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NYSE:BBY

Best Buy Stock Forecast, Price & News

$74.69
+3.40 (+4.77%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$71.42
$74.74
50-Day Range
$68.48
$97.79
52-Week Range
$67.66
$141.97
Volume
5.06 million shs
Average Volume
3.38 million shs
Market Capitalization
$16.82 billion
P/E Ratio
8.29
Dividend Yield
4.94%
Price Target
$96.06
30 days | 90 days | 365 days | Advanced Chart

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BBY Stock Forecast (MarketRank)

Overall MarketRank

4.27 out of 5 stars

Retail/Wholesale Sector

1st out of 283 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

Analyst Opinion: 4.3Community Rank: 5.0Dividend Strength: 5.0Insider Behavior: 3.3Valuation: 3.8 5 -4 -3 -2 -1 -
Best Buy logo

About Best Buy (NYSE:BBY)

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

BBY Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
105,000
Year Founded
1966

Company Calendar

Ex-Dividend for 4/14 Dividend
3/23/2022
Dividend Payable
4/14/2022
Last Earnings
5/24/2022
Ex-Dividend for 7/5 Dividend
6/13/2022
Today
6/24/2022
Dividend Payable
7/05/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$96.06
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+28.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53333333333333
Research Coverage
15 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
5.34%

Debt

Sales & Book Value

Annual Sales
$51.76 billion
Cash Flow
$14.94 per share
Book Value
$12.29 per share

Miscellaneous

Free Float
224,177,000
Market Cap
$16.82 billion
Optionable
Optionable
Beta
1.42

Social Links















Best Buy Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Best Buy stock.
View analyst ratings for Best Buy
or view top-rated stocks.

What is Best Buy's stock price forecast for 2022?

15 brokers have issued 12-month target prices for Best Buy's shares. Their BBY stock forecasts range from $65.00 to $147.00. On average, they expect Best Buy's share price to reach $96.06 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts' price targets for Best Buy
or view top-rated stocks among Wall Street analysts.

How has Best Buy's stock price performed in 2022?

Best Buy's stock was trading at $101.60 at the beginning of the year. Since then, BBY stock has decreased by 26.5% and is now trading at $74.69.
View the best growth stocks for 2022 here
.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings data on Tuesday, May, 24th. The technology retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.04. The technology retailer had revenue of $10.65 billion for the quarter, compared to analysts' expectations of $10.43 billion. Best Buy had a net margin of 4.33% and a trailing twelve-month return on equity of 63.39%. Best Buy's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm earned $2.23 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 Tuesday, May 24th. Investors of record on Tuesday, June 14th will be given a dividend of $0.88 per share on Tuesday, July 5th. This represents a $3.52 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Monday, June 13th.
View Best Buy's dividend history
.

Is Best Buy a good dividend stock?

Best Buy(NYSE:BBY) pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.94%. 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 39.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 34.61% 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 2023 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of $8.40-$9.00 for the period, compared to the consensus EPS estimate of $8.90. The company issued revenue guidance of $48.30 billion-$49.90 billion, compared to the consensus revenue estimate of $50.12 billion.

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 investors 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, Brian A Tilzer, Corie S Barry, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Richard M Schulze, Robert L Bass, Todd G Hartman, Todd G Hartman, Victor Kathy J Higgins, 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., Eaton Vance Management, BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Simplex Trading LLC, Alyeska Investment Group L.P., and Bahl & Gaynor Inc.. Company insiders that have sold Best Buy company stock in the last two years include Allison Peterson, Brian A Tilzer, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Robert L Bass, Todd G Hartman, and Whitney L Alexander.
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 Capital World Investors, First Trust Advisors LP, Invesco Ltd., Victory Capital Management Inc., Charles Schwab Investment Management Inc., SVB Wealth LLC, AEGON ASSET MANAGEMENT UK Plc, and HS Management Partners LLC. Company insiders that have bought Best Buy stock in the last two years include Mario Jesus Marte, and Richard M Schulze.
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 $74.69.

How much money does Best Buy make?

Best Buy (NYSE:BBY) has a market capitalization of $16.82 billion and generates $51.76 billion in revenue each year. The technology retailer earns $2.45 billion in net income (profit) each year or $9.01 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: Current Health Inc. , Prospero II Master Tenant LLC, Lily Solar Lessee LLC, Little Bear Master Tenant LLC, Nichols Distribution LLC, Best Buy Stores Puerto Rico LLC, BBC Investment Co., BBC Property Co., BBY Canada Finance LLC, BBY Holdings International Inc., BBY Mauritius I Ltd., BBY Mauritius II Ltd., BBY Mauritius III Ltd., 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 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 Limited, Current Health Ltd., Dealtree, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc, GTL Incorporated , Geek Squad, Jiangsu Five Star Appliance, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC , Musicland Stores Corporation, Napster, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Swirl Networks, Two Peaks LLC 3, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, USB RETC Fund 2020-19 LLC, and mindSHIFT Technologies.
Read More

When was Best Buy founded?

Best Buy was founded in 1966.

How can I contact Best Buy?

Best Buy's mailing address is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. The official website for Best Buy is www.bestbuy.com. 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 (NYSE:BBY) was last updated on 6/24/2022 by MarketBeat.com Staff

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