Best Buy Co., Inc. (BBY)

NYSE: BBY · IEX Real-Time Price · USD
90.32
-1.10 (-1.20%)
Feb 3, 2023, 4:00 PM EST - Market closed
-1.2%
Market Cap 19.98B
Revenue (ttm) 47.93B
Net Income (ttm) 1.55B
Shares Out 221.26M
EPS (ttm) 6.67
PE Ratio 13.54
Forward PE 12.15
Dividend $3.52 (3.90%)
Ex-Dividend Date Dec 12, 2022
Volume 1,196,398
Open 90.01
Previous Close 91.42
Day's Range 89.51 - 91.33
52-Week Range 60.79 - 112.96
Beta 1.51
Analysts Hold
Price Target 84.71 (-6.21%)
Earnings Date Mar 2, 2023

About BBY

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing 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, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company'... [Read more]

Founded 1966
Employees 57,750
Stock Exchange NYSE
Ticker Symbol BBY
Full Company Profile

Financial Performance

In 2022, Best Buy Co.'s revenue was $51.76 billion, an increase of 9.52% compared to the previous year's $47.26 billion. Earnings were $2.45 billion, an increase of 36.48%.

Financial Statements

Analyst Forecast

According to 33 analysts, the average rating for BBY stock is "Hold." The 12-month stock price forecast is $84.71, which is a decrease of -6.21% from the latest price.

Price Target
$84.71
(-6.21% downside)
Analyst Consensus: Hold
Stock Forecasts

News

9 Safe High Yield Dividend Stocks To Buy For 2023

Inflation plus rising interest rates on your variable debt may be putting the squeeze on your budget. Over the long term, investing in quality high yield dividend stocks remain one of the most effecti...

2 weeks ago - Forbes

What's Next After A 17% Fall In Best Buy's Stock?

After a 17% decline over the last year, at the current price of around $83 per share, we believe Best Buy's stock (NYSE: BBY), an electronics specialty retailer - is fairly priced.

2 weeks ago - Forbes

Best Buy (BBY) Stock Gains 33.1% in Past 3 Months: Here's Why

Best Buy's (Buy) omnichannel capabilities, including total tech and curbside pickup service are very encouraging.

3 weeks ago - Zacks Investment Research

These 5 Dividends Could Get Crushed In 2023

Hands up if you've been caught out by a snap dividend cut.

Other symbols: AREBXPTGTVNO
3 weeks ago - Forbes

Best Buy-Owned Phone Service Faces Angry Customers After 3G Network Shutdown

Some Jitterbug phone users have been unable to make calls for days

3 weeks ago - WSJ

Best Buy Takes On Amazon Prime With New Free Shipping Benefit

Unlike Amazon Prime, this service is coming to My Best Buy customers for free.

3 weeks ago - CNET

KIA IS MOST AWARDED BRAND IN 2023 CONSUMER GUIDE AUTOMOTIVE BEST BUY AWARDS

Five Kia models named the best in their respective segments Ninth consecutive win for Soul marks the longest running streak for a subcompact crossover All-electric EV6 and the 2023 Sportage take honor...

1 month ago - PRNewsWire

Best Buy (BBY) Steals the Limelight on Smart Omnichannel Moves

Best Buy's (BBY) omnichannel abilities including total tech initiative and curbside-pickup service are quite encouraging.

1 month ago - Zacks Investment Research

Retail traffic data highlights 2022 holiday winners and losers

With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season.

Other symbols: DGKSSTGTULTA
1 month ago - Reuters

Retailers are seeing consumers pull back a bit, says Jan Rogers Kniffen

Jan Kniffen, J. Rogers Kniffen Worldwide CEO, joins CNBC's 'Squawk Box' to discuss the health of the U.S. consumer amid the busy holiday shopping season.

Other symbols: HDLOWTGTWMT
1 month ago - CNBC Television

7 Undervalued Retail Stocks to Buy Now

Finding the best undervalued retail stocks to buy now has been difficult as clarity around the retail sector is not forthcoming. Consumer sentiment has moved higher, to 59.1 during the first weeks of ...

