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Best Buy (BBY) Stock Price, News & Analysis

$98.47
+0.72 (+0.74%)
(As of 09/13/2024 ET)
Today's Range
$97.98
$99.46
50-Day Range
$80.22
$100.94
52-Week Range
$62.30
$103.71
Volume
1.94 million shs
Average Volume
3.12 million shs
Market Capitalization
$21.24 billion
P/E Ratio
17.25
Dividend Yield
3.82%
Price Target
$102.56

Best Buy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
4.2% Upside
$102.56 Price Target
Short Interest
Bearish
6.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
1.44mentions of Best Buy in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$122.23 M Sold Last Quarter
Proj. Earnings Growth
9.58%
From $6.26 to $6.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Retail/Wholesale Sector

41st out of 197 stocks

Radio, Television, & Electronic Stores Industry

1st out of 1 stocks

BBY stock logo

About Best Buy Stock (NYSE:BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone 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 products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as 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 delivery, installation, memberships, repair, set-up, technical support, health-related, 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, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

BBY Stock Price History

BBY Stock News Headlines

Sony Logo and Camera display inside Best Buy Store
Best Buy Stock Flashes Bullish Signal, Challenges Remain
Best Buy's earnings report reflects mixed results, highlighting the company's efforts to drive growth and profitability in a challenging retail sector.
A customer turns away after looking at big-screen televisions in a Best Buy store November 21, 2023…
Best Buy reports another drop in quarterly sales as shoppers remain cautious about gadget spending
Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans pull back on purchases of appliances and other consumer electronics gadgets to focus on essentials
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Consumer products and services news icon
Best Buy reports another quarterly sales drop as consumer electronics retailer faces cautious spending on gadgets
Best Buy reports another quarterly sales drop as consumer electronics retailer faces cautious spending on gadgets
Telsey Advisory upgrades Best Buy Co (BBY) to a Buy
Sealed Air Provides Packaging Solutions for Best Buy
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Best Buy Co (BBY) Gets a Buy from Piper Sandler
D.A. Davidson Keeps Their Buy Rating on Best Buy Co (BBY)
Best Buy (BBY) Q2 2025 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 7/11 Dividend
6/20/2024
Dividend Payable
7/11/2024
Last Earnings
8/29/2024
Today
9/13/2024
Ex-Dividend for 10/10 Dividend
9/19/2024
Dividend Payable
10/10/2024
Next Earnings (Estimated)
11/19/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
85,000
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$102.56
High Stock Price Target
$123.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
3.87%

Debt

Sales & Book Value

Annual Sales
$43.45 billion
Cash Flow
$10.85 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
214,441,000
Market Cap
$21.15 billion
Optionable
Optionable
Beta
1.46

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BBY Stock Analysis - Frequently Asked Questions

How have BBY shares performed this year?

Best Buy's stock was trading at $78.28 at the start of the year. Since then, BBY stock has increased by 25.8% and is now trading at $98.47.
View the best growth stocks for 2024 here
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings data on Thursday, August, 29th. The technology retailer reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.18. Best Buy's revenue for the quarter was down 3.1% on a year-over-year basis.
Read the conference call transcript
.

Does Best Buy have any subsidiaries?

The following companies are subsidiaries of Best Buy: Two Peaks LLC d/b/a Yardbird Furniture, Current Health Ltd., Critical Signal Technologies, Swirl Networks, Lively, mindSHIFT Technologies, Five Star Appliance, and more.

Who are Best Buy's major shareholders?

Best Buy's top institutional investors include Raymond James & Associates (1.57%), Dimensional Fund Advisors LP (1.42%), Bank of New York Mellon Corp (1.33%) and Federated Hermes Inc. (1.18%). Insiders that own company stock include Richard M Schulze, Corie S Barry, Matthew M Bilunas, Kathleen Scarlett, Jason J Bonfig, Damien Harmon, Allison Peterson, Todd G Hartman, Mathew Watson, Deborah Disanzo Eldracher, Mario Jesus Marte, Robert L Bass and Brian A Tilzer.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Best Buy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Best Buy investors own include NVIDIA (NVDA), Intel (INTC), Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU) and Bank of America (BAC).

This page (NYSE:BBY) was last updated on 9/13/2024 by MarketBeat.com Staff

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