Annual Sales
$51.76 billion
Cash Flow
$14.92 per share
Book Value
$12.55 per share

Miscellaneous

Free Float
224,140,000
Market Cap
$15.29 billion
Optionable
Optionable
Beta
1.47

Social Links


Key Executives

  • Ms. Corie Sue BarryMs. Corie Sue Barry (Age 47)
    CEO & Director
    Comp: $6.03M
  • Mr. Matthew M. BilunasMr. Matthew M. Bilunas (Age 49)
    Exec. VP & CFO
    Comp: $3.02M
  • Ms. Kamy Scarlett (Age 58)
    Chief HR Officer
    Comp: $3.29M
  • Mr. Jason J. Bonfig (Age 45)
    Exec. VP & Chief Merchandising Officer
    Comp: $2.48M
  • Mr. Damien  HarmonMr. Damien Harmon (Age 44)
    Exec. VP of Omnichannel
    Comp: $2.37M
  • Mr. Richard M. SchulzeMr. Richard M. Schulze (Age 81)
    Founder & Chairman Emeritus
  • Mr. Mathew Raymond Watson (Age 51)
    Sr. VP of Fin., Controller & Chief Accounting Officer
  • Mr. Brian A. TilzerMr. Brian A. Tilzer (Age 51)
    Chief Digital, Analytics & Technology Officer
  • Ms. Mollie O'Brien
    VP of Investor Relations
  • Mr. Todd Gregory Hartman (Age 55)
    Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer













BBY Stock - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBY, but not buy additional shares or sell existing shares.
View BBY analyst ratings
or view top-rated stocks.

What is Best Buy's stock price forecast for 2022?

16 analysts have issued 12-month price objectives for Best Buy's stock. Their BBY share price forecasts range from $61.00 to $147.00. On average, they expect the company's stock price to reach $86.13 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for BBY
or view top-rated stocks among Wall Street analysts.

How have BBY shares performed in 2022?

Best Buy's stock was trading at $101.60 at the beginning of the year. Since then, BBY stock has decreased by 33.0% and is now trading at $68.07.
View the best growth stocks for 2022 here
.

Are investors shorting Best Buy?

Best Buy saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,030,000 shares, a decrease of 11.6% from the August 15th total of 11,340,000 shares. Based on an average daily volume of 3,090,000 shares, the short-interest ratio is currently 3.2 days. Approximately 5.0% of the company's shares are short sold.
View Best Buy's Short Interest
.

When is Best Buy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) announced its earnings results on Tuesday, August, 30th. The technology retailer reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.28. The technology retailer had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.25 billion. Best Buy had a net margin of 3.60% and a trailing twelve-month return on equity of 57.98%. The firm's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $2.98 earnings per share.
Read the conference call transcript
.

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

Best Buy declared a quarterly dividend on Tuesday, August 30th. Investors of record on Tuesday, September 20th will be given a dividend of $0.88 per share on Tuesday, October 11th. This represents a $3.52 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Monday, September 19th.
Read our dividend analysis for BBY
.

Is Best Buy a good dividend stock?

Best Buy (NYSE:BBY) pays an annual dividend of $3.52 per share and currently has a dividend yield of 5.53%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 49.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

What is Corie Barry's approval rating as Best Buy's CEO?

1,251 employees have rated Best Buy Chief Executive Officer Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among the company's employees.

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

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 variety of retail and institutional investors. Top institutional investors include First Hawaiian Bank (0.00%) and Symmetry Partners LLC (0.00%). Insiders that own company stock include Allison Peterson, Brian A Tilzer, Brian A Tilzer, Corie S Barry, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Richard M Schulze, Robert L Bass, Todd G Hartman, Todd G Hartman, Whitney L Alexander and Whitney L Alexander.
View institutional ownership trends
.

How do I buy shares of Best Buy?

Shares of BBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $68.07.

How much money does Best Buy make?

Best Buy (NYSE:BBY) has a market capitalization of $15.32 billion and generates $51.76 billion in revenue each year. The technology retailer earns $2.45 billion in net income (profit) each year or $7.46 on an earnings per share basis.

How many employees does Best Buy have?

The company employs 105,000 workers across the globe.

Does Best Buy have any subsidiaries?
The following companies are subsidiares of Best Buy: Current Health Inc. , Prospero II Master Tenant LLC, Lily Solar Lessee LLC, Little Bear Master Tenant LLC, Nichols Distribution LLC, Best Buy Stores Puerto Rico LLC, BBC Investment Co., BBC Property Co., BBY Canada Finance LLC, BBY Holdings International Inc., BBY Mauritius I Ltd., BBY Mauritius II Ltd., BBY Mauritius III Ltd., BBY Networks Inc., BBY Services Inc., BBY Solutions Inc., Best Buy AsiaPacific Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE , Best Buy China, Best Buy China Holdings Ltd., Best Buy China Ltd., Best Buy Distributions Limited, Best Buy Enterprise Services Inc., Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance Inc., Best Buy Health Inc, Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.à r.l., Best Buy Product Protection Inc., Best Buy Puerto Rico Holdings LLC, Best Buy Purchasing LLC , Best Buy Shanghai Ltd., Best Buy Stores L.P. , Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com LLC, Best Buy Warehousing Logistics LLC, BestBuy.com LLC, CCL Insurance Company, CP Gal Richfield LLC, Critical Signal Technologies, Current Health Limited, Current Health Ltd., Dealtree, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc, GTL Incorporated , Geek Squad, Jiangsu Five Star Appliance, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC , Musicland Stores Corporation, Napster, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Swirl Networks, Two Peaks LLC 3, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, USB RETC Fund 2020-19 LLC, and mindSHIFT Technologies.
Read More
How can I contact Best Buy?

Best Buy's mailing address is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. The official website for the company is www.bestbuy.com. The technology retailer can be reached via phone at (612) 291-1000, via email at investorrelations@bestbuy.com, or via fax at 612-292-4001.

This page (NYSE:BBY) was last updated on 10/5/2022 by MarketBeat.com Staff

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