NYSE:BBY

Best Buy Stock Forecast, Price & News

$111.72
+0.68 (+0.61 %)
(As of 06/23/2021 02:22 PM ET)
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Today's Range
$110.47
$112.01
50-Day Range
$107.63
$125.79
52-Week Range
$82.84
$128.57
Volume51,773 shs
Average Volume2.61 million shs
Market Capitalization$27.98 billion
P/E Ratio13.07
Dividend Yield2.58%
Beta1.53
30 days | 90 days | 365 days | Advanced Chart
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Best Buy logo

About Best Buy

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.

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MarketRank

Overall MarketRank

2.27 out of 5 stars

Retail/Wholesale Sector

19th out of 402 stocks

Radio, Television, & Electronic Stores Industry

1st out of 6 stocks

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Best Buy (NYSE:BBY) Frequently Asked Questions

Is Best Buy a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Best Buy stock.
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 "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Best Buy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest in May. As of May 28th, there was short interest totaling 7,690,000 shares, a drop of 12.4% from the May 13th total of 8,780,000 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is currently 3.2 days. Currently, 3.4% of the shares of the stock are short sold.
View Best Buy's Short Interest
.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
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 results on Wednesday, May, 26th. The technology retailer reported $2.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.39 by $0.84. The technology retailer had revenue of $11.64 billion for the quarter, compared to analyst estimates of $10.43 billion. Best Buy had a trailing twelve-month return on equity of 59.67% and a net margin of 4.44%. The business's revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS.
View Best Buy's earnings history
.

How has Best Buy's stock been impacted by COVID-19?

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BBY shares have increased by 70.6% and is now trading at $111.53.
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, May 27th. Stockholders of record on Thursday, June 17th will be given a dividend of $0.70 per share on Thursday, July 8th. This represents a $2.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 16th.
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 2.58%. Best Buy does not yet have a strong track record of dividend growth. The dividend payout ratio of Best Buy is 35.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 31.53% 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?

21 brokerages have issued 1-year price objectives for Best Buy's shares. Their forecasts range from $86.00 to $144.00. On average, they anticipate Best Buy's share price to reach $120.56 in the next year. This suggests a possible upside of 8.1% 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:
  • Ms. Corie Sue Barry, CEO & Director (Age 46, Pay $2.96M)
  • Mr. R. Michael Mohan, Pres & COO (Age 53, Pay $2.69M)
  • Mr. Hubert Joly, Consultant (Age 62, Pay $2.47M)
  • Mr. Matthew M. Bilunas, Chief Financial Officer (Age 48, Pay $1.46M)
  • Ms. Kamy Scarlett, Chief HR Officer (Age 57, Pay $2.77M)
  • Mr. Whitney L. Alexander, Exec. Officer (Age 42, Pay $1.1M)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 50)
  • Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 50)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 54)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.39%), JPMorgan Chase & Co. (4.55%), Ameriprise Financial Inc. (1.87%), Geode Capital Management LLC (1.78%), AQR Capital Management LLC (1.42%) and Bank of New York Mellon Corp (1.31%). 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 major investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, JPMorgan Chase & Co., Allianz Asset Management GmbH, Nuveen Asset Management LLC, Robeco Institutional Asset Management B.V., Acadian Asset Management LLC, Lazard Asset Management LLC, and Bank of Nova Scotia. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, 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 major investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., NFJ Investment Group LLC, Renaissance Technologies LLC, Bahl & Gaynor Inc., Capital Growth Management LP, Retirement Systems of Alabama, Amundi Asset Management US Inc., and Ameriprise Financial Inc..
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 $111.53.

How much money does Best Buy make?

Best Buy has a market capitalization of $27.94 billion and generates $47.26 billion in revenue each year. The technology retailer earns $1.80 billion in net income (profit) each year or $7.91 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 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 6/23/2021 by MarketBeat.com Staff
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