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

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$58.20 -0.46 (-0.78 %)
(As of 12/11/2018 03:14 PM ET)
Previous Close$58.66
Today's Range$57.58 - $59.93
52-Week Range$58.07 - $84.37
Volume238,256 shs
Average Volume5.08 million shs
Market Capitalization$16.45 billion
P/E Ratio13.14
Dividend Yield2.97%
Beta1.03
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 consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods. In addition, it provides services comprising consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
SectorRetail/Wholesale
Current SymbolNYSE:BBY
Previous Symbol
CUSIP08651610
Phone612-291-1000

Debt

Debt-to-Equity Ratio0.42
Current Ratio1.10
Quick Ratio0.28

Price-To-Earnings

Trailing P/E Ratio13.14
Forward P/E Ratio11.21
P/E Growth1.01

Sales & Book Value

Annual Sales$42.15 billion
Price / Sales0.37
Cash Flow$6.7051 per share
Price / Cash Flow8.68
Book Value$12.36 per share
Price / Book4.71

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$1 billion
Net Margins2.52%
Return on Equity44.41%
Return on Assets11.27%

Miscellaneous

Employees125,000
Outstanding Shares271,470,000
Market Cap$16.45 billion
OptionableOptionable

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 declared a quarterly dividend on Wednesday, November 21st. Shareholders of record on Tuesday, December 11th will be paid a dividend of $0.45 per share on Monday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Monday, December 10th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy announced that its Board of Directors has initiated a share buyback program on Tuesday, April 11th 2017, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 37.8% of its stock through open market purchases. Stock repurchase programs are often a sign 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) posted its quarterly earnings data on Tuesday, November, 20th. The technology retailer reported $0.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.85 by $0.08. The technology retailer had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.56 billion. Best Buy had a return on equity of 44.41% and a net margin of 2.52%. Best Buy's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 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 Thursday, March 7th 2019. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY19 earnings guidance on Tuesday, November, 20th. The company provided earnings per share guidance of $5.09-5.19 for the period, compared to the Thomson Reuters consensus estimate of $5.11. The company issued revenue guidance of $42.5-42.9 billion, compared to the consensus revenue estimate of $42.74 billion.Best Buy also updated its FY 2019 guidance to $5.09-5.19 EPS.

What price target have analysts set for BBY?

15 Wall Street analysts have issued 1-year target prices for Best Buy's stock. Their predictions range from $65.00 to $90.00. On average, they expect Best Buy's stock price to reach $76.60 in the next year. This suggests a possible upside of 32.4% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Best Buy.

Has Best Buy been receiving favorable news coverage?

News coverage about BBY stock has been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Best Buy earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned headlines about the technology retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Best Buy's key competitors?

Who are Best Buy's key executives?

Best Buy's management team includes the folowing people:
  • Mr. Hubert Joly, Chairman & CEO (Age 59)
  • Ms. Corie S. Barry, Sr. EVP and Chief Transformation & Fin. Officer (Age 43)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 54)
  • Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 50)
  • Ms. Shari L. Ballard, Advisor (Age 52)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.79%), FMR LLC (8.28%), BlackRock Inc. (6.26%), AQR Capital Management LLC (3.11%), Bank of New York Mellon Corp (2.37%) and OppenheimerFunds Inc. (1.40%). Company insiders that own Best Buy stock include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze, Shari L Ballard and Victor Kathy J Higgins. 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 Renaissance Technologies LLC, Marshall Wace LLP, American Century Companies Inc., Panagora Asset Management Inc., Wells Fargo & Company MN, Mitsubishi UFJ Trust & Banking Corp, Skandinaviska Enskilda Banken AB publ and Canada Pension Plan Investment Board. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, Corie S Barry, Gerard R Vittecoq, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan, Richard M Schulze and Shari L Ballard. View Insider Buying and Selling for Best Buy.

Which major investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Swedbank, Man Group plc, Prudential Financial Inc., Bank of New York Mellon Corp, Janus Henderson Group PLC, Artemis Investment Management LLP and TIAA CREF Investment Management LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Best Buy's stock price today?

One share of BBY stock can currently be purchased for approximately $57.84.

How big of a company is Best Buy?

Best Buy has a market capitalization of $16.45 billion and generates $42.15 billion in revenue each year. The technology retailer earns $1 billion in net income (profit) each year or $4.42 on an earnings per share basis. Best Buy employs 125,000 workers across the globe.

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:  1,332 (Vote Outperform)
Underperform Votes:  789 (Vote Underperform)
Total Votes:  2,121
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 12/11/2018 by MarketBeat.com Staff

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