Best Buy (BBY) Stock Forecast, Price & News

Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Best Buy stock.
View analyst ratings for Best Buy or view top-rated stocks.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, May 24th 2022.
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 Tuesday, May 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) issued its earnings results on Thursday, March, 3rd. The technology retailer reported $2.73 EPS for the quarter, meeting the consensus estimate of $2.73. The technology retailer earned $16.37 billion during the quarter, compared to the consensus estimate of $16.54 billion. Best Buy had a net margin of 4.74% and a trailing twelve-month return on equity of 63.23%. Best Buy's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $3.48 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 announced a quarterly dividend on Friday, March 4th. Shareholders of record on Thursday, March 24th will be paid a dividend of $0.88 per share on Thursday, April 14th. This represents a $3.52 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, March 23rd. This is an increase from Best Buy's previous quarterly dividend of $0.70.
View Best Buy's dividend history.

Is Best Buy a good dividend stock?

Best Buy pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.08%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Best Buy has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Best Buy is 35.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 33.36% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

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

Best Buy issued an update on its FY 2023 earnings guidance on Thursday, March, 31st. The company provided earnings per share (EPS) guidance of $8.850-$9.150 for the period, compared to the consensus EPS estimate of $9.160. The company issued revenue guidance of $49.30 billion-$50.80 billion, compared to the consensus revenue estimate of $51.05 billion.

What price target have analysts set for BBY?

13 brokers have issued 1-year price objectives for Best Buy's stock. Their forecasts range from $80.00 to $155.00. On average, they anticipate Best Buy's share price to reach $117.00 in the next year. This suggests a possible upside of 38.0% from the stock's current price.
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 47, Pay $3.33M) (LinkedIn Profile)
• Mr. Matthew M. Bilunas, Exec. VP & CFO (Age 49, Pay $1.89M) (LinkedIn Profile)
• Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 55, Pay $1.57M)
• Ms. Kamy Scarlett, Exec. VP of HR & Best Buy Canada (Age 58, Pay $1.99M)
• Mr. Richard M. Schulze, Founder & Chairman Emeritus (Age 81)
• Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 51)
• Mr. Brian A. Tilzer, Chief Digital, Analytics & Technology Officer (Age 51) (LinkedIn Profile)
• Ms. Mollie O'Brien, VP of Investor Relations
• Ms. Keri Grafing, Chief Compliance Officer
• Mr. Frank Crowson, Chief Marketing Officer

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?

Some companies that are related to Best Buy include GOME Retail (GMELY), Conn's (CONN), Yosen Group (YOSN), DBUB Group (DBUB) and hhgregg (HGGGQ).
View all of BBY's 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), Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), 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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.73%), BlackRock Inc. (9.51%), State Street Corp (4.44%), Charles Schwab Investment Management Inc. (1.65%), Northern Trust Corp (1.63%) and Dimensional Fund Advisors LP (1.11%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Hubert Joly, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Robert L Bass, Todd G Hartman, Todd G Hartman, Whitney L Alexander and Whitney L Alexander.
View institutional ownership trends for Best Buy.

Which major investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Simplex Trading LLC, Bahl & Gaynor Inc., Sumitomo Mitsui Trust Holdings Inc., and Robeco Institutional Asset Management B.V.. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Robert L Bass, and Todd G Hartman.
View insider buying and selling activity for Best Buy or view top insider-selling stocks.

Which major investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Invesco Ltd., Victory Capital Management Inc., Charles Schwab Investment Management Inc., SVB Wealth LLC, AEGON ASSET MANAGEMENT UK Plc, HS Management Partners LLC, and Northern Trust Corp.
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 $84.77.

How much money does Best Buy make?

Best Buy has a market capitalization of $19.07 billion and generates $51.76 billion in revenue each year. The technology retailer earns $2.45 billion in net income (profit) each year or $9.84 on an earnings per share basis.

How many employees does Best Buy have?

Best Buy employs 105,000 workers across the globe.

Does Best Buy have any subsidiaries?

The following companies are subsidiares of Best Buy: BBC Investment Co., BBC Property Co., BBY (Barbados) SRL, BBY (Mauritius I) Ltd., BBY (Mauritius II) Ltd., BBY (Mauritius III) Ltd., BBY Canada Finance LLC, BBY Global Connect (Mauritius I) Ltd., BBY Global Connect (Mauritius II) Ltd., BBY Holdings International Inc., BBY Networks Inc., BBY Services Inc., BBY Solutions Inc., Best Buy (AsiaPacific) Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE, Best Buy China, Best Buy China Holdings Ltd., Best Buy China Ltd., Best Buy Distributions Limited, Best Buy Enterprise Services Inc., Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance Inc., Best Buy Health Inc., Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.à r.l., Best Buy Product Protection Inc., Best Buy Puerto Rico Holdings LLC, Best Buy Purchasing LLC, Best Buy Shanghai Ltd., Best Buy Stores L.P., Best Buy Stores Puerto Rico LLC, Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com LLC, Best Buy Warehousing Logistics LLC, BestBuy.com LLC, CCL Insurance Company, CP Gal Richfield LLC, Critical Signal Technologies, Current Health Ltd., Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc., GTL Incorporated, Geek Squad, Jiangsu Five Star Appliance, Lily Solar Lesse LLC, Little Bear Master Tenant LLC, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC, Musicland Stores Corporation, Napster, Nichols Distribution LLC, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, 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.

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, via email at [email protected], or via fax at 612-292-4001.