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NYSE:BBY

Best Buy Stock Forecast, Price & News

$120.39
+1.39 (+1.17 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$118.97
$120.91
50-Day Range
$114.80
$125.79
52-Week Range
$75.23
$128.57
Volume1.68 million shs
Average Volume2.59 million shs
Market Capitalization$30.15 billion
P/E Ratio18.30
Dividend Yield2.35%
Beta1.52
30 days | 90 days | 365 days | Advanced Chart
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Best Buy logo

About Best Buy

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 and mobile phones, such as computing covering desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions, networking products, tablets covering e-readers, and wearables, such as 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 appliances, 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 beverages, snacks, and sundry items, as well as baby products, furniture, luggage, and sporting goods. In addition, it provides consultation, delivery, design, 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 BestBuy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia, Pacific Kitchen, and Home, as well as the domain names bestbuy.com and greatcall.com. As of January 30, 2021, it had 1,126 large-format and 33 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated 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
CUSIP08651610
Phone612-291-1000
Employees61,200
Year Founded1966

Sales & Book Value

Annual Sales$43.64 billion
Cash Flow$10.02 per share
Book Value$13.44 per share

Profitability

Net Income$1.54 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$30.15 billion
Next Earnings Date5/27/2021 (Confirmed)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.12 out of 5 stars

Retail/Wholesale Sector

24th out of 380 stocks

Radio, Television, & Electronic Stores Industry

1st out of 6 stocks

Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Best Buy stock. 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 analyst ratings for Best Buy
or view top-rated stocks.

What stocks does MarketBeat like better than Best Buy?

Wall Street analysts have given Best Buy a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Best Buy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Best Buy
.

How can I listen to Best Buy's earnings call?

Best Buy will be holding an earnings conference call on Thursday, May 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) announced its earnings results on Wednesday, February, 24th. The technology retailer reported $3.48 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.46 by $0.02. The technology retailer earned $16.94 billion during the quarter, compared to analyst estimates of $17.19 billion. Best Buy had a trailing twelve-month return on equity of 52.17% and a net margin of 3.79%.
View Best Buy's earnings history
.

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

Best Buy's stock was trading at $65.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BBY shares have increased by 84.2% and is now trading at $120.39.
View which stocks have been most impacted by COVID-19
.

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

Best Buy announced a quarterly dividend on Thursday, February 25th. Shareholders of record on Thursday, March 18th will be paid a dividend of $0.70 per share on Thursday, April 8th. This represents a $2.80 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, March 17th. This is a boost from Best Buy's previous quarterly dividend of $0.55.
View Best Buy's dividend history
.

Is Best Buy a good dividend stock?

Best Buy pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.35%. Best Buy does not yet have a strock track record of dividend growth. The dividend payout ratio of Best Buy is 46.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 36.36% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

What price target have analysts set for BBY?

24 equities research analysts have issued twelve-month target prices for Best Buy's shares. Their forecasts range from $84.00 to $135.00. On average, they expect Best Buy's share price to reach $110.38 in the next year. This suggests that the stock has a possible downside of 8.3%.
View analysts' price targets for Best Buy
or view top-rated stocks among Wall Street analysts.

Who are Best Buy's key executives?

Best Buy's management team includes the following people:
  • Ms. Corie Sue Barry, CEO & Director (Age 46, Pay $2.96M) (LinkedIn Profile)
  • Mr. R. Michael Mohan, Pres & COO (Age 53, Pay $2.69M) (LinkedIn Profile)
  • Mr. Hubert Joly, Consultant (Age 62, Pay $2.47M)
  • Mr. Matthew M. Bilunas, Chief Financial Officer (Age 48, Pay $1.46M) (LinkedIn Profile)
  • Ms. Kamy Scarlett, Chief HR Officer (Age 57, Pay $2.77M) (LinkedIn Profile)
  • Mr. Whitney L. Alexander, Exec. Officer (Age 42, Pay $1.1M) (LinkedIn Profile)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 50)
  • Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 50) (LinkedIn Profile)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 54) (LinkedIn Profile)

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

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

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 NVIDIA (NVDA), Intel (INTC), The Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), The 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.39%), JPMorgan Chase & Co. (4.55%), Geode Capital Management LLC (1.78%), Bank of New York Mellon Corp (1.31%), Northern Trust Corp (1.26%) and Dimensional Fund Advisors LP (1.06%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins and Whitney L Alexander.
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 Boston Partners, JPMorgan Chase & Co., Allianz Asset Management GmbH, Robeco Institutional Asset Management B.V., Acadian Asset Management LLC, Lazard Asset Management LLC, Bank of Nova Scotia, and Korea Investment CORP. 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, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
View insider buying and selling activity for Best Buy
or view top insider-selling stocks.

Which institutional investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Bahl & Gaynor Inc., Capital Growth Management LP, Retirement Systems of Alabama, Panagora Asset Management Inc., APG Asset Management N.V., and Federated Hermes Inc..
View insider buying and selling activity for Best Buy
or or view top insider-buying stocks.

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 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 $120.39.

How much money does Best Buy make?

Best Buy has a market capitalization of $30.15 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.

How many employees does Best Buy have?

Best Buy employs 61,200 workers across the globe.

Does Best Buy have any subsidiaries?

The following companies are subsidiares of Best Buy: 6349021 Canada Ltd., Accessible Wireless LLC, BBC Investment, BBC Property Co., BBY (Mauritius II), BBY (Mauritius III), BBY Canada Finance, BBY Global Connect (Mauritius I), BBY Global Connect (Mauritius II), BBY Holdings International, BBY Networks, BBY Services, BBY Solutions, Best Buy (AsiaPacific) Limited, Best Buy Asia Pacific Regional Holdings Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE, Best Buy China, Best Buy China Holdings, Best Buy China Ltd., Best Buy China UK, Best Buy Connect, Best Buy Distributions Limited, Best Buy Enterprise Services, Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance, Best Buy Gov, Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.a.r.l., Best Buy Mobile (Nanjing) Management Consulting Co. Ltd., Best Buy Puerto Rico Holdings, Best Buy Purchasing LLC, Best Buy Shanghai, Best Buy Stores L.P., Best Buy Stores Puerto Rico, Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com, Best Buy Warehousing Logistics, BestBuy.com, CCL Insurance Company, CP Gal Richfield LLC, CPW Mobile Limited, CPWCO 16 Limited, Critical Signal Technologies Inc, Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, Five Star Trust, FutureGard Reinsurance Ltd., GC Buyer Inc., Geek Squad, Global Connect China, GreatCall, Jiangsu Five Star Appliance, Magnolia Hi-Fi, Magnolia Hi-Fi, Musicland Stores Corporation, Napster, New CPWM Limited, Nichols Distribution, Oval (2248) Limited, Pacific Sales, Pacific Sales Kitchen and Bath Centers, Partsearch Technologies, ProTheo III, ProTheo IV, ProTheo Inc., ProTheo V, Project Jaguar Inc., Retspan Deutschland GmbH, Retspan LLC, Speakeasy, Talkback, and mindSHIFT Technologies.

When was Best Buy founded?

Best Buy was founded in 1966.

What is Best Buy's official website?

The official website for Best Buy is www.bestbuy.com.

Where are Best Buy's headquarters?

Best Buy is headquartered at 7601 PENN AVE SOUTH, RICHFIELD MN, 55423.

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 5/15/2021 by MarketBeat.com Staff
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