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

$89.94

+0.99 (+1.11 %)

(As of 01/17/2020 04:00 PM ET)

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Today's Range

$88.35

Now: $89.94▼

$90.33

50-Day Range

$78.10

MA: $86.11▼

$91.26

52-Week Range

$56.39

Now: $89.94▼

$91.83

Volume3.40 million shs

Average Volume2.38 million shs

Market Capitalization$23.27 billion

P/E Ratio16.91

Dividend Yield2.25%

Beta1.16

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

Stock Exchange NYSE

Industry Radio, television, & electronic stores

Sub-IndustryComputer & Electronics Retail

SectorRetail/Wholesale

Current SymbolNYSE:BBY

Previous Symbol

CUSIP08651610

CIK764478

Webhttp://www.bestbuy.com/

Phone612-291-1000

Debt

Debt-to-Equity Ratio1.10

Current Ratio1.05

Quick Ratio0.27

Price-To-Earnings

Trailing P/E Ratio16.91

Forward P/E Ratio15.14

P/E Growth1.75

Sales & Book Value

Annual Sales$42.88 billion

Price / Sales0.54

Cash Flow$8.38 per share

Price / Cash Flow10.73

Book Value$12.28 per share

Price / Book7.32

Profitability

EPS (Most Recent Fiscal Year)$5.32

Net Income$1.46 billion

Net Margins3.54%

Return on Equity49.43%

Return on Assets10.88%

Miscellaneous

Employees125,000

Outstanding Shares258,777,000

Market Cap$23.27 billion

Next Earnings Date2/26/2020 (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 declared a quarterly dividend on Wednesday, November 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share on Tuesday, January 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, December 16th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

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

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) announced its earnings results on Tuesday, November, 26th. The technology retailer reported $1.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.03 by $0.10. The technology retailer had revenue of $9.76 billion for the quarter, compared to analyst estimates of $9.71 billion. Best Buy had a net margin of 3.54% and a return on equity of 49.43%. Best Buy's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. 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 Wednesday, February 26th 2020. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY 2020 Pre-Market earnings guidance on Tuesday, November, 26th. The company provided earnings per share guidance of $5.81-5.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.74. The company issued revenue guidance of $$43.2-43.6 billion, compared to the consensus revenue estimate of $$43.38 billion.

What price target have analysts set for BBY?

20 brokerages have issued 12-month price targets for Best Buy's shares. Their forecasts range from $73.00 to $101.00. On average, they expect Best Buy's share price to reach $84.94 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 10 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. According to Zacks Investment Research, "Shares of Best Buy have increased and outpaced the industry year to date given its robust earnings trend. The company’s earnings not only beat the Zacks Consensus Estimate for the seventh straight quarter but also rose year-over-year when it reported second-quarter fiscal 2020 results. Also, management raised the earnings view for fiscal 2020. Moving on, Best Buy’s focus on developing omnichannel capabilities, supply chain and cost containment efforts along with strengthening partnerships with vendors bode well. However, potential effects of tariffs and volatile consumer spending led management to narrow its sales projection for the fiscal. Further, higher expenses stemming from GreatCall is a threat to margins. Additionally, continued sluggishness in international segment on account of adverse currency fluctuations remains a concern." (11/7/2019)
2. 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)

Has Best Buy been receiving favorable news coverage?

News articles about BBY stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Best Buy earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave press coverage about the technology retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Best Buy.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 7,640,000 shares, a drop of 13.3% from the December 15th total of 8,810,000 shares. Based on an average trading volume of 2,550,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.3% of the shares of the stock are sold short. View Best Buy's Current Options Chain.

Who are some of Best Buy's key competitors?

Some companies that are related to Best Buy include Lowe's Companies (LOW), Booking (BKNG), KERING S A/ADR (PPRUY), COMPAGNIE FINAN/ADR (CFRUY), TJX Companies (TJX), Target (TGT), JD.Com (JD), Wal-mart de Mexico S A B de C V (WMMVY), Walgreens Boots Alliance (WBA), Ross Stores (ROST), Pinduoduo (PDD), COMPASS GRP PLC/S (CMPGY), Dollar General (DG), ITOCHU CORP/ADR (ITOCY) and SEVEN & I HOLDI/ADR (SVNDY).

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), NVIDIA (NVDA), Home Depot (HD), Bank of America (BAC), Netflix (NFLX), Cisco Systems (CSCO), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU) and Citigroup (C).

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 institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (0.20%), Wedge Capital Management L L P NC (0.15%), PGGM Investments (0.15%), Scout Investments Inc. (0.10%), Assenagon Asset Management S.A. (0.06%) and Manning & Napier Group LLC (0.05%). 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 major investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Artemis Investment Management LLP, Commerzbank Aktiengesellschaft FI, Bowling Portfolio Management LLC, DNB Asset Management AS, United Services Automobile Association, State of Alaska Department of Revenue and Pensionfund DSM Netherlands. 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 major investors are buying Best Buy stock?

BBY stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Assenagon Asset Management S.A., Meag Munich Ergo Kapitalanlagegesellschaft MBH, LFA Lugano Financial Advisors SA, AE Wealth Management LLC, Manning & Napier Group LLC, Raymond James Trust N.A. and Huntington National Bank. 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 $89.94.

How big of a company is Best Buy?

Best Buy has a market capitalization of $23.27 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 ( )
Outperform Votes:		1,416 (Vote Outperform)
Underperform Votes:		894 (Vote Underperform)
Total Votes:		2,310

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 1/17/2020 by MarketBeat.com Staff