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

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$69.89 -0.35 (-0.50 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$70.24
Today's Range$69.72 - $70.62
52-Week Range$47.72 - $84.37
Volume3.50 million shs
Average Volume3.64 million shs
Market Capitalization$18.81 billion
P/E Ratio13.14
Dividend Yield2.56%
Beta0.94
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

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$8.4613 per share
Book Value$12.28 per share

Profitability

Net Income$1.46 billion

Miscellaneous

Employees125,000
Market Cap$18.81 billion
Next Earnings Date5/23/2019 (Estimated)
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, February 27th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.50 per share on Wednesday, April 10th. This represents a $2.00 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, March 19th. This is a boost from Best Buy's previous quarterly dividend of $0.45. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy declared that its board has authorized a stock buyback program on Wednesday, February 27th 2019, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) released its quarterly earnings results on Wednesday, February, 27th. The technology retailer reported $2.72 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.57 by $0.15. The technology retailer earned $14.80 billion during the quarter, compared to analyst estimates of $14.69 billion. Best Buy had a return on equity of 46.33% and a net margin of 3.41%. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 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 Thursday, May 23rd 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 Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $5.45-5.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.48. The company issued revenue guidance of $42.9-43.9 billion, compared to the consensus revenue estimate of $43.39 billion.Best Buy also updated its Q1 guidance to $0.83-0.88 EPS.

What price target have analysts set for BBY?

16 brokers have issued 12-month target prices for Best Buy's stock. Their predictions range from $50.00 to $90.00. On average, they expect Best Buy's share price to reach $75.7857 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Best Buy.

Has Best Buy been receiving favorable news coverage?

News coverage about BBY stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Best Buy earned a coverage optimism score of -1.8 on InfoTrie's scale. They also gave news stories about the technology retailer a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

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), Bank of America (BAC), Alibaba Group (BABA), Home Depot (HD), Cisco Systems (CSCO), Citigroup (C), Twitter (TWTR) 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 & Strategic Transformation Officer (Age 44)
  • Mr. Keith J. Nelsen, Gen. Counsel & Sec. (Age 55)
  • Mr. R. Michael Mohan, Chief Operating Officer of Best Buy U.S. (Age 51)
  • Ms. Shari L. Ballard, Advisor (Age 53)

Who are Best Buy's major shareholders?

Best Buy's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (8.75%), BlackRock Inc. (6.36%), Bank of New York Mellon Corp (2.11%), Northern Trust Corp (1.51%), Geode Capital Management LLC (1.35%) and LSV Asset Management (1.29%). 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 institutional investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, Prudential Financial Inc., Massachusetts Financial Services Co. MA, James Investment Research Inc., Hancock Whitney Corp, Pendal Group Ltd and Stifel Financial Corp. Company insiders that have sold Best Buy company stock in the last year include Asheesh Saksena, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Mathew Watson, Patricia H Walker, Rajendra M Mohan and Richard M Schulze. View Insider Buying and Selling for Best Buy.

Which institutional investors are buying Best Buy stock?

BBY stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, FMR LLC, PGGM Investments, Swedbank, Assenagon Asset Management S.A., Northern Trust Corp and State Treasurer State of Michigan. 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 $69.89.

How big of a company is Best Buy?

Best Buy has a market capitalization of $18.81 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.

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:  1,353 (Vote Outperform)
Underperform Votes:  818 (Vote Underperform)
Total Votes:  2,171
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 3/19/2019 by MarketBeat.com Staff

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