Best Buy Co Stock Today

BBY Stock  USD 73.91  0.56  0.76%   

Performance

1 of 100

 
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Odds Of Distress

Less than 17

 
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Low
Best Buy is trading at 73.91 as of the 21st of May 2024; that is 0.76 percent increase since the beginning of the trading day. The stock's open price was 73.35. Best Buy has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Note, on March 7, 2024, Representative Michael C Burgess of US Congress acquired $15k to $50k worth of Best Buy's common stock.
Business Domain
Consumer Discretionary Distribution & Retail
IPO Date
19th of April 1985
Category
Consumer Cyclical
Classification
Consumer Discretionary
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. The company has 216.35 M outstanding shares of which 16.15 M shares are currently shorted by investors with about 6.42 days to cover. More on Best Buy Co

Moving against Best Stock

  0.61WINA WinmarkPairCorr

Best Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Best Buy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Best Buy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Best Buy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Best Buy's managers, analysts, and investors.
Environmental
Governance
Social
CEOCorie Barry
Thematic IdeaRetail (View all Themes)
Old Names[Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc, Bed Bath & Beyond Inc]
Business ConcentrationComputer & Electronics Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, SP 500 Index, Retail, Consumer Discretionary, Specialty Retail, Specialty Retail, Consumer Cyclical, Computing (View all Sectors)
Average Analyst Recommendation
Analysts covering Best Buy report their recommendations after researching Best Buy's financial statements, talking to executives and customers, or listening in on Best Buy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Best Buy. The Best consensus assessment is calculated by taking the average forecast from all of the analysts covering Best Buy.
Best Buy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Best Buy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Best Buy's financial leverage. It provides some insight into what part of Best Buy's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Best Buy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Best Buy deploys its capital and how much of that capital is borrowed.
Liquidity
Best Buy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. 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.

Net Income

820.58 Million
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 85,000 people. Best Buy is listed under Computer & Electronics Retail category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 15.99 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Best Buy's market, we take the total number of its shares issued and multiply it by Best Buy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Best Buy runs under Specialty Retail sector within Consumer Discretionary industry. The entity has 216.35 M outstanding shares of which 16.15 M shares are currently shorted by investors with about 6.42 days to cover. Best Buy Co has about 1.87 B in cash with 1.47 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.13.
Check Best Buy Probability Of Bankruptcy
Ownership Allocation
Best Buy holds a total of 216.35 Million outstanding shares. The majority of Best Buy Co outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Best Buy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Best Buy. Please pay attention to any change in the institutional holdings of Best Buy Co as this could imply that something significant has changed or is about to change at the company. Please note that on March 7, 2024, Representative Michael C Burgess of US Congress acquired $15k to $50k worth of Best Buy's common stock.
Check Best Ownership Details

Best Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Best Buy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Best Buy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Best Buy's value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
2.8 M
Federated Hermes Inc2023-12-31
2.8 M
Northern Trust Corp2023-12-31
2.6 M
Raymond James & Associates2023-12-31
2.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
2.1 M
Legal & General Group Plc2023-12-31
2.1 M
Norges Bank2023-12-31
2.1 M
Bank Of New York Mellon Corp2023-12-31
1.9 M
Pacer Advisors, Inc.2023-12-31
1.8 M
Blackrock Inc2023-12-31
23.3 M
Vanguard Group Inc2023-12-31
23.1 M
View Best Buy Diagnostics

Best Buy Historical Income Statement

Best Buy Co Income Statement is one of the three primary financial statements used for reporting Best's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Best Buy revenue and expense. Best Buy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Best Buy's Interest Expense is fairly stable compared to the past year. Tax Provision is likely to rise to about 392.4 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 482.9 M in 2024. View More Fundamentals

Best Stock Against Markets

Picking the right benchmark for Best Buy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Best Buy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Best Buy is critical whether you are bullish or bearish towards Best Buy Co at a given time. Please also check how Best Buy's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Best Buy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Best Buy Corporate Directors

Best Buy corporate directors refer to members of a Best Buy board of directors. The board of directors generally takes responsibility for the Best Buy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Best Buy's board members must vote for the resolution. The Best Buy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Claudia MunceIndependent DirectorProfile
Karen McLoughlinIndependent DirectorProfile
Thomas MillnerIndependent DirectorProfile
Steven RendleIndependent DirectorProfile

How to buy Best Stock?

Before investing in Best Buy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Best Buy. To buy Best Buy stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Best Buy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Best Buy stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Best Buy Co stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Best Buy Co stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Best Buy Co, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Best Stock please use our How to Invest in Best Buy guide.

Already Invested in Best Buy Co?

The danger of trading Best Buy Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Best Buy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Best Buy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Best Buy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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.