How to Buy Best Buy Co Stock
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 $96.91, down 0.54% from the previous day, and has increased 36.96% in one year. It has overperformed other stocks in the Specialty Retail industry by 0.23 percentage points. Best Buy Co stock is currently +55.55% from its 52-week low of $62.30, and -6.56% from its 52-week high of $103.71.
At the moment, there are 214.73M shares of BBY outstanding. The market cap of BBY is $20.81B. In the past 24 hours, 2.32M BBY shares were traded.
How to Buy Best Buy Co Stock
Wondering how to invest in Best Buy Co stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- 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).
- 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.
- 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.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you are able to buy BBY today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on the best app for stock investing, you need to deposit funds:
Watch this video walkthrough for more details depositing funds into your new brokerage account.
Step 4: Research Best Buy Co stock
Once you have identified the best place to buy Best Buy Co stock, it's crucial to evaluate their stock prior to buying, so you actually comprehend the risk as well as the opportunity.
Best Buy Co stock quick numbers
Best Buy Co Overview
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
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 intrinsic value.
Using relative valuations measures:
- BBY may be undervalued based on its P/E ratio of 16.65x, relative to Specialty Retail industry P/E ratio of 27.59x
- BBY could be undervalued based on its P/B ratio of 6.7x, relative to Specialty Retail industry P/B ratio of 10.01x
- BBY could be overvalued based on its PEG ratio of 1.79x
You can do more valuation research on BBY's stock here.
BBY Financial Summary
Pros:
- BBY's operating cash flow of $2.11B allows it to safely service it's debt of $4.10B.
- There are more short-term assets than short-term liabilities on the BBY balance sheet.
- There are more short-term assets than long-term liabilities on the BBY balance sheet.
- BBY earnings of $1.70B is not enough to cover its interest payments.
- BBY profit margin has gone up from 2.9% to 3% in the past year.
Cons:
- Total BBY debt is higher than 5 years ago, relative to shareholder equity.
- BBY has a relatively high debt to equity ratio of 4.03.
Is it a good time to buy BBY stock, according to Wall Street analysts?
Out of 15 Equities analysts who track BBY, the consensus analyst rating on Best Buy Co is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest BBY Analyst Upgrades/Downgrades
Christopher Horvers, a top 14% analyst from JP Morgan maintains BBY with a strong buy rating and raises their BBY price target from $101.00 to $111.00, on Aug 30, 2024.
Seth Basham, a top 8% analyst from Wedbush maintains BBY with a hold rating and raises their BBY price target from $85.00 to $95.00, on Aug 30, 2024.
Seth Sigman, a bottom 1% analyst from Barclays maintains BBY with a hold rating and raises their BBY price target from $81.00 to $95.00, on Aug 30, 2024.
Michael Lasser, a top 7% analyst from UBS maintains BBY with a strong buy rating and raises their BBY price target from $106.00 to $123.00, on Aug 30, 2024.
Peter Keith, a top 7% analyst from Piper Sandler reiterates BBY with a strong buy rating and raises their BBY price target from $100.00 to $114.00, on Aug 30, 2024.
Piper Sandler's Peter Keith raised their price target on Best Buy Co (NYSE: BBY) by 14% from $100 to $114 on 2024/08/30. The analyst reiterated their Strong Buy rating on the stock.
Keith's price target hike was in response to Best Buy Co's Q2 2025 print, released on 2024/08/29.
The company's remarkable EBIT margin increase and better-than-expected revenue likely drove 2024/08/29's stock performance, in spite of the negative Q2 comp and lower 2H comp outlook, the analyst told investors.
Further, Keith noted that "labor is being managed really well" and that Best Buy is experiencing solid gross margin growth as a result of its improved Services offering.
Earnings Report
For Q2 2025, Best Buy Co reported:
- EPS of $1.34, which beat the Zacks Consensus Estimate of $1.15 and, by 9.8%, Q2 2024’s $1.22.
- Revenue of $9.29 B, which beat the Zacks Consensus Estimate by 0.63% but missed, by 3.1%, Q2 2024’s $9.58B.
- Comparable sales growth of (2.1)%.
- Operating income margin of 4.1%.
Management guided:
For Q3 2025:
- Comparable sales growth of (1.0)%.
- Operating income margin of 3.7%.
For FY 2025:
- EPS of $6.10 to $6.35.
- Revenue of $41.3B to $41.9B.
- Comparable sales growth of (3.0%) to (1.5%).
- Operating income margin of 4.1% to 4.2%.
- Capex of $750M.
CEO Corie Barry commented: “Today we are reporting better-than-expected sales and profitability results for Q2.
“We delivered strong results in our Domestic tablet and computing categories, which together posted comparable sales growth of 6% Y/Y.
“With our market position, expert sales associates and compelling merchandising, we capitalized on the demand driven by customers’ desire to replace or upgrade their products combined with new innovation.
“We are focused on sharpening our customer experiences and industry positioning while expanding our non-GAAP operating income rate in the current environment.
“We see a consumer who is seeking value and sales events, and one who is also willing to spend on high price point products when they need to or when there is new compelling technology.
“We are balancing our optimism in both the industry and our positioning with a pragmatic approach to likely uneven customer behavior going forward.”
You can dive deeper into what analysts are projecting on the Best Buy Co stock forecast page.
BBY Technicals
BBY Performance Metrics
Last year, BBY earnings were $1.26B. During the last five year, BBY's earnings have grown by 0.88% per year. This was slower than the Specialty Retail industry average of 17.83%.
Last year, BBY revenue was $42.54B. Over the last five year, BBY's revenue has grown by -0.25% per year. This was slower than the Specialty Retail industry average of 9.56%.
You can analyze BBY's earnings and revenue performance here.
Who is buying/selling BBY?
Over the past 12 months, executives and large shareholders at BBY have sold more shares than they have bought.
Corie S. Barry, CEO of BBY, was the latest BBY insider to sell. They sold $4,289,534.38 worth of BBY stock on Sep 11, 2024.
Learn more about who owns BBY stock here.
Does BBY provide a stable income stream?
Best Buy Co pays a dividend of 3.86%, compared to the Specialty Retail industry's average dividend yield of 2.63%. If you owned $1,000 worth of BBY stock, you would have been paid $38.59 last year.
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.
What do other investors have to say about BBY?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your BBY purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
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 shares.
Make a watchlist to see the latest developments about your BBY stock.
BBY Feed
How to Buy Stock in Best Buy Co
To summarize, here are the 6 steps to buy stock in Best Buy Co:
- Decide where to buy Best Buy Co stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Best Buy Co stock
- Make your BBY purchase
- Get key alerts regarding your BBY investment
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Best Buy Co, add BBY to your watchlist below.
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