NYSE:BBY - Best Buy Stock Price, Price Target & More

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$76.02 -0.39 (-0.51 %)
(As of 06/20/2018 03:13 PM ET)
Previous Close$76.60
Today's Range$75.18 - $76.62
52-Week Range$51.61 - $79.90
Volume308,736 shs
Average Volume4.78 million shs
Market Capitalization$21.53 billion
P/E Ratio17.27
Dividend Yield2.34%
Beta0.86
Best Buy logoBest 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
SymbolNYSE:BBY
CUSIP08651610
Phone612-291-1000

Debt

Debt-to-Equity Ratio0.23
Current Ratio1.27
Quick Ratio0.56

Price-To-Earnings

Trailing P/E Ratio17.27
Forward P/E Ratio15.17
P/E Growth1.27

Sales & Book Value

Annual Sales$42.15 billion
Price / Sales0.50
Cash Flow$6.8859 per share
Price / Cash11.04
Book Value$12.24 per share
Price / Book6.21

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Net Margins2.39%
Return on Equity36.16%
Return on Assets10.52%

Miscellaneous

Employees125,000
Outstanding Shares279,390,000

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 declared a quarterly dividend on Friday, May 25th. Shareholders of record on Thursday, June 14th will be paid a dividend of $0.45 per share on Thursday, July 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, June 13th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its board has authorized a stock repurchase plan on Tuesday, April 11th 2017, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 37.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its quarterly earnings results on Thursday, May, 24th. The technology retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.74 by $0.08. The technology retailer had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.75 billion. Best Buy had a return on equity of 36.16% and a net margin of 2.39%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 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 Monday, August, 27th 2018. View Earnings Estimates for Best Buy.

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

Best Buy issued an update on its FY19 earnings guidance on Thursday, May, 24th. The company provided EPS guidance of $4.80-5.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.93. The company issued revenue guidance of $41-42 billion, compared to the consensus revenue estimate of $41.64 billion.Best Buy also updated its Q2 guidance to $0.77-0.82 EPS.

What price target have analysts set for BBY?

19 brokers have issued 12 month price objectives for Best Buy's shares. Their forecasts range from $47.00 to $87.00. On average, they anticipate Best Buy's share price to reach $71.50 in the next twelve months. View Analyst Ratings for Best Buy.

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 59)
  • Ms. Corie S. Barry, Chief Financial Officer (Age 43)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 54)
  • Mr. R. Michael Mohan, Sr. EVP and Chief Merchandising & Marketing Officer (Age 50)
  • Ms. Shari L. Ballard, Sr. EVP & Pres of Multi-channel Retail (Age 52)

Has Best Buy been receiving favorable news coverage?

Headlines about BBY stock have been trending somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Best Buy earned a media sentiment score of 0.08 on Accern's scale. They also assigned press coverage about the technology retailer an impact score of 44.59 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.43%), Northern Trust Corp (1.36%), Massachusetts Financial Services Co. MA (1.05%), Dimensional Fund Advisors LP (1.07%), OppenheimerFunds Inc. (1.03%) and LSV Asset Management (0.82%). 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, Paula Baker, 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 BlackRock Inc., Dimensional Fund Advisors LP, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Royal Bank of Canada, Schwab Charles Investment Management Inc. and Massachusetts Financial Services Co. MA. 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, Richard M Schulze and Shari L Ballard. View Insider Buying and Selling for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was purchased by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Mackay Shields LLC, Millennium Management LLC, Russell Investments Group Ltd., Scout Investments Inc., Wedge Capital Management L L P NC, Carillon Tower Advisers Inc. and Stevens Capital Management LP. 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 $76.02.

How big of a company is Best Buy?

Best Buy has a market capitalization of $21.53 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.

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 (BBY)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  1,181 (Vote Outperform)
Underperform Votes:  688 (Vote Underperform)
Total Votes:  1,869
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 6/20/2018 by MarketBeat.com Staff

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