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NYSE:BBY

Best Buy (BBY) Stock Price, News & Analysis

$84.29
-0.03 (-0.04%)
(As of 06/28/2024 08:55 PM ET)
Today's Range
$83.82
$85.19
50-Day Range
$69.60
$93.70
52-Week Range
$62.30
$93.72
Volume
3.63 million shs
Average Volume
3.18 million shs
Market Capitalization
$18.18 billion
P/E Ratio
14.76
Dividend Yield
4.46%
Price Target
$90.87

Best Buy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
7.8% Upside
$90.87 Price Target
Short Interest
Bearish
7.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.80mentions of Best Buy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$166.40 M Sold Last Quarter
Proj. Earnings Growth
11.13%
From $6.11 to $6.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

Retail/Wholesale Sector

35th out of 194 stocks

Radio, Television, & Electronic Stores Industry

1st out of 2 stocks

BBY stock logo

About Best Buy Stock (NYSE:BBY)

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.

BBY Stock Price History

BBY Stock News Headlines

Best Buy store sign
Best Buy Stock May Be Best Bought Before the Holiday Season
Consumer electronics retailer Best Buy Inc. NYSE: BBY stock surged to 52-week highs following a robust fiscal Q1 2025 performance. The company offers a vast selection of hardline products, including laptops, desktop computers, appliances, televisions, cameras, mobile phones, video game consoles, music, and movies.
Best Buy store sign
Best Buy Stock May Be Best Bought Before the Holiday Season
Consumer electronics retailer Best Buy Inc. (NYSE: BBY) stock surged to 52-week highs following a robust fiscal Q1 2025 performance.
Biden out June 13; replacement chosen?
On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.
Best Buy retail store and logo
Best Buy Could Break Out of Its Channel Shortly
After a painfully slow two years of trading within a tight channel, Best Buy Company Inc. NYSE: BBY rallied by a staggering 15.5% after it reported its first quarter 2024 earnings results. The initial reaction in the stock price is accredited to the unexpected recovery seen in the consumer discretionary space, particularly around consumer electronics.
Best Buy retail store and logo
Best Buy Could Break Out of Its Channel Shortly (BBY)
Best Buy is looking to break out of its tight channel on recent financial improvements, analysts boosted the stock's EPS projections and valuations
Kohl's Retail Store Location sign
From Discount to Discretionary: A Retail Sector Pulse Check (BBY)
Retail earnings reveal a tale of cautious spending, strategic shifts, and the enduring power of value in an uncertain economic climate.
The 3 Hottest Stock Upgrades From Last Week
Biden out June 13; replacement chosen?
On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.
3 Stocks to Cash In on the AI-Powered PC Craze
Best Buy Catches AI Fever
Best Buy: Close To The Beginning Of The New Cycle
See More Headlines

Company Calendar

Ex-Dividend for 4/11 Dividend
3/20/2024
Dividend Payable
4/11/2024
Last Earnings
5/30/2024
Ex-Dividend for 7/11 Dividend
6/20/2024
Today
6/30/2024
Dividend Payable
7/11/2024
Next Earnings (Estimated)
9/03/2024
Fiscal Year End
1/31/2025

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
$90.87
High Stock Price Target
$106.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+7.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
3.80%

Debt

Sales & Book Value

Annual Sales
$43.45 billion
Cash Flow
$10.75 per share
Book Value
$14.29 per share

Miscellaneous

Free Float
214,441,000
Market Cap
$18.18 billion
Optionable
Optionable
Beta
1.49

Social Links


BBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Best Buy stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BBY shares.
View BBY analyst ratings
or view top-rated stocks.

What is Best Buy's stock price target for 2024?

15 brokers have issued 12 month price objectives for Best Buy's shares. Their BBY share price targets range from $65.00 to $106.00. On average, they expect the company's share price to reach $90.87 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts price targets for BBY
or view top-rated stocks among Wall Street analysts.

How have BBY shares performed in 2024?

Best Buy's stock was trading at $78.28 at the beginning of 2024. Since then, BBY stock has increased by 7.7% and is now trading at $84.29.
View the best growth stocks for 2024 here
.

