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Best Buy Stock Price, News & Analysis (NYSE:BBY)

$70.64
+0.76 (+1.09 %)
(As of 10/18/2019 03:37 PM ET)
Today's Range
$69.31
Now: $70.64
$70.96
50-Day Range
$62.81
MA: $67.00
$69.81
52-Week Range
$47.72
Now: $70.64
$78.53
Volume1.43 million shs
Average Volume1.92 million shs
Market Capitalization$18.62 billion
P/E Ratio13.28
Dividend Yield2.94%
Beta1.14
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$8.76 per share
Book Value$12.28 per share

Profitability

Net Income$1.46 billion

Miscellaneous

Employees125,000
Market Cap$18.62 billion
Next Earnings Date11/19/2019 (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 Friday, August 30th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.50 per share on Thursday, October 10th. This represents a $2.00 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, September 18th. View Best Buy's Dividend History.

How will Best Buy's stock buyback program work?

Best Buy announced that its Board of Directors has initiated a share buyback program on Wednesday, February 27th 2019, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

How were Best Buy's earnings last quarter?

Best Buy Co Inc (NYSE:BBY) issued its earnings results on Thursday, August, 29th. The technology retailer reported $1.08 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.09. The technology retailer had revenue of $9.54 billion for the quarter, compared to the consensus estimate of $9.55 billion. Best Buy had a return on equity of 48.56% and a net margin of 3.52%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 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 Tuesday, November 19th 2019. View Earnings Estimates for Best Buy.

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

Best Buy updated its FY 2020 earnings guidance on Wednesday, September, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $43.1-43.6 billion, compared to the consensus revenue estimate of $43.39 billion.

What price target have analysts set for BBY?

19 Wall Street analysts have issued twelve-month price targets for Best Buy's shares. Their forecasts range from $63.00 to $100.00. On average, they anticipate Best Buy's share price to reach $78.56 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Best Buy.

What is the consensus analysts' recommendation for Best Buy?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 9 hold ratings, 9 buy ratings and 1 strong buy rating 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. 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)
  • 2. According to Zacks Investment Research, "Best Buy’s extensive investments to upgrade operations with special focus on developing omni-channel capabilities, supply chain and cost reduction opportunities coupled with strengthening partnership with vendors bode well. The company’s “Best Buy 2020: Building the New Blue” program aims to explore growth opportunities and optimize cost. These efforts have helped the stock to outpace the industry in the past three months and continue post upbeat results, as evident from fourth-quarter fiscal 2019 performance. This prompted management to provide an encouraging fiscal 2020 view. Going forward management sees opportunity in areas including lease-to-own program, mobile devices, smart home technology and digital health. However, higher cost of investments in technology and wages and increased transportation costs may hurt margins. Best Buy expects SG&A expenses to rise in the low single-digits in fiscal 2020." (4/30/2019)

Has Best Buy been receiving favorable news coverage?

Media stories about BBY stock have trended neutral on Friday, InfoTrie reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Best Buy earned a news impact score of 0.2 on InfoTrie's scale. They also gave news articles about the technology retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Best Buy.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest in September. As of September 30th, there was short interest totalling 5,840,000 shares, a drop of 13.9% from the August 30th total of 6,780,000 shares. Based on an average daily volume of 2,650,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.5% 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), Netflix (NFLX), NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (BAC), Citigroup (C), Home Depot (HD), Cisco Systems (CSCO), Boeing (BA) and Micron Technology (MU).

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 retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.43%), Artemis Investment Management LLP (0.28%), Scout Investments Inc. (0.10%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.04%) and Commerzbank Aktiengesellschaft FI (0.04%). 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 Artemis Investment Management LLP, Pacer Advisors Inc., Commerzbank Aktiengesellschaft FI, Meeder Asset Management Inc., Gateway Investment Advisers LLC, Gyroscope Capital Management Group LLC, CX Institutional and Nisa Investment Advisors LLC. 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 bought by a variety of institutional investors in the last quarter, including Scout Investments Inc., Robeco Institutional Asset Management B.V., Polaris Greystone Financial Group LLC, State of Alaska Department of Revenue, Envestnet Asset Management Inc., Oakbrook Investments LLC, Clear Street Markets LLC and Fox Run Management L.L.C.. 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 $70.64.

How big of a company is Best Buy?

Best Buy has a market capitalization of $18.62 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:  1,392 (Vote Outperform)
Underperform Votes:  863 (Vote Underperform)
Total Votes:  2,255
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 10/18/2019 by MarketBeat.com Staff

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