NYSE:BBY

Best Buy Stock Forecast, Price & News

$119.51
-2.05 (-1.69 %)
(As of 04/13/2021 12:57 PM ET)
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Today's Range
$119.27
Now: $119.51
$121.84
50-Day Range
$98.24
MA: $112.63
$122.48
52-Week Range
$63.59
Now: $119.51
$124.89
Volume90,867 shs
Average Volume2.85 million shs
Market Capitalization$29.88 billion
P/E Ratio18.16
Dividend Yield2.29%
Beta1.52
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 and mobile phones, such as computing covering desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions, networking products, tablets covering e-readers, and wearables, such as 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 appliances, 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 beverages, snacks, and sundry items, as well as baby products, furniture, luggage, and sporting goods. In addition, it provides consultation, delivery, design, 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 BestBuy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia, Pacific Kitchen, and Home, as well as the domain names bestbuy.com and greatcall.com. As of January 30, 2021, it had 1,126 large-format and 33 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.
Best Buy logo

Industry, Sector and Symbol

Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
CUSIP08651610
Phone612-291-1000
Employees61,200
Year Founded1966

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.64 billion
Cash Flow$9.95 per share
Book Value$13.44 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Market Cap$29.88 billion
Next Earnings Date5/20/2021 (Estimated)
OptionableOptionable

Headlines

Bear of the Day: Best Buy (BBY)
April 12, 2021 |  finance.yahoo.com
Best Buy Launches $200 Per Year Membership Program
April 8, 2021 |  finance.yahoo.com
Fresh Highs Could Be in Store for Rebounding BBY
April 7, 2021 |  finance.yahoo.com
Why Stephanie Link Finally Bought Best Buy
April 6, 2021 |  benzinga.com
Why Best Buy Stock Gained 14% in March
April 6, 2021 |  finance.yahoo.com
Is BBY Stock A Buy or Sell?
March 29, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.12 out of 5 stars

Retail/Wholesale Sector

22nd out of 383 stocks

Radio, Television, & Electronic Stores Industry

1st out of 6 stocks

Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$119.51
-2.05 (-1.69 %)
(As of 04/13/2021 12:57 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 3 sell ratings, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research 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.

What stocks does MarketBeat like better than Best Buy?

Wall Street analysts have given Best Buy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Best Buy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, May 20th 2021.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) announced its quarterly earnings data on Wednesday, February, 24th. The technology retailer reported $3.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.46 by $0.02. The technology retailer had revenue of $16.94 billion for the quarter, compared to analyst estimates of $17.19 billion. Best Buy had a net margin of 3.79% and a trailing twelve-month return on equity of 52.17%.
View Best Buy's earnings history
.

How has Best Buy's stock price 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 82.7% and is now trading at $119.44.
View which stocks have been most impacted by COVID-19
.

How often does Best Buy pay dividends? What is the dividend yield for Best Buy?

Best Buy declared a quarterly dividend on Thursday, February 25th. Shareholders of record on Thursday, March 18th will be paid a dividend of $0.70 per share on Thursday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, March 17th. This is a positive change from Best Buy's previous quarterly dividend of $0.55.
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 2.29%. Best Buy does not yet have a strock track record of dividend growth. The dividend payout ratio of Best Buy is 46.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 36.36% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy's dividend history.

What price target have analysts set for BBY?

25 Wall Street analysts have issued 12 month target prices for Best Buy's stock. Their forecasts range from $70.00 to $135.00. On average, they expect Best Buy's stock price to reach $109.00 in the next year. This suggests that the stock has a possible downside of 8.7%.
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 46, Pay $2.96M) (LinkedIn Profile)
  • Mr. R. Michael Mohan, Pres & COO (Age 53, Pay $2.69M) (LinkedIn Profile)
  • Mr. Hubert Joly, Consultant (Age 62, Pay $2.47M)
  • Mr. Matthew M. Bilunas, Chief Financial Officer (Age 48, Pay $1.46M) (LinkedIn Profile)
  • Ms. Kamy Scarlett, Chief HR Officer (Age 57, Pay $2.77M) (LinkedIn Profile)
  • Mr. Whitney L. Alexander, Exec. Officer (Age 42, Pay $1.1M) (LinkedIn Profile)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 50)
  • Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 50) (LinkedIn Profile)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 54) (LinkedIn Profile)

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), The Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), The 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 variety of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.12%), State of Alaska Department of Revenue (0.04%), Royal London Asset Management Ltd. (0.03%), Pacer Advisors Inc. (0.03%), Fulcrum Capital LLC (0.02%) and Hexavest Inc. (0.02%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins 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 Hexavest Inc., State of Alaska Department of Revenue, NuWave Investment Management LLC, Legacy Private Trust Co., Pensionfund Sabic, Carolina Wealth Advisors LLC, First Hawaiian Bank, and Fulton Bank N.A.. 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, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
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 acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Fulcrum Capital LLC, Pacer Advisors Inc., TrimTabs Asset Management LLC, First National Bank of Mount Dora Trust Investment Services, Royal London Asset Management Ltd., Everence Capital Management Inc., and Huntington National Bank.
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 $119.44.

How much money does Best Buy make?

Best Buy has a market capitalization of $29.87 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.

How many employees does Best Buy have?

Best Buy employs 61,200 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 Inc, Dealtree.com, ExB Hong Kong Limited, Five Star Appliance, Five Star Trust, FutureGard Reinsurance Ltd., GC Buyer Inc., Geek Squad, Global Connect China, GreatCall, Jiangsu Five Star Appliance, 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 or via email at [email protected]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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