Are investors shorting Best Buy?

Best Buy saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 14,140,000 shares, a drop of 10.3% from the May 15th total of 15,760,000 shares. Based on an average trading volume of 3,220,000 shares, the short-interest ratio is presently 4.4 days. Currently, 7.2% of the company's stock are short sold.
View Best Buy's Short Interest
.

When is Best Buy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our BBY earnings forecast
.

How were Best Buy's earnings last quarter?

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings results on Thursday, May, 30th. The technology retailer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. The technology retailer earned $8.85 billion during the quarter, compared to analysts' expectations of $8.96 billion. Best Buy had a trailing twelve-month return on equity of 47.56% and a net margin of 2.90%. The business's revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share.
Read the conference call transcript
.

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

Best Buy announced a quarterly dividend on Thursday, May 30th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.94 per share on Thursday, July 11th. This represents a $3.76 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, June 20th.
Read our dividend analysis for BBY
.

Is Best Buy a good dividend stock?

Best Buy (NYSE:BBY) pays an annual dividend of $3.76 per share and currently has a dividend yield of 4.46%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 55.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

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

Best Buy issued an update on its FY25 earnings guidance on Thursday, May, 30th. The company provided earnings per share guidance of $5.75-$6.20 for the period, compared to the consensus earnings per share estimate of $6.04. The company issued revenue guidance of $41.3-$42.6 billion, compared to the consensus revenue estimate of $41.94 billion.

What is Corie Barry's approval rating as Best Buy's CEO?

1,251 employees have rated Best Buy Chief Executive Officer Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among the company's employees.

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), Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), Walt Disney (DIS), QUALCOMM (QCOM) and Alibaba Group (BABA).

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.

Does Best Buy have any subsidiaries?
The following companies are subsidiares of Best Buy: Current Health Inc. , Prospero II Master Tenant LLC, Lily Solar Lessee LLC, Little Bear Master Tenant LLC, Nichols Distribution LLC, Best Buy Stores Puerto Rico LLC, BBC Investment Co., BBC Property Co., BBY Canada Finance LLC, BBY Holdings International Inc., BBY Mauritius I Ltd., BBY Mauritius II Ltd., BBY Mauritius III Ltd., BBY Networks Inc., BBY Services Inc., BBY Solutions Inc., Best Buy AsiaPacific Limited, Best Buy Canada Ltd. / Magasins Best Buy LTEE , Best Buy China, Best Buy China Holdings Ltd., Best Buy China Ltd., Best Buy Distributions Limited, Best Buy Enterprise Services Inc., Best Buy Enterprises S. de R.L. de C.V., Best Buy Finance Inc., Best Buy Health Inc, Best Buy Imports S. de R.L. de C.V., Best Buy International Finance S.à r.l., Best Buy Product Protection Inc., Best Buy Puerto Rico Holdings LLC, Best Buy Purchasing LLC , Best Buy Shanghai Ltd., Best Buy Stores L.P. , Best Buy Stores S. de R.L. de C.V., Best Buy Texas.com LLC, Best Buy Warehousing Logistics LLC, BestBuy.com LLC, CCL Insurance Company, CP Gal Richfield LLC, Critical Signal Technologies, Current Health Limited, Current Health Ltd., Dealtree, ExB Hong Kong Limited, Five Star Appliance, GC Buyer Inc, GTL Incorporated , Geek Squad, Jiangsu Five Star Appliance, Lively, Magnolia Hi-Fi, Magnolia Hi-Fi LLC , Musicland Stores Corporation, Napster, Pacific Sales, Pacific Sales Kitchen and Bath Centers LLC, Partsearch Technologies Inc., ProTheo III LLC, ProTheo IV LLC, ProTheo Inc., ProTheo V LLC, Speakeasy, Swirl Networks, Two Peaks LLC 3, Two Peaks LLC d/b/a Yardbird Furniture, USB RETC Fund 2019-7 LLC, USB RETC Fund 2020-12 LLC, USB RETC Fund 2020-19 LLC, and mindSHIFT Technologies.
Read More
This page (NYSE:BBY) was last updated on 7/1/2024 by MarketBeat.com Staff

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