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NYSE:BBY

Best Buy - BBY Stock Forecast, Price & News

$75.32
+0.46 (+0.61%)
(As of 03/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$74.66
$75.77
50-Day Range
$73.32
$91.42
52-Week Range
$60.78
$100.93
Volume
1.59 million shs
Average Volume
2.39 million shs
Market Capitalization
$16.42 billion
P/E Ratio
11.97
Dividend Yield
4.89%
Price Target
$81.44

Best Buy MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
8.1% Upside
$81.44 Price Target
Short Interest
Bearish
6.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
1.23mentions of Best Buy in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$4.07 M Sold Last Quarter
Proj. Earnings Growth
14.40%
From $6.25 to $7.15 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Retail/Wholesale Sector

72nd out of 212 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

Best Buy Co., Inc. (NYSE:BBY) CFO Sells $559,758.95 in Stock
Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)
2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
Best Buy Co., Inc. (NYSE:BBY) EVP Sells $461,074.25 in Stock
Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)
2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. pixel
Best Buy: Expertly Navigating Challenges
See More Headlines
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BBY Company Calendar

Ex-Dividend for 1/3 Dividend
12/12/2022
Dividend Payable
1/03/2023
Last Earnings
3/02/2023
Ex-Dividend for 4/13 Dividend
3/22/2023
Today
3/30/2023
Dividend Payable
4/13/2023
Next Earnings (Estimated)
5/23/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
90,000
Year Founded
1966

Price Target and Rating

Average Stock Price Forecast
$81.44
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$1.42 billion
Pretax Margin
3.86%

Debt

Sales & Book Value

Annual Sales
$46.30 billion
Cash Flow
$11.59 per share
Book Value
$12.82 per share

Miscellaneous

Free Float
217,087,000
Market Cap
$16.42 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Corie Sue BarryCorie Sue Barry
    Chief Executive Officer & Director
  • Matthew M. BilunasMatthew M. 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?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

17 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 $96.00. On average, they anticipate the company's share price to reach $81.44 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
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 shares have decreased by 6.1% and is now trading at $75.32.
View the best growth stocks for 2023 here
.

When is Best Buy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) issued its quarterly earnings data on Thursday, March, 2nd. The technology retailer reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.52. The technology retailer earned $14.74 billion during the quarter, compared to analyst estimates of $14.80 billion. Best Buy had a net margin of 3.06% and a trailing twelve-month return on equity of 55.81%. Best Buy's revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 earnings per share.
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 Thursday, March 2nd. Stockholders of record on Thursday, March 23rd will be paid a dividend of $0.92 per share on Thursday, April 13th. This represents a $3.68 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, March 22nd. This is a positive change from the stock's previous quarterly dividend of $0.88.
Read our dividend analysis for BBY
.

Is Best Buy a good dividend stock?

Best Buy (NYSE:BBY) pays an annual dividend of $3.68 per share and currently has a dividend yield of 4.98%. 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 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 58.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 51.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

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

Best Buy issued an update on its FY 2024 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of $5.70-$6.50 for the period, compared to the consensus estimate of $6.71. The company issued revenue guidance of $43.80 billion-$45.20 billion, compared to the consensus revenue estimate of $45.73 billion.

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 many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (3.38%), Charles Schwab Investment Management Inc. (2.04%), Geode Capital Management LLC (1.89%), Morgan Stanley (1.35%), Amundi (1.33%) and First Trust Advisors LP (1.20%). 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, Jason J Bonfig, 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 $75.32.

How much money does Best Buy make?

Best Buy (NYSE:BBY) has a market capitalization of $16.42 billion and generates $46.30 billion in revenue each year. The technology retailer earns $1.42 billion in net income (profit) each year or $6.29 on an earnings per share basis.

How many employees does Best Buy have?

The company employs 90,000 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 3/30/2023 by MarketBeat.com Staff