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NYSE:BBY

Best Buy - BBY Stock Forecast, Price & News

$87.64
+1.26 (+1.46%)
(As of 01/31/2023 11:57 AM ET)
Add
Compare
Today's Range
$86.65
$87.94
50-Day Range
$70.83
$86.60
52-Week Range
$60.78
$112.96
Volume
656,387 shs
Average Volume
2.05 million shs
Market Capitalization
$19.39 billion
P/E Ratio
13.12
Dividend Yield
4.13%
Price Target
$82.71

Best Buy MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
5.8% Downside
$82.71 Price Target
Short Interest
Bearish
5.47% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.99mentions of Best Buy in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$30.20 M Sold Last Quarter
Proj. Earnings Growth
3.50%
From $6.58 to $6.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Retail/Wholesale Sector

28th out of 216 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks


BBY stock logo

About Best Buy (NYSE:BBY) Stock

Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment is made up of all operations outside the U.S. and its territories, including Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

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BBY Stock News Headlines

MarketBeat: Week in Review 11/28 – 12/02 (BBY)
Investors continue to monitor the Federal Reserve, but the MarketBeat team helps you look past the headlines. Here are the stories moving the market this week
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Best Buy to lay off about 700 Canadian employees
Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
BBY Best Buy Co., Inc.
Best Buy probably had a bad holiday season, analyst warns
Best Buy Stock Hits New 52-Week Low (BBY)
See More Headlines
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BBY Company Calendar

Last Earnings
11/22/2022
Ex-Dividend for 1/3 Dividend
12/12/2022
Dividend Payable
1/03/2023
Today
1/31/2023
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$82.71
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
-5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
18 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
4.12%

Debt

Sales & Book Value

Annual Sales
$51.76 billion
Cash Flow
$14.39 per share
Book Value
$12.55 per share

Miscellaneous

Free Float
220,290,000
Market Cap
$19.39 billion
Optionable
Optionable
Beta
1.48

Social Links


Key Executives

  • Corie Sue BarryCorie Sue Barry
    Chief Executive Officer & Director
  • Matthew BilunasMatthew Bilunas
    Chief Financial Officer
  • Brian TilzerBrian Tilzer
    Chief Digital & Technology Officer
  • Daniel Grossman
    Chief Medical Officer
  • Keri Grafing
    Chief Compliance Officer













BBY Stock - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

18 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, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BBY shares. 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 BBY analyst ratings
or view top-rated stocks.

What is Best Buy's stock price forecast for 2023?

18 Wall Street research analysts have issued twelve-month target prices for Best Buy's stock. Their BBY share price forecasts range from $69.00 to $105.00. On average, they expect the company's stock price to reach $82.71 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for BBY
or view top-rated stocks among Wall Street analysts.

How have BBY shares performed in 2023?

Best Buy's stock was trading at $80.21 at the start of the year. Since then, BBY stock has increased by 7.7% and is now trading at $86.38.
View the best growth stocks for 2023 here
.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest in December. As of December 30th, there was short interest totaling 10,060,000 shares, an increase of 8.6% from the December 15th total of 9,260,000 shares. Based on an average daily trading volume, of 2,980,000 shares, the short-interest ratio is presently 3.4 days. Currently, 5.1% of the company's shares are sold short.
View Best Buy's Short Interest
.

When is Best Buy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings data on Tuesday, November, 22nd. The technology retailer reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. The technology retailer had revenue of $10.59 billion for the quarter, compared to analysts' expectations of $10.30 billion. Best Buy had a trailing twelve-month return on equity of 57.26% and a net margin of 3.23%. The company's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period last year, the firm posted $2.08 EPS.
Read the conference call transcript
.

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

Best Buy declared a quarterly dividend on Tuesday, November 22nd. Shareholders of record on Tuesday, December 13th will be paid a dividend of $0.88 per share on Tuesday, January 3rd. This represents a $3.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Monday, December 12th.
Read our dividend analysis for BBY
.

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 4.13%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 51.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

What is Corie Barry's approval rating as Best Buy's CEO?

1,251 employees have rated Best Buy Chief Executive Officer Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among the company's employees.

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 a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.43%), Ceredex Value Advisors LLC (0.29%), Ferguson Wellman Capital Management Inc. (0.15%), New York State Common Retirement Fund (0.10%), New York State Teachers Retirement System (0.10%) and Capital Investment Advisors LLC (0.09%). Insiders that own company 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, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Robert L Bass, Todd G Hartman, Todd G Hartman, Whitney L Alexander and Whitney L Alexander.
View institutional ownership trends
.

How do I buy shares of Best Buy?

Shares of BBY stock 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 $86.38.

How much money does Best Buy make?

Best Buy (NYSE:BBY) has a market capitalization of $19.11 billion and generates $51.76 billion in revenue each year. The technology retailer earns $2.45 billion in net income (profit) each year or $6.68 on an earnings per share basis.

How many employees does Best Buy have?

The company 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
How can I contact Best Buy?

Best Buy's mailing address is 7601 PENN AVE SOUTH, RICHFIELD MN, 55423. The official website for the company is www.bestbuy.com. The technology retailer can be reached via phone at (612) 291-1000, via email at investorrelations@bestbuy.com, or via fax at 612-292-4001.

This page (NYSE:BBY) was last updated on 1/31/2023 by MarketBeat.com Staff