NYSE:BBY - Best Buy Stock Price, News & Analysis

$68.42
-0.49 (-0.71 %)
(As of 09/17/2019 04:00 PM ET)
Today's Range
$67.57
Now: $68.42
$68.87
50-Day Range
$62.81
MA: $67.45
$77.63
52-Week Range
$47.72
Now: $68.42
$81.66
Volume2.52 million shs
Average Volume3.07 million shs
Market Capitalization$18.03 billion
P/E Ratio12.86
Dividend Yield2.90%
Beta1.11
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. Read More…

Industry, Sector and Symbol

Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
SectorRetail/Wholesale
CUSIP08651610
Phone612-291-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$42.88 billion
Cash Flow$8.5418 per share
Book Value$12.28 per share

Profitability

Net Income$1.46 billion

Miscellaneous

Employees125,000
Market Cap$18.03 billion
Next Earnings Date11/19/2019 (Estimated)
OptionableOptionable

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Best Buy (NYSE:BBY) Frequently Asked Questions

What is Best Buy's stock symbol?

Best Buy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBY."

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

Best Buy announced a quarterly dividend on Friday, August 30th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.50 per share on Thursday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, September 18th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

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

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its earnings results on Thursday, August, 29th. The technology retailer reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. The technology retailer earned $9.54 billion during the quarter, compared to the consensus estimate of $9.55 billion. Best Buy had a return on equity of 48.56% and a net margin of 3.52%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. View Best Buy's Earnings History.

When is Best Buy's next earnings date?

Best Buy is scheduled to release their next quarterly earnings announcement on Tuesday, November 19th 2019. View Earnings Estimates for Best Buy.

What guidance has Best Buy issued on next quarter's earnings?

Best Buy updated its FY20 earnings guidance on Thursday, August, 29th. The company provided earnings per share (EPS) guidance of $5.60-5.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.72. The company issued revenue guidance of $43.1-43.6 billion, compared to the consensus revenue estimate of $43.59 billion.

What price target have analysts set for BBY?

19 brokers have issued 1-year price targets for Best Buy's stock. Their forecasts range from $63.00 to $88.00. On average, they expect Best Buy's share price to reach $76.6429 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Best Buy.

What are Wall Street analysts saying about Best Buy stock?

Here are some recent quotes from research analysts about Best Buy stock:
  • 1. Wedbush analysts commented, "JCP reports 1Q results BMO on 5/21. The company was not immune to the cold weather/ calendar shift headwinds and we expect soft metrics overall with possible offset on merchandise margin pressure after clearing non-core and low-margin merchandise in 4Q. The company started 1Q with inventory down 13%, considerably lower than sales that were down 8% in 4Q. We do not expect a significant contribution to sales from exiting the major appliance business because inventory was limited to floor samples. Our checks indicate that the majority of the floor samples in categories were sold and the floor space re-purposed." (5/17/2019)
  • 2. According to Zacks Investment Research, "Best Buy’s extensive investments to upgrade operations with special focus on developing omni-channel capabilities, supply chain and cost reduction opportunities coupled with strengthening partnership with vendors bode well. The company’s “Best Buy 2020: Building the New Blue” program aims to explore growth opportunities and optimize cost. These efforts have helped the stock to outpace the industry in the past three months and continue post upbeat results, as evident from fourth-quarter fiscal 2019 performance. This prompted management to provide an encouraging fiscal 2020 view. Going forward management sees opportunity in areas including lease-to-own program, mobile devices, smart home technology and digital health. However, higher cost of investments in technology and wages and increased transportation costs may hurt margins. Best Buy expects SG&A expenses to rise in the low single-digits in fiscal 2020." (4/30/2019)

Has Best Buy been receiving favorable news coverage?

Media coverage about BBY stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Best Buy earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news coverage about the technology retailer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Best Buy.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest in August. As of August 31st, there was short interest totalling 8,604,300 shares, an increase of 5.6% from the July 31st total of 8,150,100 shares. Based on an average trading volume of 2,620,000 shares, the short-interest ratio is presently 3.3 days. Currently, 3.7% of the shares of the company are short sold. View Best Buy's Current Options Chain.

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 Intel (INTC), Netflix (NFLX), NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Citigroup (C), Bank of America (BAC), Home Depot (HD), Boeing (BA) and Starbucks (SBUX).

Who are Best Buy's key executives?

Best Buy's management team includes the folowing 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)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.34%), BlackRock Inc. (6.81%), BlackRock Inc. (6.81%), Invesco Ltd. (1.84%), AQR Capital Management LLC (1.80%) and Bank of New York Mellon Corp (1.79%). Company insiders that own Best Buy stock include Asheesh Saksena, Brian A Tilzer, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard, Todd G Hartman and Victor Kathy J Higgins. 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 Morgan Stanley, Swedbank, Holocene Advisors LP, Bank of Nova Scotia, HBK Investments L P, Bank of New York Mellon Corp, Maverick Capital Ltd. and Mackenzie Financial Corp. Company insiders that have sold Best Buy company stock in the last year include Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Rajendra M Mohan, Richard M Schulze, Todd G Hartman and Victor Kathy J Higgins. View Insider Buying and Selling for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuveen Asset Management LLC, AQR Capital Management LLC, Vanguard Group Inc., BlackRock Inc., BlackRock Inc., Renaissance Technologies LLC and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling 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 $68.42.

How big of a company is Best Buy?

Best Buy has a market capitalization of $18.03 billion and generates $42.88 billion in revenue each year. The technology retailer earns $1.46 billion in net income (profit) each year or $5.32 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.View Additional Information About Best Buy.

What is Best Buy's official website?

The official website for Best Buy is http://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]


MarketBeat Community Rating for Best Buy (NYSE BBY)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,382 (Vote Outperform)
Underperform Votes:  853 (Vote Underperform)
Total Votes:  2,235
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.
This page was last updated on 9/17/2019 by MarketBeat.com Staff

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