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

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$80.64 +1.08 (+1.36 %)
(As of 09/24/2018 03:58 AM ET)
Previous Close$80.64
Today's Range$79.79 - $81.53
52-Week Range$52.92 - $84.37
Volume5.21 million shs
Average Volume4.08 million shs
Market Capitalization$22.14 billion
P/E Ratio18.24
Dividend Yield2.23%
Beta0.98
Best Buy logoBest 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

Stock Exchange NYSE
Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
SectorRetail/Wholesale
SymbolNYSE:BBY
CUSIP08651610
Phone612-291-1000

Debt

Debt-to-Equity Ratio0.25
Current Ratio1.21
Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio18.24
Forward P/E Ratio15.78
P/E Growth1.27

Sales & Book Value

Annual Sales$42.15 billion
Price / Sales0.53
Cash Flow$6.9818 per share
Price / Cash11.55
Book Value$11.60 per share
Price / Book6.95

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Net Margins2.44%
Return on Equity40.28%
Return on Assets11.15%

Miscellaneous

Employees125,000
Outstanding Shares274,560,000
Market Cap$22.14 billion

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 Wednesday, August 29th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.45 per share on Tuesday, October 9th. This represents a $1.80 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, September 17th. 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 plan on Tuesday, April 11th 2017, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 37.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings results on Tuesday, August, 28th. The technology retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. The technology retailer earned $9.38 billion during the quarter, compared to analyst estimates of $9.25 billion. Best Buy had a net margin of 2.44% and a return on equity of 40.28%. Best Buy's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 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 Thursday, November, 15th 2018. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY19 earnings guidance on Tuesday, August, 28th. The company provided earnings per share guidance of $4.95-5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.02. The company issued revenue guidance of $42.3-42.7 billion, compared to the consensus revenue estimate of $42.29 billion.Best Buy also updated its Q3 guidance to $0.79-0.84 EPS.

What price target have analysts set for BBY?

18 brokerages have issued 1 year target prices for Best Buy's shares. Their forecasts range from $65.00 to $92.00. On average, they anticipate Best Buy's stock price to reach $80.2667 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

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 59)
  • Ms. Corie S. Barry, Chief Financial Officer (Age 43)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 54)
  • Mr. R. Michael Mohan, Sr. EVP and Chief Merchandising & Marketing Officer (Age 50)
  • Ms. Shari L. Ballard, Advisor (Age 52)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.05%), BlackRock Inc. (6.23%), Bank of New York Mellon Corp (2.12%), Bank of New York Mellon Corp (2.12%), Renaissance Technologies LLC (1.89%) and Northern Trust Corp (1.35%). 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, Paula Baker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard 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 Massachusetts Financial Services Co. MA, FMR LLC, Morgan Stanley, BlackRock Inc., American Century Companies Inc., Bank of America Corp DE, Dimensional Fund Advisors LP and Millennium Management LLC. 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, Richard M Schulze and Shari L Ballard. 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 Marshall Wace LLP, Janus Henderson Group PLC, LSV Asset Management, OppenheimerFunds Inc., Schwab Charles Investment Management Inc., Tyvor Capital LLC, Worldquant Millennium Quantitative Strategies LLC and WBI Investments 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 $80.64.

How big of a company is Best Buy?

Best Buy has a market capitalization of $22.14 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:  1,285 (Vote Outperform)
Underperform Votes:  765 (Vote Underperform)
Total Votes:  2,050
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 9/24/2018 by MarketBeat.com Staff

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