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NYSE: BBY

How to Buy Best Buy Co Stock

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Best Buy Co Inc

Best Buy Co is a retail company located in Minnesota, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker BBY on the NYSE exchange.

Best Buy Co stock last closed at $67.90, up 0.74% from the previous day, and has decreased 36.17% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.36 percentage points. Best Buy Co stock is currently +8.78% from its 52-week low of $62.42, and -52.17% from its 52-week high of $141.97.

At the moment, there are 225.13M shares of BBY outstanding. The market cap of BBY is $15.29B. In the past 24 hours, 2.93M BBY shares were traded.

How to Buy Best Buy Co Stock

Wondering how to invest in Best Buy Co stock? Here's how.
  1. Decide where to buy Best Buy Co stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Best Buy Co stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified. It's the best place to buy BBY stock.
  3. Put funds into your brokerage account: Choose your method of payment and add your information.
  4. Research Best Buy Co stock: The Best Buy Co ticker symbol is BBY. Is Best Buy Co stock a good investment? Should you buy shares of BBY? How do BBY's underlying business fundamentals look? Do top analysts think Best Buy Co is a good buy? Why has BBY's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if BBY is a good stock to buy).
  5. Make your BBY purchase: Decide if you will purchase BBY shares at the current market price or use a limit order to buy BBY shares at a particular price.
  6. Get key alerts regarding your BBY investment: Create a watchlist to key updates about your position in Best Buy Co stock.

Step 1: Decide where to buy Best Buy Co stock

You will need an online brokerage account in order to access the NYSE market and buy BBY stock.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

We believe that eToro is the best stock brokerage. Here's why:

  • Invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs, commodities, cryptocurrencies, and currencies (forex).

Get $10 towards your your BBY stock purchase by creating an account with eToro now.

Open eToro Account

Step 2: Sign up for a brokerage account

Now that you've selected the next step is brokerage, selected to fill out some personal info so you can buy BBY today.

How to Open a New Account on eToro

  1. Click here to get started.
  2. Enter your personal details to start your new brokerage account.
  1. Submit your data by hitting the "Create Account" button.
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Step 3: Put funds into your brokerage account

Watch the video below if you need help transferring funds into your new investment account.

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Step 4: Research Best Buy Co stock

It's important to research stocks prior to investing, so you can understand the risk and opportunity.

Best Buy Co Metrics

BBY Price
$67.90
1w %
0.68%
1y %
-36.17%
5y %
18.11%
P/E
9.04x
P/B
5.29x
P/S
0.31x
PEG
0.92x
Revenue
$49.25B
Earnings
$1.77B
Fore. Rev. Growth
-0.27%
Fore. Earn. Growth
9.88%
Market Cap
$15.29B
Next Earnings
Nov 21, 2022
Next Dividend
Oct 11, 2022

Fundamentals of BBY

WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on BBY's stock page.

Is BBY stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge BBY's true value.

Using relative valuations measures:

  • BBY may be undervalued based on its P/E ratio of 9.04x, relative to Specialty Retail industry P/E ratio of 15.74x
  • BBY may be undervalued based on its P/B ratio of 5.29x, relative to Specialty Retail industry P/B ratio of 7.97x
  • BBY could be undervalued based on its PEG ratio of 0.92x

You can access more valuation research on BBY's stock here.

BBY Financial Summary

Pros:

  • BBY's operating cash flow of $1.68B allows it to safely service it's debt of $4.05B.
  • There are more short-term assets than long-term liabilities on the BBY balance sheet.
  • BBY earnings of $2.30B is not enough to cover its interest payments.

Cons:

  • Total BBY debt is higher than 5 years ago, relative to shareholder equity.
  • BBY has a relatively high debt to equity ratio of 4.33.
  • BBY profit margin has gone down from 4.9% to 3.6% in the past year.
  • There are more short-term liabilities than short-term assets on the BBY balance sheet.

Is BBY stock a Buy, Hold, or Sell?

Out of 15 Wall Street analysts who give ratings on BBY, the consensus analyst rating on Best Buy Co is a Hold

Should I buy or sell BBY stock?

