NYSE:BBYBest Buy Stock Price, Forecast & News

$77.50

-0.59 (-0.76 %)

(As of 06/1/2020 04:00 PM ET)

Add

Compare

Today's Range

$76.07

Now: $77.50▼

$77.99

50-Day Range

$64.76

MA: $74.79▼

$87.16

52-Week Range

$48.10

Now: $77.50▼

$91.99

Volume2.25 million shs

Average Volume2.87 million shs

Market Capitalization$19.96 billion

P/E Ratio14.25

Dividend Yield2.82%

Beta1.48

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 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, 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 Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. As of February 2, 2019, it had approximately 1,187 large-format and 51 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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Best Buy has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 12 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.90, Best Buy has a potential upside of 12.1% from its current price of $77.50.
Amount of Analyst Coverage
Best Buy has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Best Buy has received 1,446 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Best Buy has received 929 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Best Buy has received 60.88% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Best Buy is a leading dividend payer. It pays a dividend yield of 2.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Best Buy has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Best Buy is 36.24 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Best Buy will have a dividend payout ratio of 36.12 % next year. This indicates that Best Buy will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Best Buy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $28,152,140.00 in company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Best Buy is held by insiders.
Percentage Held by Institutions
77.46% of the stock of Best Buy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Best Buy are expected to grow by 23.28% in the coming year, from $4.94 to $6.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Best Buy is 14.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Best Buy is 14.25, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 42.36.
Price to Earnings Growth Ratio
Best Buy has a PEG Ratio of 2.07. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Best Buy has a P/B Ratio of 5.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.79 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Radio, television, & electronic stores

Sub-IndustryComputer & Electronics Retail

SectorRetail/Wholesale

Current SymbolNYSE:BBY

Previous Symbol

CUSIP08651610

CIK764478

Webwww.bestbuy.com

Phone612-291-1000

Debt

Debt-to-Equity Ratio0.79

Current Ratio1.02

Quick Ratio0.57

Price-To-Earnings

Trailing P/E Ratio14.25

Forward P/E Ratio15.69

P/E Growth2.07

Sales & Book Value

Annual Sales$43.64 billion

Price / Sales0.46

Cash Flow$9.36 per share

Price / Cash Flow8.28

Book Value$13.44 per share

Price / Book5.77

Profitability

EPS (Most Recent Fiscal Year)$6.07

Net Income$1.54 billion

Net Margins3.33%

Return on Equity45.89%

Return on Assets9.67%

Miscellaneous

Employees125,000

Outstanding Shares257,503,000

Market Cap$19.96 billion

Next Earnings Date9/3/2020 (Estimated)

OptionableOptionable

Receive BBY News and Ratings via Email

Sign-up to receive the latest news and ratings for BBY and its competitors with MarketBeat's FREE daily newsletter.

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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BBY stock has increased by 18.6% and is now trading at $77.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Best Buy?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Best Buy.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. 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 Thursday, May, 21st. The technology retailer reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.26. The technology retailer earned $8.56 billion during the quarter, compared to analyst estimates of $8.26 billion. Best Buy had a net margin of 3.33% and a return on equity of 45.89%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. 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, May 22nd. Stockholders of record on Thursday, June 11th will be given a dividend of $0.55 per share on Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, June 10th. View Best Buy's dividend history.

How will Best Buy's stock buyback program work?

Best Buy declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 27th 2019, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for BBY?

21 brokers have issued 1 year target prices for Best Buy's stock. Their forecasts range from $70.00 to $105.00. On average, they anticipate Best Buy's share price to reach $86.90 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for Best Buy.

Has Best Buy been receiving favorable news coverage?

Headlines about BBY stock have trended somewhat negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Best Buy earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the technology retailer a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View the latest news aboutBest Buy.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,150,000 shares, an increase of 51.8% from the April 15th total of 4,710,000 shares. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.1% of the company's shares are short sold. View Best Buy's Current Options Chain.

Who are some of Best Buy's key competitors?

Some companies that are related to Best Buy include JD.Com (JD), Pinduoduo (PDD), Booking (BKNG), KERING S A/ADR (PPRUY), TJX Companies (TJX), Target (TGT), COMPAGNIE FINAN/ADR (CFRUY), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), Mercadolibre (MELI), Walgreens Boots Alliance (WBA), Ross Stores (ROST), eBay (EBAY), ITOCHU CORP/ADR (ITOCY) and O'Reilly Automotive (ORLY). View all 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 Intel (INTC), NVIDIA (NVDA), Home Depot (HD), Alibaba Group (BABA), Cisco Systems (CSCO), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Who are Best Buy's key executives?

Best Buy's management team includes the following people:

Mr. Hubert Joly, Chairman & CEO (Age 60)
Ms. Corie Sue Barry, CFO & Chief Strategic Transformation Officer (Age 44)
Mr. Keith J. Nelsen, Advisor (Age 55)
Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 51)
Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 48)

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 BlackRock Inc. (7.22%), State Street Corp (4.37%), JPMorgan Chase & Co. (2.96%), AQR Capital Management LLC (1.57%), Janus Henderson Group PLC (1.51%) and Geode Capital Management LLC (1.48%). Company insiders that own Best Buy stock include Allison Peterson, Asheesh Saksena, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Todd G Hartman and Victor Kathy J Higgins. 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 Invesco Ltd., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, American International Group Inc., Eaton Vance Management, Bank of New York Mellon Corp, and Two Sigma Investments LP. 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, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Victor Kathy J Higgins. View insider buying and selling activity for Best Buy.

Which major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AQR Capital Management LLC, Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., BlackRock Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Deutsche Bank AG. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $77.50.

How big of a company is Best Buy?

Best Buy has a market capitalization of $19.96 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 6/1/2020 by MarketBeat.com Staff