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NYSE:BBY

Best Buy Stock Forecast, Price & News

$105.57
-0.97 (-0.91 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$104.85
Now: $105.57
$106.62
50-Day Range
$106.54
MA: $116.07
$123.06
52-Week Range
$48.10
Now: $105.57
$124.89
Volume3.66 million shs
Average Volume2.74 million shs
Market Capitalization$27.34 billion
P/E Ratio16.04
Dividend Yield2.06%
Beta1.56
Best Buy Co., Inc. retails technology products 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, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products. The company's stores also offer appliances, such as dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, and vacuums; 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, memberships, protection plans, repair, set-up, and technical support services, as well as connected health services for aging consumers. The company offers its products through stores and Websites under the BestBuy, Best Buy Express, Best Buy Mobile, Geek Squad, Best Buy Health, CST, GreatCall, Lively, Magnolia, Pacific Kitchen, Home, greatcall.com, bestbuy.ca and bestbuy.com.mx brands, as well as through mobile applications and call centers. As of February 1, 2020, it had approximately 1,175 large-format and 56 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.
Best Buy logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

Industry Radio, television, & electronic stores
Sub-IndustryComputer & Electronics Retail
CUSIP08651610
Phone612-291-1000
Employees125,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.64 billion
Cash Flow$9.15 per share
Book Value$15.79 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Market Cap$27.34 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$105.57
-0.97 (-0.91 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Best Buy (NYSE:BBY) Frequently Asked Questions

How has Best Buy's stock price been impacted by COVID-19 (Coronavirus)?

Best Buy's stock was trading at $65.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BBY stock has increased by 61.5% and is now trading at $105.57.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Best Buy?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Best Buy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Best Buy?

Wall Street analysts have given Best Buy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Best Buy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Best Buy's next earnings date?

Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Best Buy
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) announced its earnings results on Monday, November, 23rd. The technology retailer reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.36. Best Buy had a net margin of 3.79% and a return on equity of 52.17%. During the same period in the previous year, the firm posted $1.13 EPS.
View Best Buy's earnings history
.

How often does Best Buy pay dividends? What is the dividend yield for Best Buy?

Best Buy announced a quarterly dividend on Tuesday, November 24th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.55 per share on Tuesday, January 5th. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, December 14th.
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 share buyback plan on Wednesday, February 27th 2019, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 18.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

What price target have analysts set for BBY?

24 equities research analysts have issued 12 month target prices for Best Buy's shares. Their forecasts range from $70.00 to $135.00. On average, they anticipate Best Buy's share price to reach $109.57 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Best Buy
.

Are investors shorting Best Buy?

Best Buy saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,440,000 shares, an increase of 18.8% from the October 15th total of 4,580,000 shares. Based on an average trading volume of 2,400,000 shares, the short-interest ratio is currently 2.3 days. Approximately 2.4% of the company's stock are sold short.
View Best Buy's Short Interest
.

Who are some of Best Buy's key competitors?

Some companies that are related to Best Buy include GOME Retail (GMELY), Conn's (CONN), Yosen Group (YOSN), DBUB Group (DBUB) and hhgregg (HGGGQ).
View all 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 NVIDIA (NVDA), Intel (INTC), The Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), The Walt Disney (DIS), QUALCOMM (QCOM) and Alibaba Group (BABA).

Who are Best Buy's key executives?

Best Buy's management team includes the following people:
  • Ms. Corie Sue Barry, CEO & Director (Age 45, Pay $2.96M)
  • Mr. R. Michael Mohan, Pres & COO (Age 52, Pay $2.69M)
  • Mr. Hubert Joly, Consultant (Age 61, Pay $2.47M)
  • Mr. Matthew M. Bilunas, Chief Financial Officer (Age 47, Pay $1.46M)
  • Ms. Kamy Scarlett, Chief HR Officer (Age 56, Pay $2.77M)
  • Mr. Whitney L. Alexander, Chief Strategy Officer (Age 41, Pay $1.1M)
  • Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 49)
  • Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 49)
  • Ms. Mollie O'Brien, VP of Investor Relations
  • Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 53)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.26%), JPMorgan Chase & Co. (4.80%), State Street Corp (4.38%), Boston Partners (1.85%), AQR Capital Management LLC (1.54%) and Charles Schwab Investment Management Inc. (1.28%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins and Whitney L Alexander.
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 American International Group Inc., AQR Capital Management LLC, Boston Partners, Artemis Investment Management LLP, Rothschild & Co. Asset Management US Inc., LSV Asset Management, Allianz Asset Management GmbH, and Wedge Capital Management L L P NC. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
View insider buying and selling activity for Best Buy
.

Which institutional investors are buying Best Buy stock?

BBY stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nuveen Asset Management LLC, Acadian Asset Management LLC, Jupiter Asset Management Ltd., Ferguson Wellman Capital Management Inc., Morgan Stanley, Federated Hermes Inc., and Squarepoint Ops LLC.
View insider buying and selling activity 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 $105.57.

How big of a company is Best Buy?

Best Buy has a market capitalization of $27.34 billion and generates $43.64 billion in revenue each year. The technology retailer earns $1.54 billion in net income (profit) each year or $6.07 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 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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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