Based on 15 analysts offering ratings for Best Buy Co Inc.
Hold
Strong Buy
3 analysts 20%
Buy
1 analysts 6.67%
Hold
9 analysts 60%
Sell
0 analysts 0%
Strong Sell
2 analysts 13.33%

Latest BBY Analyst Forecasts

Michael Baker, a top 2% analyst from DA Davidson maintains BBY with a strong buy rating and lowers their BBY price target from $110.00 to $99.00, on Aug 31, 2022.

Seth Basham, a top 8% analyst from Wedbush maintains BBY with a hold rating and raises their BBY price target from $75.00 to $80.00, on Aug 31, 2022.

Scot Ciccarelli, a top 4% analyst from Truist Securities maintains BBY with a hold rating and raises their BBY price target from $67.00 to $69.00, on Aug 31, 2022.

Simeon Gutman, a bottom 1% analyst from Morgan Stanley maintains BBY with a hold rating and lowers their BBY price target from $82.00 to $80.00, on Aug 31, 2022.

Steven Zaccone, a bottom 17% analyst from Citigroup maintains BBY with a strong sell rating and raises their BBY price target from $59.00 to $61.00, on Aug 31, 2022.

You can dive deeper into what analysts are projecting on the Best Buy Co stock forecast page.

BBY Momentum

SMA10
66.29
SMA20
69.94
SMA50
74.12
SMA100
74.24
SMA200
85.71
MACD
-2.48
MACD Signal
-2.37
MACD Histogram
-0.11
RSI
44.77
Stochastic %K
32.11
Stochastic %D
19.64
StochRSI %K
54.44
StochRSI %D
29.15

BBY Growth Numbers

Last year, BBY earnings were $1.77B. During the past 5 year, BBY's earnings have gone up by 14.42% per year. This was slower than the Specialty Retail industry average of 23.58%.

Last year, BBY revenue was $49.25B. In the last five year, BBY's revenue has grown by 4.3% per year. This was slower than the Specialty Retail industry average of 12.17%.

Learn more about BBY's earnings and revenue performance here.

Who is buying/selling BBY?

Over the past 12 months, executives and large shareholders at BBY have bought more shares than they have sold.

Deborah Disanzo Eldracher, President Best Buy Health of BBY, was the latest BBY insider to sell. They sold $131,274.05 worth of BBY shares on Sep 21, 2022.

Get more info about who owns BBY stock here.

Can I get consistent income from BBY stock?

Best Buy Co pays a dividend of 4.92%, compared to the Specialty Retail industry's average dividend yield of 5.16%. If you owned $1,000 of BBY stock, you would have been paid $49.19 in the past 12 months.

Best Buy Co dividend payments have consistently grown over the past decade but have not remained stable.

Get more info about Best Buy Co dividend yield and history here.

BBY Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Make your BBY purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.

Hit the Open button and eToro will execute the order.

If you need more info about investing in stocks on eToro, click the helpful video below:

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Step 6: Get key alerts regarding your BBY investment

Now that you own some BBY shares, you'll want to stay up-to-date on your new investment.

Start a watchlist to track the most important metrics related to your BBY stock.

BBY Feed

How to Buy Stock in Best Buy Co

To summarize, here are the 6 steps to buy Best Buy Co stock:

  1. Decide where to buy Best Buy Co stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Research Best Buy Co stock
  5. Make your BBY purchase
  6. Get key alerts regarding your BBY investment

If you are looking for a brokerage, eToro is our recommended option.

Get Started with eToro Today

If you want to get the latest news on your new investment in Best Buy Co, create a watchlist on WallStreetZen today.

NYSE: BBY
$67.90+0.50 (+0.74%)
Updated Oct 5, 2022
Open eToro Account
NYSE: BBY
$67.90+0.50 (+0.74%)
Updated Oct 5, 2022
Open eToro Account

FAQ

How much does it cost to buy one Best Buy Co share?

As of Oct 5, 2022, it costs $67.90 to buy one share of Best Buy Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.147 shares of BBY.

Get Started with eToro Today

Is now a good time to buy Best Buy Co stock?

According to 15 Wall Street analysts who monitor Best Buy Co, their consensus recommendation is to hold Best Buy Co stock.

What is the best way to buy Best Buy Co stock?

The best way to buy Best Buy Co stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.