S&P 500   3,853.07
DOW   31,176.01
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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
pixel
S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
pixel
S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
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NYSE:BBY

Best Buy Stock Forecast, Price & News

$114.50
+2.27 (+2.02 %)
(As of 01/21/2021 12:00 AM ET)
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Today's Range
$112.28
Now: $114.50
$116.02
50-Day Range
$99.79
MA: $105.19
$114.71
52-Week Range
$48.10
Now: $114.50
$124.89
Volume2.60 million shs
Average Volume3.17 million shs
Market Capitalization$29.65 billion
P/E Ratio17.40
Dividend Yield1.96%
Beta1.52
Best Buy Co., Inc. retails technology products in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide computing and mobile phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, such as dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, and vacuums; 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, 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 Express, Best Buy Mobile, Geek Squad, Best Buy Health, CST, GreatCall, Lively, Magnolia, Pacific Kitchen, Home, greatcall.com, bestbuy.ca and bestbuy.com.mx brands, as well as through mobile applications and call centers. As of February 1, 2020, it had approximately 1,175 large-format and 56 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.
Best Buy logo

MarketRank

Overall MarketRank

2.16 out of 5 stars

Retail/Wholesale Sector

17th out of 383 stocks

Radio, Television, & Electronic Stores Industry

1st out of 6 stocks

Analyst Opinion: 2.3Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
CUSIP08651610
Phone612-291-1000
Employees125,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.64 billion
Cash Flow$9.53 per share
Book Value$13.44 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Market Cap$29.65 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$114.50
+2.27 (+2.02 %)
(As of 01/21/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Best Buy (NYSE:BBY) Frequently Asked Questions

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

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BBY shares have increased by 75.2% and is now trading at $114.50.
View which stocks have been most impacted by COVID-19
.

Is Best Buy a buy right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Best Buy stock.
View analyst ratings for Best Buy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Best Buy?

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

What is Larry J. Merlo's approval rating as Best Buy's CEO?

6,978 employees have rated Best Buy CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Best Buy's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) announced its earnings results on Monday, November, 23rd. The technology retailer reported $2.06 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.70 by $0.36. The technology retailer earned $11.85 billion during the quarter, compared to analyst estimates of $11.02 billion. Best Buy had a net margin of 3.79% and a return on equity of 52.17%. During the same quarter in the previous year, the company earned $1.13 earnings per share.
View Best Buy's earnings history
.

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

Best Buy declared a quarterly dividend on Tuesday, November 24th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.55 per share on Tuesday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, December 14th.
View Best Buy's dividend history
.

Is Best Buy a good dividend stock?

Best Buy pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.96%. Best Buy does not yet have a strock track record of dividend growth. The dividend payout ratio of Best Buy is 36.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 28.57% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

How will Best Buy's stock buyback program work?

Best Buy announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 27th 2019, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

What price target have analysts set for BBY?

23 analysts have issued 1-year price objectives for Best Buy's shares. Their forecasts range from $70.00 to $135.00. On average, they expect Best Buy's share price to reach $110.37 in the next twelve months. This suggests that the stock has a possible downside of 3.6%.
View analysts' price targets for Best Buy
or view Wall Street analyst' top-rated stocks.

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).

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)
  • Mr. R. Michael Mohan, Pres & COO (Age 53, Pay $2.69M)
  • Mr. Hubert Joly, Consultant (Age 62, Pay $2.47M)
  • Mr. Matthew M. Bilunas, Chief Financial Officer (Age 48, Pay $1.46M)
  • Ms. Kamy Scarlett, Chief HR Officer (Age 56, Pay $2.77M)
  • Mr. Whitney L. Alexander, Chief Strategy Officer (Age 42, Pay $1.1M)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 50)
  • Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 50)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 54)

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 institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.11%), Scout Investments Inc. (0.09%), Manning & Napier Group LLC (0.05%), State of Alaska Department of Revenue (0.04%), Hexavest Inc. (0.04%) and Pacer Advisors Inc. (0.02%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, 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 Hexavest Inc., Scout Investments Inc., Sowell Financial Services LLC, Transform Wealth LLC, Pendal Group Limited, Exchange Traded Concepts LLC, Paradigm Capital Management Inc. NY, and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH. 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 bought by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Denali Advisors LLC, Wedge Capital Management L L P NC, NuWave Investment Management LLC, Kestra Advisory Services LLC, Foster Group Inc., Lavaca Capital LLC, and Manning & Napier Group LLC.
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.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $114.50.

How big of a company is Best Buy?

Best Buy has a market capitalization of $29.65 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. Best Buy employs 125,000 workers across the globe.

What is Best Buy's official website?

The official website for Best Buy is 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]

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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