Best Buy Co., Inc. (BBY)
| Market Cap | 16.16B |
| Revenue (ttm) | 43.45B |
| Net Income (ttm) | 1.24B |
| Shares Out | 215.40M |
| EPS (ttm) | 5.68 |
| PE Ratio | 13.21 |
| Forward PE | 12.22 |
| Dividend | $3.76 (5.01%) |
| Ex-Dividend Date | Mar 20, 2024 |
| Volume | 2,050,771 |
| Open | 75.20 |
| Previous Close | 75.24 |
| Day's Range | 75.01 - 76.15 |
| 52-Week Range | 62.30 - 86.11 |
| Beta | 1.51 |
| Analysts | Buy |
| Price Target | 84.27 (+12.29%) |
| 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]
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 $84.27, which is an increase of 12.29% from the latest price.
News
Best Buy Forms Retail Media Partnership With CNET
Best Buy has launched a retail media partnership with consumer technology publication CNET. The collaboration is designed to help brands reach larger audiences of “high intent” shoppers at a time when...
Best Buy and CNET Partner to Enhance Customer Shopping Journey
MINNEAPOLIS & SAN FRANCISCO--(BUSINESS WIRE)--Today, Best Buy and CNET announced a first-of-its-kind partnership that transforms how brands can engage consumers while they discover and shop for the la...
Will Best Buy Health Birth A New Kind Of Best Buy?
If you were to have asked me three years ago for a list of retailers that would be making cuts today, Best Buy BBY would not have been on it. Then again, if you would have asked me in 2012 for a list ...
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.
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.
Cramer's Stop Trading: Best Buy
CNBC's Jim Cramer explains why he is keeping an eye on shares of Best Buy.
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 ...
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.
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.
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...
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.
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...
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 ...
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 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%).
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.
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...
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...
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.
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...
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 ...
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.
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
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...
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 ...