S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:BBY

Best Buy Stock Forecast, Price & News

$105.87
+1.95 (+1.88%)
(As of 12/3/2021 12:00 AM ET)
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Today's Range
$103.65
$106.05
50-Day Range
$102.25
$138.00
52-Week Range
$95.93
$141.97
Volume
4.05 million shs
Average Volume
3.64 million shs
Market Capitalization
$26.04 billion
P/E Ratio
10.26
Dividend Yield
2.69%
Beta
1.57
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Best Buy logo

About Best Buy

Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment comprises of the operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment includes all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

Headlines

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Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
102,000
Year Founded
1966

Sales & Book Value

Annual Sales
$47.26 billion
Cash Flow
$11.48 per share
Book Value
$17.39 per share

Profitability

Net Income
$1.80 billion
Pretax Margin
6.24%

Debt

Price-To-Earnings

Miscellaneous

Free Float
245,079,000
Market Cap
$26.04 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/13/2021
Dividend Payable
10/05/2021
Last Earnings
11/23/2021
Today
12/05/2021
Fiscal Year End
1/31/2022
Next Earnings (Estimated)
2/24/2022

Social Links


MarketRank

Overall MarketRank

3.23 out of 5 stars

Retail/Wholesale Sector

10th out of 273 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

Analyst Opinion: 3.2Community Rank: 5.0Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 2 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.

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 62.0% and is now trading at $105.87.
View which stocks have been most impacted by COVID-19
.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings data on Tuesday, November, 23rd. The technology retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.95 by $0.13. The technology retailer had revenue of $11.91 billion for the quarter, compared to analyst estimates of $11.62 billion. Best Buy had a trailing twelve-month return on equity of 63.58% and a net margin of 5.05%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 EPS.
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 23rd. Shareholders of record on Tuesday, December 14th will be paid a dividend of $0.70 per share on Tuesday, January 4th. This represents a $2.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, December 13th.
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 2.69%. Best Buy has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Best Buy is 27.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 29.35% 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 updated its FY 2022 earnings guidance on Tuesday, November, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $51.80 billion-$52.30 billion, compared to the consensus revenue estimate of $51.57 billion.

What price target have analysts set for BBY?

14 analysts have issued 12 month target prices for Best Buy's shares. Their forecasts range from $97.00 to $175.00. On average, they anticipate Best Buy's share price to reach $131.08 in the next year. This suggests a possible upside of 23.8% 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:

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), 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 many different retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.80%), Bank of New York Mellon Corp (1.28%), Janus Henderson Group PLC (1.11%), Dimensional Fund Advisors LP (1.01%), LSV Asset Management (0.97%) and HS Management Partners LLC (0.84%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Brian A Tilzer, Corie S Barry, Corie S Barry, Deborah Disanzo Eldracher, Hubert Joly, Kathleen Scarlett, 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 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 Two Sigma Advisers LP, American International Group Inc., Schroder Investment Management Group, Royal Bank of Canada, AXA S.A., Putnam Investments LLC, American Century Companies Inc., and Morgan Stanley. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Deborah Disanzo Eldracher, Kathleen Scarlett, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Richard M Schulze, Robert L Bass, and Todd G Hartman.
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 Franklin Resources Inc., HS Management Partners LLC, Citadel Advisors LLC, Geode Capital Management LLC, NFJ Investment Group LLC, Millennium Management LLC, M&G Investment Management Ltd., and Wolverine Trading 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.
Compare Top Brokerages Here.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $105.87.

How much money does Best Buy make?

Best Buy has a market capitalization of $26.04 billion and generates $47.26 billion in revenue each year. The technology retailer earns $1.80 billion in net income (profit) each year or $10.32 on an earnings per share basis.

How many employees does Best Buy have?

Best Buy employs 102,000 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, Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, Five Star Trust, FutureGard Reinsurance Ltd., GC Buyer Inc., Geek Squad, Global Connect China, Jiangsu Five Star Appliance, Lively, 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, via email at [email protected], or via fax at 612-292-4001.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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