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Best Buy (BBY) Stock Price, News & Analysis

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$86.72 +1.48 (+1.74%)
Closing price 03:59 PM Eastern
Extended Trading
$86.65 -0.06 (-0.07%)
As of 07:14 PM Eastern
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About Best Buy Stock (NYSE:BBY)

Key Stats

Today's Range
$84.70
$86.98
50-Day Range
$81.91
$93.03
52-Week Range
$69.29
$103.71
Volume
2.77 million shs
Average Volume
2.37 million shs
Market Capitalization
$18.54 billion
P/E Ratio
14.82
Dividend Yield
4.34%
Price Target
$101.72
Consensus Rating
Moderate Buy

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.

Best Buy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

BBY MarketRank™: 

Best Buy scored higher than 99% of companies evaluated by MarketBeat, and ranked 2nd out of 216 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Best Buy has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Best Buy has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Best Buy's stock forecast and price target.
  • Earnings Growth

    Earnings for Best Buy are expected to grow by 7.44% in the coming year, from $6.18 to $6.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Best Buy is 14.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Best Buy is 14.82, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 117.07.

  • Price to Earnings Growth Ratio

    Best Buy has a PEG Ratio of 2.11. 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 6.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Best Buy's valuation and earnings.
  • Percentage of Shares Shorted

    6.38% 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 4.2.
  • Change versus previous month

    Short interest in Best Buy has recently decreased by 6.48%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Best Buy is a leading dividend payer. It pays a dividend yield of 4.48%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Best Buy has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Best Buy is 64.27%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Best Buy will have a dividend payout ratio of 56.63% next year. This indicates that Best Buy will be able to sustain or increase its dividend.

  • Read more about Best Buy's dividend.
  • Percentage of Shares Shorted

    6.38% 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 4.2.
  • Change versus previous month

    Short interest in Best Buy has recently decreased by 6.48%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Best Buy has a news sentiment score of 1.41. 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 0.67 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for Best Buy this week, compared to 15 articles on an average week.
  • Search Interest

    25 people have searched for BBY on MarketBeat in the last 30 days. This is an increase of 108% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added Best Buy to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Best Buy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,049,258.00 in 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.

  • Read more about Best Buy's insider trading history.
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BBY Stock News Headlines

Indianapolis - Circa June 2016: Best Buy Retail Location. Best Buy sells a large array of brand-name electronics, computers, appliances & more III — Photo by jetcityimage2
Best Buy's Dividend Is a Bargain With Double-Digit Upside
Best Buy stock offers investors the opportunity to have double-digit upside and an attractive dividend income for the coming months.
Most People Are Dead Wrong.
Turn on any financial news outlet at any given moment and within minutes you're guaranteed to see headlines about artificial intelligence. Everyone's talking about AI right now. But see, I've been talking about it for years.
Best Buy price target lowered to $100 from $105 at Morgan Stanley
See More Headlines

BBY Stock Analysis - Frequently Asked Questions

Best Buy's stock was trading at $85.80 at the start of the year. Since then, BBY stock has increased by 1.1% and is now trading at $86.7190.
View the best growth stocks for 2025 here
.

Best Buy Co., Inc. (NYSE:BBY) issued its quarterly earnings results on Tuesday, November, 26th. The technology retailer reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.30 by $0.04. The business's quarterly revenue was down 3.2% compared to the same quarter last year.
Read the conference call transcript
.

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

Top institutional investors of Best Buy include abrdn plc (0.39%), Robeco Institutional Asset Management B.V. (0.28%), Nordea Investment Management AB (0.28%) and Sumitomo Mitsui Trust Group Inc. (0.26%). 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
.

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.

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

Last Earnings
11/26/2024
Ex-Dividend for 1/7 Dividend
12/17/2024
Dividend Payable
1/07/2025
Today
1/28/2025
Fiscal Year End
1/31/2025
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Radio, television, & electronic stores
Sub-Industry
Computer & Electronics Retail
CUSIP
08651610
Employees
85,000
Year Founded
1966

Price Target and Rating

Average Stock Price Target
$101.72
High Stock Price Target
$117.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+17.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
3.92%

Debt

Sales & Book Value

Annual Sales
$43.45 billion
Cash Flow
$11.06 per share
Book Value
$14.17 per share

Miscellaneous

Free Float
212,535,000
Market Cap
$18.47 billion
Optionable
Optionable
Beta
1.43

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This page (NYSE:BBY) was last updated on 1/28/2025 by MarketBeat.com Staff
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