Best Buy (BBY) Stock Price, News & Analysis

Company Overview

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides delivery, installation, memberships, repair, set-up, technical support, health-related, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Key Stats

• Today's Range: $70.19 to $72.64
• 50-Day Range: $72.61 to $91.16
• 52-Week Range: $69.29 to $103.71
• Volume: 3.38 million shs
• Average Volume: 3.03 million shs
• Market Capitalization: $15.02 billion
• P/E Ratio: 12.01
• Dividend Yield: 5.41%
• Price Target: $93.50
• Consensus Rating: Hold

Best Buy Stock Analysis - MarketRank™

Best Buy scored higher than 98% of companies evaluated by MarketBeat, and ranked 10th out of 217 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Best Buy has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 9 buy ratings, 8 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Best Buy has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.28%

Earnings Growth

Earnings for Best Buy are expected to grow by 7.28% in the coming year, from $6.18 to $6.63 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Best Buy is 12.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Best Buy is 12.01, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.75.

Price to Earnings Growth Ratio

Best Buy has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Best Buy has a P/B Ratio of 4.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.82% of the float of Best Buy has been sold short.

Short Interest Ratio / Days to Cover

Best Buy has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Best Buy has recently decreased by 6.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Best Buy is a leading dividend payer. It pays a dividend yield of 4.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Best Buy has been increasing its dividend for 22 years.

Dividend Coverage

The dividend payout ratio of Best Buy is 88.99%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Best Buy will have a dividend payout ratio of 57.32% next year. This indicates that Best Buy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -1.79

Percentage of Shares Shorted

7.82% of the float of Best Buy has been sold short.

Short Interest Ratio / Days to Cover

Best Buy has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Best Buy has recently decreased by 6.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.92

News Sentiment

Best Buy has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 54 news articles for Best Buy this week, compared to 17 articles on an average week.

Search Interest

Only 20 people have searched for BBY on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

MarketBeat Follows

30 people have added Best Buy to their MarketBeat watchlist in the last 30 days. This is an increase of 173% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Best Buy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.59% of the stock of Best Buy is held by insiders.

Percentage Held by Institutions

80.96% of the stock of Best Buy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BBY Stock Analysis - Frequently Asked Questions

How have BBY shares performed this year?

Best Buy's stock was trading at $85.80 at the beginning of the year. Since then, BBY shares have decreased by 18.1% and is now trading at $70.2310.
View the best growth stocks for 2025 here.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) issued its earnings results on Tuesday, March, 4th. The technology retailer reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.18. The technology retailer earned $13.95 billion during the quarter, compared to analyst estimates of $13.69 billion. Best Buy had a net margin of 3.01% and a trailing twelve-month return on equity of 45.93%.
Read the conference call transcript.

Does Best Buy have any subsidiaries?

Best Buy subsidiaries include these companies: Two Peaks LLC d/b/a Yardbird Furniture, Current Health Ltd., Critical Signal Technologies, Swirl Networks, Lively, mindSHIFT Technologies, Five Star Appliance, and others.

Who are Best Buy's major shareholders?

Top institutional shareholders of Best Buy include Vanguard Group Inc. (10.75%), Charles Schwab Investment Management Inc. (3.07%), Raymond James Financial Inc. (2.80%) and Geode Capital Management LLC (2.38%). Insiders that own company stock include Richard M Schulze, Corie S Barry, Matthew M Bilunas, Kathleen Scarlett, Jason J Bonfig, Damien Harmon, Allison Peterson, Todd G Hartman, Mathew Watson, Deborah Disanzo Eldracher, Mario Jesus Marte and Brian A Tilzer.
View institutional ownership trends.

How do I buy shares of Best Buy?

Shares of BBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Best Buy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Best Buy investors own include Verizon Communications (VZ), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Humana (HUM), American Water Works (AWK) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 1/7 Dividend: 12/17/2024
• Dividend Payable: 1/07/2025
• Last Earnings: 3/04/2025
• Today: 3/13/2025
• Ex-Dividend for 4/15 Dividend: 3/25/2025
• Dividend Payable: 4/15/2025
• Next Earnings (Estimated): 5/29/2025
• Fiscal Year End: 1/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Radio, television, & electronic stores
• Sub-Industry: Computer & Electronics Retail
• Current Symbol: NYSE:BBY
• CIK: 764478
• Web: www.bestbuy.com
• Phone: (612) 291-1000
• Fax: 612-292-4001
• Employees: 105,000
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $93.50
• High Stock Price Target: $116.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +32.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.45
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.27
• Trailing P/E Ratio: 12.07
• Forward P/E Ratio: 11.41
• P/E Growth: 2.1
• Net Income: $1.24 billion
• Net Margins: 3.01%
• Pretax Margin: 3.92%
• Return on Equity: 45.93%
• Return on Assets: 9.08%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 1.00
• Quick Ratio: 0.22

Sales & Book Value

• Annual Sales: $41.53 billion
• Price / Sales: 0.36
• Cash Flow: $8.45 per share
• Price / Cash Flow: 8.35
• Book Value: $14.17 per share
• Price / Book: 4.98

Miscellaneous

• Outstanding Shares: 213,796,000
• Free Float: 212,535,000
• Market Cap: $15.08 billion
• Optionable: Optionable
• Beta: 1.43