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: $87.62 to $89.05
• 50-Day Range: $85.20 to $94.12
• 52-Week Range: $69.29 to $103.71
• Volume: 1.77 million shs
• Average Volume: 3.08 million shs
• Market Capitalization: $18.82 billion
• P/E Ratio: 15.05
• Dividend Yield: 4.27%
• Price Target: $101.06
• Consensus Rating: Moderate Buy

Best Buy Stock Analysis - MarketRank™

Best Buy scored higher than 93% of companies evaluated by MarketBeat, and ranked 22nd out of 219 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: 3.3 / 5
• Analyst Rating: Moderate Buy

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 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.93%

Earnings Growth

Earnings for Best Buy are expected to grow by 7.93% in the coming year, from $6.18 to $6.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Best Buy is 15.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Best Buy is 15.05, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 104.83.

Price to Earnings Growth Ratio

Best Buy has a PEG Ratio of 2.19. 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 6.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.83% 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 4.4.

Change versus previous month

Short interest in Best Buy has recently increased by 16.28%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Best Buy is a leading dividend payer. It pays a dividend yield of 4.40%, 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 56.37% 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

6.83% 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 4.4.

Change versus previous month

Short interest in Best Buy has recently increased by 16.28%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.41

News Sentiment

Best Buy has a news sentiment score of 0.41. 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 lower news sentiment than the 0.54 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Best Buy this week, compared to 15 articles on an average week.

Search Interest

Only 12 people have searched for BBY on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.

MarketBeat Follows

Only 16 people have added Best Buy to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

BBY Stock Analysis - Frequently Asked Questions

How have BBY shares performed this year?

Best Buy's stock was trading at $78.28 at the beginning of the year. Since then, BBY stock has increased by 12.5% and is now trading at $88.03.
View the best growth stocks for 2024 here.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings results on Tuesday, November, 26th. The technology retailer reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by $0.04. Best Buy's revenue was down 3.2% on a year-over-year basis.
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 more.

Who are Best Buy's major shareholders?

Top institutional investors of Best Buy include State Street Corp (6.18%), Charles Schwab Investment Management Inc. (2.87%), Geode Capital Management LLC (2.26%) and Raymond James & Associates (1.59%). 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.
Compare Top Brokerages Here.

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 10/10 Dividend: 9/19/2024
• Dividend Payable: 10/10/2024
• Last Earnings: 11/26/2024
• Ex-Dividend for 1/7 Dividend: 12/17/2024
• Today: 12/27/2024
• Dividend Payable: 1/07/2025
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Radio, television, & electronic stores
• Sub-Industry: Computer & Electronics Retail
• Current Symbol: NYSE:BBY
• CUSIP: 08651610
• CIK: 764478
• Web: www.bestbuy.com
• Phone: (612) 291-1000
• Fax: 612-292-4001
• Employees: 85,000
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $101.06
• High Stock Price Target: $117.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.85
• Trailing P/E Ratio: 15.03
• Forward P/E Ratio: 14.23
• P/E Growth: 2.19
• 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: $42.23 billion
• Price / Sales: 0.45
• Cash Flow: $10.86 per share
• Price / Cash Flow: 8.10
• Book Value: $14.42 per share
• Price / Book: 6.10

Miscellaneous

• Outstanding Shares: 213,796,000
• Free Float: 212,535,000
• Market Cap: $18.80 billion
• Optionable: Optionable
• Beta: 1.44