Best Buy Co., Inc. (BBY)

NYSE: BBY · IEX Real-Time Price · USD
76.23
+1.06 (1.41%)
At close: Apr 17, 2024, 4:00 PM
76.90
+0.67 (0.88%)
After-hours: Apr 17, 2024, 7:58 PM EDT
1.41%
Market Cap 16.42B
Revenue (ttm) 43.45B
Net Income (ttm) 1.24B
Shares Out 215.40M
EPS (ttm) 5.68
PE Ratio 13.42
Forward PE 12.41
Dividend $3.76 (4.93%)
Ex-Dividend Date Mar 20, 2024
Volume 2,306,716
Open 75.75
Previous Close 75.17
Day's Range 75.34 - 76.69
52-Week Range 62.30 - 86.11
Beta 1.51
Analysts Buy
Price Target 84.27 (+10.55%)
Earnings Date May 23, 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]

Founded 1966
Employees 85,000
Stock Exchange NYSE
Ticker Symbol BBY
Full Company Profile

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 Statements

Analyst Forecast

According to 15 analysts, the average rating for BBY stock is "Buy." The 12-month stock price forecast is $84.27, which is an increase of 10.55% from the latest price.

Price Target
$84.27
(10.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Best Buy lays off some Geek Squad, phone support workers amid shift to AI

Best Buy, in a shift toward AI, laid off Geek Squad field agents, home-theater repair technicians and phone support specialists, according to current and former employees.

6 days ago - TechXplore

Best Buy Teams With Google on AI-Powered Virtual Assistant

Best Buy teamed with Google and Accenture on new artificial intelligence-powered offerings for customers.

8 days ago - PYMNTS

Cramer's Stop Trading: Best Buy

CNBC's Jim Cramer explains why he is keeping an eye on shares of Best Buy.

8 days ago - CNBC Television

Best Buy, Google Cloud, and Accenture Partner to Create a Better Customer Support Experience with Generative AI

Best Buy selects Google Cloud as its AI innovation and strategic partner for several of its key customer care initiatives MINNEAPOLIS , April 9, 2024 /PRNewswire/ -- Cloud Next '24, LAS VEGAS -- Best ...

8 days ago - PRNewsWire

Best Buy just laid off a bunch of Geek Squad workers

Best Buy laid off numerous employees in its field tech support division. Geek Squad workers told 404 Media they were let go last week in brief calls with managers.

9 days ago - Business Insider

The goods economy is making a comeback, says JPMorgan's Christopher Horvers

Christopher Horvers, JPMorgan senior analyst, joins 'Closing Bell' to discuss the call to upgrade Best Buy and more.

26 days ago - CNBC Television

Here's why Loop Capital's Anthony Chukumba dubbed Best Buy stock a 'stealth housing play'

Anthony Chukumba, Loop Capital senior analyst, joins 'The Exchange' to discuss his bullish outlook for Best Buy, the company's stock potential compared to those with more direct housing market exposur...

26 days ago - CNBC Television

Loop Capital says invest in Best Buy to capitalise on housing market rebound

Best Buy Co Inc (NYSE: BBY) is in the green at writing after a senior Loop Capital analyst issued a bullish note in its favour.

4 weeks ago - Invezz

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 14

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy (NYSE: BBY) is scheduled to present at the UBS Global Consumer and Retail Conference on March 14, 2024, at 1:00 p.m. Eastern Time. A webcast of the event will be...

5 weeks ago - Business Wire

Best Buy Announces Retirement of Board Chairman J. Patrick Doyle, Appoints David Kenny

MINNEAPOLIS--(BUSINESS WIRE)---- $BBY #BBY--Best Buy Co., Inc. (NYSE: BBY) announced today that current Board Chairman, J. Patrick Doyle, will retire from his position, effective as of the expiration ...

5 weeks ago - Business Wire

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 ...

6 weeks ago - Business Wire

Best Buy Reports Full Year Results And Looks Ahead

Best Buy BBY just reported 4th quarter and full year results. Holiday sales were stronger than expected, resulting in just a slight drop in revenues in the fourth quarter (-0.6%).

6 weeks ago - Forbes

Best Buy Stock Rises as Retailer Reports Better-Than-Expected Q4 Sales and Earnings

Best Buy (BBY) shares gained ground Thursday after the electronics retailer posted better-than-expected results as the post-pandemic slump in demand for its products eased.

6 weeks ago - Investopedia

Best Buy Q4 earnings: Analyst says, Expect growth starting in Q3 into 2025'

Best Buy (BBY) posted fourth quarter earnings that beat Wall Street expectations but issued softer-than-expected full-year guidance for fiscal year 2024. However, the retailer expects industry-wide sa...

6 weeks ago - Yahoo Finance

Best Buy Q4 earnings beat estimates

Best Buy Co Inc is trading up in premarket on Thursday after reporting better-than-expected financial results for the fourth quarter. Best Buy's guidance for fiscal 2025 Shareholders are cheering also...

6 weeks ago - Invezz

Best Buy tops holiday quarter estimates but issues soft full-year guidance

Best Buy has been in a period of slower sales in part due to the strength of its sales during the pandemic.

6 weeks ago - CNBC

Best Buy Q4 comparable sales fall less than expected

Best Buy on Thursday posted a smaller-than-expected drop in quarterly comparable sales, as holiday deals prompted shoppers to open their wallets for big-ticket purchases like electronics and home appl...

6 weeks ago - Reuters

Best Buy Reports Fourth Quarter Results

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY) today announced results for the 14-week fourth quarter ended February 3, 2024 (“Q4 FY24”), as compared to the 13-week fourth quarter ended ...

6 weeks ago - Business Wire

Best Buy Earnings Are a Litmus Test for Electronics Demand

After two years of lagging electronic sales, some analysts believe a recovery is near. Best Buy's earnings could make or break that call.

7 weeks ago - Barrons

Flat Since The Beginning Of 2023, What's Next For Best Buy's Stock Post Q4 Results?

Note: Best Buy's BBY FY'24 ended Jan 2024

7 weeks ago - Forbes

Short sellers boosted by ‘Hedge Fund Nirvana' that sees most heavily-shorted companies suffer

Hedge funds with long/short strategies have benefited in 2024 from a macroeconomic environment that has hit the most heavily shorted stocks particularly hard compared to their less shorted rivals, a n...

2 months ago - Market Watch

Best Buy Canada and Bell Canada partner to deliver the next evolution of consumer electronics retail for Canadian consumers

Best Buy Canada and Bell to operate 165 small-format consumer electronics retail stores across Canada, branded Best Buy Express Best Buy Express stores to offer leading consumer electronics from Best ...

Other symbols: BCE
3 months ago - PRNewsWire

Best Buy Launches Platform for Prescription-Based Medical Devices

Best Buy has added a new platform to support its expansion into prescription health and wellness technology products.  The new online experience enables eligible customers to buy continuous glucose mo...

3 months ago - PYMNTS

Best Buy Canada Launches Extra Hot Deals for Boxing Day - The Biggest Shopping Day of the Year

VANCOUVER, British Columbia--(BUSINESS WIRE)--At Best Buy Canada Boxing Day remains the biggest shopping day of the year, and we're excited to help Canadians score the best deals of the season. Best B...

4 months ago - Business Wire

KIA TAKES HOME THREE 2024 CONSUMER GUIDE AUTOMOTIVE BEST BUY AWARDS

The Kia EV6, Telluride and Soul won Best Buy awards in their respective segments  All-electric EV6 named a 2024 Best Buy in the compact crossover category  Telluride recognized with a Best Buy award i...

4 months ago - PRNewsWire