Other symbols: BKECOSTDKSKRMELIWOOF
1 month ago - InvestorPlace

Best Buy stock dips on Bank of America downgrade

Yahoo Finance Live anchors Julie Hyman discuss a Bank of America analyst's Underperform rating on Best Buy.

1 month ago - Yahoo Finance

Why Is Best Buy (BBY) Stock Down Today?

Best Buy (NYSE: BBY) stock is slipping on Wednesday after Bank of America analyst Elizabeth Suzuki hit the retailer's shares with a downgrade. That downgrade has the Bank of America analyst dropping ...

1 month ago - InvestorPlace

Best Buy Stock Is Downgraded. 'Needs' Over 'Wants' to Be Prioritized This Holiday Season.

BofA Securities has been tracking spending through the holiday season and found that consumer electronics and hobby retail spending, specifically, declined more than 13% year over year in November.

1 month ago - Barrons

Why Best Buy Stock Is Facing Selling Pressure Today - Best Buy Co (NYSE:BBY)

Best Buy Co Inc BBY shares are trading lower Wednesday following a downgrade from BofA Securities.

1 month ago - Benzinga

The Critique That Best Buy Is Just An Amazon Showroom Is Staid And Boring

Anyone that still espouses the argument misses the point of what 21st century omnichannel retailing is all about – namely, that the key to the physical side of retailing is answering the question, “Wh...

2 months ago - Forbes

Best Buy Stock: Black Friday Sales And Holiday Outlook

CEO Corie Barry spoke about the importance of sales as consumers struggle with high inflation. We look at what's happening with Best Buy stock after the company reported better financial results than ...

2 months ago - Forbes

7 Income Stocks for the Millionaire Portfolio

Millionaire investors searching for income stocks to buy have a different problem than the rest of the market players. They need to balance their portfolio's preservation of capital against generating...

Other symbols: BMOBXCMDVNMOO
2 months ago - InvestorPlace

3 Reasons Why Best Buy's Virtual Store Is A Brilliant Idea

Best Buy's new 40,000 square foot virtual store inside of a warehouse in Bloomington, MN takes online service to an entirely new level.

2 months ago - Forbes

Best Buy Proves Brick and Mortar is Here to Stay

Consumer electronics retailer Best Buy (NYSE: BBY) is the last and the largest pure-play electronics big box store. They've outlasted prior competitors

2 months ago - MarketBeat

Black Friday: Amazon, Best Buy website traffic shows retailers under pressure

Yahoo Finance Live's Brian Sozzi provides his take on total web traffic for retailers amid Black Friday.

Other symbols: AMZN
2 months ago - Yahoo Finance

This holiday season will be about in-person shopping, says Telsey Advisory Group CEO

Dana Telsey, CEO and chief research officer of Telsey Advisory Group, joins CNBC's 'Squawk Box' to discuss what to expect from the consumer this Black Friday.

Other symbols: HDLOWTGTTJXTPRULTAWMT
2 months ago - CNBC Television

Christmas could be 'bloodbath' for retailers: Former Toys 'R' Us CEO

Storch Advisors founder and CEO Gerald Storch discusses how a rail strike would impact the supply chain and inflation ahead of Christmas on 'Cavuto: Coast to Coast.' #foxbusiness #cavuto Subscribe to ...

Other symbols: GPSJWNKSSMTJX
2 months ago - Fox Business

Black Friday Looms as Some Retailers Say Sky Isn't Falling

Best Buy, Abercrombie, Dick's beat estimates as shopping ramps up.

Other symbols: ANFBURLDKSDLTRJWN
2 months ago - Investopedia

Consumers are going to shop in record numbers over the holidays, says National Retail Federation CEO

Dana Telsey, Telsey Advisory Group CEO, and Matt Shay, National Retail Federation CEO, join CNBC's 'Squawk Box' to discuss retail and what to expect for Black Friday.

Other symbols: HDLOWTGTWMT
2 months ago - CNBC Television