Hubert Joly - Best Buy Executive Chairman of the Board

BBY Stock  USD 77.13  0.89  1.14%   

Chairman

Mr. Hubert Joly is redesignated as Executive Chairman of the Board of the Company, effective June 11, 2019. He currently Chairman of the Board, Chief Executive Officer of the Company. He is President and Chief Executive Officer of Carlson, Inc., a worldwide hospitality and travel company President and Chief Executive Officer of Carlson Wagonlit Travel, a business travel management company senior executive positions with Vivendi S.A., a French multinational media and telecommunications company .Mr. Joly led Best Buy through its successful customerfocused Renew Blue transformation, which delivered improved customer satisfaction, market share gains, revenue growth and improved margins, and reduced 1.5 billion of costs to fund necessary investments. He is now leading the Companys Best Buy 2020 growth strategy, focused on enriching people lives through technology. Previously, Mr. Joly led the turnaround of EDS in France, then led the restructuring and growth of Vivendis video game business. While at Carlson Wagonlit Travel, the companys sales grew from 8 billion in 2003 to 25 billion in 2007. He then led the implementation of Carlson, Inc Ambition 2015 to reposition and grow the company core brands. since 2019.
Age 59
Tenure 5 years
Address 7601 Penn Avenue South, Richfield, MN, United States, 55423
Phone(612) 291-1000
Webhttps://corporate.bestbuy.com
Joly has a strong reputation as a turnaround and transformation expert, having begun his corporate career leading the struggling French division of Electronic Data Systems. In his three years with EDS, the company reversed its revenue slide, going from 1.3 billion French Francs to 2.1 billion, while significantly increasing profit margin. At Vivendi Universal, he helped lead the restructuring and growth of the company’s video game business, followed by the restructuring of the company itself. Prior to joining Best Buy, Mr. Joly was Chief Executive Officer of Carlson, where he led a renaissance across all its businesses, including its restaurant and hotel divisions. Before becoming Carlson’s Chief Executive Officer, he led a subsidiary unit, Carlson Wagonlit Travel, growing its sales from $8 to $25 billion in four years

Best Buy Management Efficiency

The company has Return on Asset of 0.0702 % which means that on every $100 spent on assets, it made $0.0702 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4244 %, implying that it generated $0.4244 on every 100 dollars invested. Best Buy's management efficiency ratios could be used to measure how well Best Buy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to drop to 0.09 in 2024. Return On Assets is likely to drop to 0.02 in 2024. At this time, Best Buy's Non Current Assets Total are fairly stable compared to the past year. Intangible Assets is likely to rise to about 228.2 M in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024.
The company has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Best Buy until it has trouble settling it off, either with new capital or with free cash flow. So, Best Buy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Best Buy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Best to invest in growth at high rates of return. When we think about Best Buy's use of debt, we should always consider it together with cash and equity.

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Best Buy Co., Inc. retails technology products in the United States and Canada. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota. Best Buy operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 57750 people. Best Buy Co (BBY) is traded on New York Stock Exchange in USA. It is located in 7601 Penn Avenue South, Richfield, MN, United States, 55423 and employs 45 people. Best Buy is listed under Computer & Electronics Retail category by Fama And French industry classification.

Management Performance

Best Buy Leadership Team

Elected by the shareholders, the Best Buy's board of directors comprises two types of representatives: Best Buy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Best. The board's role is to monitor Best Buy's management team and ensure that shareholders' interests are well served. Best Buy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Best Buy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharon McCollam, CFO and Chief Admin. Officer
Michael Mohan, Chief Merchandising Officer
Gerard Vittecoq, Independent Director
Brian Tilzer, Chief Digital and Technology Officer
Shari Ballard, Chief HR Officer and President of U.S. Retail
Paula Baker, Chief Human Resource Officer
J Doyle, Director
Jason Bonfig, Ex Officer
Matthew Furman, Chief Communications and Public Affairs Officer
R Mohan, President, Chief Operating Officer
Jeff Haydock, Chief Officer
Claudia Munce, Independent Director
Karen McLoughlin, Independent Director
Deborah DiSanzo, President Best Buy Health
Todd Hartman, Executive Vice President Chief Compliance Officer, Chief Risk Officer, General Counsel, Secretary
Thomas Millner, Independent Director
Corie Barry, Chief Executive Officer, Director
Cindy Kent, Independent Director
Matthew Bilunas, Chief Financial Officer
Keri Grafing, Chief Officer
Allison Peterson, Chief Customer Officer
Christopher Askew, President Services
Steven Rendle, Independent Director
Keith Nelsen, Executive VP, General Counsel and Secretary
David Kenny, Independent Director
Eugene Woods, Independent Director
Trish Walker, President Services
Richard Schulze, Founder Emeritus
Mollie Obrien, Senior Director of Investor Relations
Hubert Joly, Executive Chairman of the Board
Mathew Watson, Chief Accounting Officer, Vice President - Finance, Controller, Principal Accounting Officer
Kathy Victor, Independent Director
Patrick Doyle, Independent Director
Joseph Doyle, Independent Chairman of the Board
Russell Fradin, Lead Independent Director
Richelle Parham, Independent Director
Lisa Caputo, Independent Director
Asheesh Saksena, Chief Strategic Growth Officer
Kamy Scarlett, Chief Human Resources Officer; President, U.S. Retail Stores
Mary Kelley, President e-Commerce
Greg Revelle, Chief Marketing Officer
Mark Weinberger, Director
Bradbury Anderson, Independent Director
Mario Marte, Independent Director
Damien Harmon, Ex Omnichannel

Best Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Best Buy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Best Buy Investors Sentiment

The influence of Best Buy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Best. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Best Buy's public news can be used to forecast risks associated with an investment in Best. The trend in average sentiment can be used to explain how an investor holding Best can time the market purely based on public headlines and social activities around Best Buy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Best Buy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Best Buy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Best Buy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Best Buy.

Best Buy Implied Volatility

    
  34.67  
Best Buy's implied volatility exposes the market's sentiment of Best Buy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Best Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Best Buy stock will not fluctuate a lot when Best Buy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Best Buy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Best Buy's short interest history, or implied volatility extrapolated from Best Buy options trading.

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Best Stock

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The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Best Stock analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.