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NYSE:BBY

Best Buy (BBY) Stock Price, News & Analysis

$99.07
-0.41 (-0.41%)
(As of 09/18/2024 ET)

About Best Buy Stock (NYSE:BBY)

Key Stats

Today's Range
$98.81
$100.36
50-Day Range
$80.22
$100.94
52-Week Range
$62.30
$103.71
Volume
2.32 million shs
Average Volume
3.10 million shs
Market Capitalization
$21.37 billion
P/E Ratio
17.35
Dividend Yield
3.80%
Price Target
$102.56
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

Overall MarketRank™: 92nd Percentile

Best Buy scored higher than 92% of companies evaluated by MarketBeat, and ranked 33rd out of 204 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 2.59, and is based on 9 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Best Buy has been the subject of 14 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 9.58% in the coming year, from $6.26 to $6.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Best Buy is 17.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.45.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Best Buy is 17.35, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 23.25.

  • Price to Earnings Growth Ratio

    Best Buy has a PEG Ratio of 2.56. 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 6.85. 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

    6.84% 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 4.3.
  • Change versus previous month

    Short interest in Best Buy has recently increased by 4.00%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Best Buy is a leading dividend payer. It pays a dividend yield of 3.82%, 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 65.85%. 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 54.81% 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

    6.84% 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 4.3.
  • Change versus previous month

    Short interest in Best Buy has recently increased by 4.00%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Best Buy has a news sentiment score of 0.96. 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 0.60 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Best Buy this week, compared to 13 articles on an average week.
  • Search Interest

    41 people have searched for BBY on MarketBeat in the last 30 days. This is an increase of 116% compared to the previous 30 days.
  • MarketBeat Follows

    Only 12 people have added Best Buy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $122,233,276.00 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.

BBY Stock News Headlines

Sony Logo and Camera display inside Best Buy Store
Best Buy Stock Flashes Bullish Signal, Challenges Remain
Best Buy's earnings report reflects mixed results, highlighting the company's efforts to drive growth and profitability in a challenging retail sector.
A customer turns away after looking at big-screen televisions in a Best Buy store November 21, 2023…
Best Buy reports another drop in quarterly sales as shoppers remain cautious about gadget spending
Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans pull back on purchases of appliances and other consumer electronics gadgets to focus on essentials
Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Consumer products and services news icon
Best Buy reports another quarterly sales drop as consumer electronics retailer faces cautious spending on gadgets
Best Buy reports another quarterly sales drop as consumer electronics retailer faces cautious spending on gadgets
Best Buy: Encouraging Trends, But Risks Remain (Rating Upgrade)
Best Buy Target of Unusually High Options Trading (NYSE:BBY)
See More Headlines

BBY Stock Analysis - Frequently Asked Questions

Best Buy's stock was trading at $78.28 at the start of the year. Since then, BBY stock has increased by 26.6% and is now trading at $99.07.
View the best growth stocks for 2024 here
.

Best Buy Co., Inc. (NYSE:BBY) posted its quarterly earnings results on Thursday, August, 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.18. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year.
Read the conference call transcript
.

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

Best Buy's top institutional investors include Raymond James & Associates (1.57%), Dimensional Fund Advisors LP (1.42%), Bank of New York Mellon Corp (1.33%) and Federated Hermes Inc. (1.18%). 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, Robert L Bass 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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Best Buy investors own include NVIDIA (NVDA), Intel (INTC), Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU) and Bank of America (BAC).

Company Calendar

Ex-Dividend for 7/11 Dividend
6/20/2024
Dividend Payable
7/11/2024
Last Earnings
8/29/2024
Today
9/18/2024
Ex-Dividend for 10/10 Dividend
9/19/2024
Dividend Payable
10/10/2024
Next Earnings (Estimated)
11/19/2024
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
$102.56
High Stock Price Target
$123.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
3.87%

Debt

Sales & Book Value

Annual Sales
$42.54 billion
Cash Flow
$10.91 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
214,441,000
Market Cap
$21.37 billion
Optionable
Optionable
Beta
1.46

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This page (NYSE:BBY) was last updated on 9/19/2024 by MarketBeat.com Staff
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