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.
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Industry, Sector and Symbol
Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
SectorRetail/Wholesale
Phone612-291-1000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$42.88 billion
Profitability
Miscellaneous
Employees125,000
Next Earnings Date5/21/2020 (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 announced a quarterly dividend on Thursday, February 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost 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 announced that its board has initiated a stock buyback plan on Wednesday, February 27th 2019, which permits the company to buyback $3,000,000,000.00 in 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 generally an indication that the company's management believes its stock is undervalued.
How were Best Buy's earnings last quarter?
Best Buy Co Inc (NYSE:BBY) released its quarterly earnings data on Thursday, February, 27th. The technology retailer reported $2.90 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.15. The technology retailer earned $15.20 billion during the quarter, compared to analysts' expectations of $15.05 billion. Best Buy had a net margin of 3.54% and a return on equity of 49.43%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.72 EPS. View Best Buy's Earnings History.
When is Best Buy's next earnings date?
What guidance has Best Buy issued on next quarter's earnings?
Best Buy issued an update on its FY21 earnings guidance on Thursday, February, 27th. The company provided earnings per share 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 analysts have issued 1 year target prices for Best Buy's stock. Their forecasts range from $73.00 to $105.00. On average, they expect Best Buy's share price to reach $86.44 in the next year. This suggests a possible upside of 10.4% 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?
Headlines about BBY stock have trended negative on Friday, InfoTrie reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Best Buy earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave media headlines about the technology retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Best Buy.
Are investors shorting Best Buy?
Best Buy saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 6,650,000 shares, a decline 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 days-to-cover ratio is currently 2.5 days. Currently, 2.9% of the company's stock are short sold. 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 CVS Health (CVS), TJX Companies (TJX), COMPAGNIE FINAN/ADR (CFRUY), KERING S A/ADR (PPRUY), Booking (BKNG), JD.Com (JD), Target (TGT), Wal-mart de Mexico S A B de C V (WMMVY), Ross Stores (ROST), Walgreens Boots Alliance (WBA), Dollar General (DG), Pinduoduo (PDD), COMPASS GRP PLC/S (CMPGY), ITOCHU CORP/ADR (ITOCY) and Mercadolibre (MELI).
What other stocks do shareholders of Best Buy own?
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 major 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 major investors are buying Best Buy stock?
BBY stock was bought 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 $78.31.
How big of a company is Best Buy?
Best Buy has a market capitalization of $20.27 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?
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)
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.
