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 $74.43, down 0.81% from the previous day, and has increased 1.2% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.09 percentage points. Best Buy Co stock is currently +19.47% from its 52-week low of $62.30, and -13.56% from its 52-week high of $86.11.
At the moment, there are 215.38M shares of BBY outstanding. The market cap of BBY is $16.03B. In the past 24 hours, 3.49M 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.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
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 13.06x, relative to Specialty Retail industry P/E ratio of 28.63x
- BBY could be undervalued based on its P/B ratio of 5.25x, relative to Specialty Retail industry P/B ratio of 10.92x
- BBY could be undervalued based on its PEG ratio of 0.26x
You can do more valuation research on BBY's stock here.
BBY Financial Summary
Pros:
- BBY's operating cash flow of $1.47B allows it to safely service it's debt of $3.98B.
- There are more short-term assets than long-term liabilities on the BBY balance sheet.
- BBY earnings of $1.67B is not enough to cover its interest payments.
Cons:
- Total BBY debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the BBY balance sheet.
- BBY has a relatively high debt to equity ratio of 3.9.
- BBY profit margin has gone down from 3.1% to 2.9% in the past year.
Is it a good time to buy BBY stock, according to Wall Street analysts?
Out of 12 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
Kate McShane, a bottom 7% analyst from Goldman Sachs maintains BBY with a strong buy rating and raises their BBY price target from $81.00 to $90.00, on Mar 1, 2024.
Seth Basham, a top 19% analyst from Wedbush maintains BBY with a hold rating and raises their BBY price target from $75.00 to $85.00, on Mar 1, 2024.
Scot Ciccarelli, a top 4% analyst from Truist Securities maintains BBY with a hold rating and raises their BBY price target from $68.00 to $87.00, on Mar 1, 2024.
Seth Sigman, a bottom 1% analyst from Barclays maintains BBY with a hold rating and raises their BBY price target from $69.00 to $88.00, on Mar 1, 2024.
Jonathan Matuszewski, a bottom 8% analyst from Jefferies upgrades BBY to a strong buy rating and raises their BBY price target from $69.00 to $89.00, on Dec 11, 2023.
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 $1.24B. During the last five year, BBY's earnings have grown by 1.47% per year. This was slower than the Specialty Retail industry average of 19.23%.
Last year, BBY revenue was $43.45B. Over the last five year, BBY's revenue has grown by 0.27% per year. This was slower than the Specialty Retail industry average of 11.37%.
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 $27,728.53 worth of BBY stock on Apr 17, 2024.
Learn more about who owns BBY stock here.
Does BBY provide a stable income stream?
Best Buy Co pays a dividend of 4.97%, compared to the Specialty Retail industry's average dividend yield of 3.12%. If you owned $1,000 worth of BBY stock, you would have been paid $49.71 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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