Best Buy Co., Inc. (BBY)
| Market Cap | 17.73B |
| Revenue (ttm) | 42.83B |
| Net Income (ttm) | 1.24B |
| Shares Out | 215.71M |
| EPS (ttm) | 5.70 |
| PE Ratio | 14.42 |
| Forward PE | 13.57 |
| Dividend | $3.76 (4.58%) |
| Ex-Dividend Date | Jun 20, 2024 |
| Volume | 2,947,910 |
| Open | 81.55 |
| Previous Close | 82.29 |
| Day's Range | 80.53 - 82.21 |
| 52-Week Range | 62.30 - 93.72 |
| Beta | 1.51 |
| Analysts | Buy |
| Price Target | 90.53 (+10.17%) |
| Earnings Date | Aug 27, 2024 |
About 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 i... [Read more]
Financial Performance
In 2023, Best Buy Co.'s revenue was $43.45 billion, a decrease of -6.15% compared to the previous year's $46.30 billion. Earnings were $1.24 billion, a decrease of -12.54%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for BBY stock is "Buy." The 12-month stock price forecast is $90.53, which is an increase of 10.17% from the latest price.
News
Top 4 Consumer Stocks that May Keep You Up At Night This Month
As of June 20, 2024, four stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Best Buy has trained more than 30K employees to help sell new AI-enabled computers in hopes of ending a sales slump
Best Buy is hoping Microsoft's Copilot+ will help end its 10 quarters of declining comparable sales. More than 30,000 employees have been trained to help sell the new AI-enabled PCs.
Ulike Makes Debut Entrance Into U.S. Retail Market Via Strategic Partnership with Best Buy
The Expansion Marks Inaugural Brick-and-Mortar Retailer Presence in the U.S. for the Award-Winning, Global Beauty Brand NEW YORK , June 18, 2024 /PRNewswire/ -- Ulike , the global leader and pioneer ...
Here's Why Best Buy Stock Could Rally Another 17%
Best Buy stock could continue to rally thanks to several positive catalysts and a leaner operating model, UBS says. Here's what you need to know.
Best Buy's stock leaps after UBS makes Wall Street's most bullish call
Shares of Best Buy Inc. now appear “fully charged” for a rally, said UBS's Micheal Lasser, who on Monday became Wall Street's most bullish analyst covering the consumer electronics and appliances reta...
This Best Buy Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...
Amazon, Best Buy, Google may soon sell home smart devices, from door cams to TVs, speakers and appliances, with 'hacker-safe' label
The FCC's Cyber Trust Mark program — which does not have an official launch date yet — is intended to protect personal smart devices and has commitments from Amazon, Best Buy and Google. A 'U.S. Cyber...
Lucky Adds Best Buy to Power Omnichannel Shopping Experience for Consumer Electronics
MIAMI--(BUSINESS WIRE)--Lucky is thrilled to announce it's adding Best Buy, the world's largest specialty consumer electronics retailers, to its lineup of retailers. For the first time, consumer elect...
Best Buy to Present at the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 10
MINNEAPOLIS--(BUSINESS WIRE)--Best Buy (NYSE: BBY) announces that Corie Barry, chief executive officer, and Matt Bilunas, chief financial officer, are scheduled to participate in a virtual fireside ch...
Best Buy Catches AI Fever
Tech upgrades are coming, but the hype in the retailer's stock might be overdone.
Best Buy Stock Is Set for an AI Boost, Analyst Says
Citi analyst Steven Zaccone double upgraded shares of consumer-electronics retailer Best Buy to Buy from Sell.
Best Buy gets double-upgrade at Citi on expectations of sales growth
Analysts at Citi gave electronics retailer Best Buy Co. Inc. a rare double-upgrade on Monday, boosting their assessment in anticipation that same-store sales will start rising.
What I Learned From Costco, Best Buy, The Gap, Kohl's, Nordstrom And Ulta Beauty Last Thursday
Last Thursday was a tough day for analysts. During the day, several companies reported their recent quarterly results, and there was a lot to absorb. Every company we surveyed discussed the fact that ...
Best Buy Announces Regular Quarterly Cash Dividend
MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend ...
Best Buy CEO Corie Barry goes one-on-one with Jim Cramer
Best Buy CEO Corie Barry joins 'Mad Money' host Jim Cramer to talk implementing AI into the customer experience.
AI gives us the ability to create more at a larger scale, says Best Buy CEO Corie Barry
Best Buy CEO Corie Barry joins 'Mad Money' host Jim Cramer to talk implementing AI into the customer experience.
Best Buy CEO explains how the company is preparing to sell new AI-enabled computers
Best Buy CEO Corie Barry told CNBC's Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. "We are, as you can imagine, arming ...
Best Buy: Shoppers Are Shifting Their Spending Toward Seasonal Sales
As consumers prove more cautious about their discretionary retail spending, Best Buy is seeing shoppers hold off until sales events to make big purchases.
Best Buy Beats Profit Estimates on Services, Membership, and Laptop Demand
Shares of Best Buy (BBY) jumped over 10% in early trading Thursday after the electronics retailer beat profit forecasts on growing demand for services and laptop computers.
Best Buy posts another quarter of sluggish consumer electronics demand
Best Buy missed Wall Street's quarterly sales expectations on Thursday as softer demand for consumer electronics persisted. The retailer beat on earnings per share, though, and stuck by its full-year ...
Best Buy's stock slips after revenue and same-store sales fall more than forecast, while profit beat expectations
Shares of Best Buy Co. Inc. BBY, -0.90% slipped 0.2% in premarket trading Thursday, after the consumer electronics and appliances retailer reported fiscal first-quarter revenue and same-store sales th...
Best Buy reports bigger-than-expected drop in quarterly comparable sales
Best Buy reported a bigger-than-expected drop in first-quarter comparable sales on Thursday as Americans kept their discretionary spending in check in the face of stubborn inflation.
Best Buy Reports First Quarter Results
MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended May 4, 2024 (“Q1 FY25”), as compared to the 13-week first quarter ended April 2...
Down 7% This Year, Will Best Buy Stock Recover Following Q1 Results?
Best Buy (NYSE: BBY), a specialty retailer of consumer electronics, is scheduled to report its fiscal first-quarter results on Thursday, May 30. We expect the retailer's stock to grow post-fiscal Q1 w...
How retailers like Best Buy, T.J. Maxx and Home Depot quietly target 'problem' returners
The latest crackdown on returns is only that latest effort by retailers to tamp down on return losses, with many U.S. names using third-party tracking software.