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

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$60.18 +0.61 (+1.02 %)
(As of 02/17/2019 04:00 PM ET)
Previous Close$60.18
Today's Range$59.63 - $60.43
52-Week Range$47.72 - $84.37
Volume1.95 million shs
Average Volume3.06 million shs
Market Capitalization$16.19 billion
P/E Ratio13.62
Dividend Yield3.02%
Beta0.94
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$7.0634 per share
Book Value$12.36 per share

Profitability

Net Income$1 billion

Miscellaneous

Employees125,000
Market Cap$16.19 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 paid a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. 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 buyback program on Tuesday, April 11th 2017, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 37.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its earnings results on Tuesday, November, 20th. The technology retailer reported $0.93 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.08. The technology retailer earned $9.59 billion during the quarter, compared to the consensus estimate of $9.56 billion. Best Buy had a return on equity of 44.41% and a net margin of 2.52%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business 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 Wednesday, February 27th 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 earnings per share 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 equities research analysts have issued twelve-month price objectives for Best Buy's stock. Their predictions range from $50.00 to $90.00. On average, they expect Best Buy's stock price to reach $75.2667 in the next year. This suggests a possible upside of 25.1% 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?

Media coverage about BBY stock has been trending somewhat positive on Sunday, InfoTrie reports. The research firm rates the sentiment of news 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 nearest to five being the most favorable. Best Buy earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned media headlines about the technology retailer a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.

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 Sue Barry, CFO & Strategic Transformation 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 a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.36%), Bank of New York Mellon Corp (2.11%), Northern Trust Corp (1.51%), Geode Capital Management LLC (1.35%), LSV Asset Management (1.29%) and Oregon Public Employees Retirement Fund (1.22%). 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 institutional investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, Prudential Financial Inc., Massachusetts Financial Services Co. MA, James Investment Research Inc., Hancock Whitney Corp, Pendal Group Ltd and Stifel Financial Corp. 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 institutional investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, PGGM Investments, Swedbank, Assenagon Asset Management S.A., Northern Trust Corp, State Treasurer State of Michigan, Polaris Greystone Financial Group LLC and AMF Pensionsforsakring AB. 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 $60.18.

How big of a company is Best Buy?

Best Buy has a market capitalization of $16.19 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:  1,345 (Vote Outperform)
Underperform Votes:  805 (Vote Underperform)
Total Votes:  2,150
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 2/17/2019 by MarketBeat.com Staff

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