Best Buy (BBY) Stock Price, News & Analysis

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBY, but not buy additional shares or sell existing shares.
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15 brokerages have issued twelve-month price objectives for Best Buy's stock. Their BBY share price targets range from $65.00 to $101.00. On average, they predict the company's stock price to reach $84.60 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
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Best Buy's stock was trading at $78.28 at the start of the year. Since then, BBY stock has decreased by 3.1% and is now trading at $75.85.
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Best Buy saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 14,720,000 shares, a drop of 6.5% from the March 15th total of 15,740,000 shares. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is currently 4.8 days. Approximately 7.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our BBY earnings forecast.

Best Buy Co., Inc. (NYSE:BBY) announced its quarterly earnings data on Thursday, February, 29th. The technology retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.21. The technology retailer earned $14.65 billion during the quarter, compared to analyst estimates of $14.58 billion. Best Buy had a net margin of 2.86% and a trailing twelve-month return on equity of 48.45%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.61 earnings per share.
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Best Buy announced a quarterly dividend on Thursday, February 29th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.94 per share on Thursday, April 11th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Wednesday, March 20th. This is a boost from the stock's previous quarterly dividend of $0.92.
Read our dividend analysis for BBY.

Best Buy (NYSE:BBY) pays an annual dividend of $3.76 per share and currently has a dividend yield of 4.82%. BBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBY will have a dividend payout ratio of 55.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBY.

ETFs with the largest weight of Best Buy (NYSE:BBY) stock in their portfolio include Invesco S&P Ultra Dividend Revenue ETF (RDIV), WBI Power Factor High Dividend ETF (WBIY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), ALPS Sector Dividend Dogs ETF (SDOG), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), AAM S&P 500 High Dividend Value ETF (SPDV) and Alpha Architect U.S. Quantitative Value ETF (QVAL).

Best Buy issued an update on its FY 2025 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 5.750-6.200 for the period, compared to the consensus EPS estimate of 6.130. The company issued revenue guidance of $41.3 billion-$42.6 billion, compared to the consensus revenue estimate of $42.4 billion.

1,251 employees have rated Best Buy Chief Executive Officer Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among the company's employees.

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

Best Buy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Cullen Investment Group LTD. (0.03%), Portman Square Capital LLP (0.00%), Banque Cantonale Vaudoise (0.03%) and Hennessy Advisors Inc. (0.02%). Insiders that own company stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Damien Harmon, Deborah Disanzo Eldracher, Jason J Bonfig, Kathleen Scarlett, Mario Jesus Marte, Mathew Watson, Matthew M Bilunas, Matthew M Bilunas, Rajendra M Mohan, Rajendra M Mohan, Richard M Schulze, Robert L Bass and Todd G Hartman.
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.
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