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

$76.17
-2.14 (-2.73 %)
(As of 02/28/2020 01:19 PM ET)
Today's Range
$74.26
Now: $76.17
$77.93
50-Day Range
$81.89
MA: $88.76
$91.93
52-Week Range
$61.58
Now: $76.17
$91.99
Volume222,237 shs
Average Volume2.01 million shs
Market Capitalization$19.71 billion
P/E Ratio13.46
Dividend Yield2.43%
Beta1.12
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

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$7.81 per share
Book Value$12.28 per share

Profitability

Net Income$1.46 billion

Miscellaneous

Employees125,000
Market Cap$19.71 billion
Next Earnings Date5/28/2020 (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 announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.55 per share on Thursday, April 9th. This represents a $2.20 annualized dividend and a dividend yield of 2.89%. This is a positive change from Best Buy's previous quarterly dividend of $0.50. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

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

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) posted its quarterly earnings data on Thursday, February, 27th. The technology retailer reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.15. The technology retailer earned $15.20 billion during the quarter, compared to the consensus estimate of $15.05 billion. Best Buy had a return on equity of 49.43% and a net margin of 3.54%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 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, May 28th 2020. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY21 earnings guidance on Thursday, February, 27th. The company provided EPS guidance of $6.10-6.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.03. The company issued revenue guidance of 43.3-44.3 billion, compared to the consensus revenue estimate of $44.03 billion.

What price target have analysts set for BBY?

20 brokerages have issued 1-year target prices for Best Buy's shares. Their forecasts range from $73.00 to $105.00. On average, they expect Best Buy's stock price to reach $87.00 in the next year. This suggests a possible upside of 14.4% from the stock's current price. 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 9 hold ratings and 11 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?

Media coverage about BBY stock has been trending very negative on Friday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Best Buy earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the technology retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Best Buy.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 6,650,000 shares, a drop of 17.4% from the January 30th total of 8,050,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the short-interest ratio is currently 2.5 days. Approximately 2.9% of the company's shares are sold short. View Best Buy's Current Options Chain.

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

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 a number of of institutional and retail investors. Top institutional investors include FMR LLC (8.34%), State Street Corp (4.39%), American International Group Inc. (1.60%), Geode Capital Management LLC (1.44%), Bank of New York Mellon Corp (1.35%) and LSV Asset Management (1.28%). 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 institutional investors are selling Best Buy stock?

BBY stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Ceredex Value Advisors LLC, FMR LLC, Bank of New York Mellon Corp, PGGM Investments, State of Michigan Retirement System, Artemis Investment Management LLP and Amundi Pioneer Asset Management Inc.. 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 institutional investors are buying Best Buy stock?

BBY stock was purchased by a variety of institutional investors in the last quarter, including American International Group Inc., Janus Henderson Group PLC, Boston Partners, Wedge Capital Management L L P NC, Raymond James & Associates, Rothschild & Co. Asset Management US Inc., Retirement Systems of Alabama and Man Group plc. 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 $76.03.

How big of a company is Best Buy?

Best Buy has a market capitalization of $19.68 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 (star star star)
Outperform Votes:  1,429 (Vote Outperform)
Underperform Votes:  909 (Vote Underperform)
Total Votes:  2,338
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 2/28/2020 by MarketBeat.com Staff

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