BBY - Best Buy Co., Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
73.05
+0.45 (+0.62%)
As of 10:31AM EDT. Market open.
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Previous Close72.60
Open72.91
Bid72.81 x 1300
Ask72.79 x 1400
Day's Range72.23 - 73.07
52 Week Range47.72 - 84.37
Volume300,658
Avg. Volume3,219,000
Market Cap19.563B
Beta (3Y Monthly)1.44
PE Ratio (TTM)14.05
EPS (TTM)5.20
Earnings DateMay 22, 2019 - May 28, 2019
Forward Dividend & Yield2.00 (2.81%)
Ex-Dividend Date2019-03-19
1y Target Est76.63
Trade prices are not sourced from all markets
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    My 2019 Dividend Buyback Portfolio

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    3 Options Trading Ideas For The Upcoming Earnings Season

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  • GoPro Is Making Progress, But GPRO Stock Still Doesn’t Look Cheap
    InvestorPlaceyesterday

    GoPro Is Making Progress, But GPRO Stock Still Doesn’t Look Cheap

    Give credit where credit is due. Long-struggling GoPro (NASDAQ:GPRO) is making progress. And it's reflected in GPRO stock, which now has risen over 50% so far this year.Source: Shutterstock Of course, the problem is that GoPro stock closed 2018 only a few pennies off an all-time low. The big rally has only returned GPRO to where it traded at the beginning of November, ahead of yet another disappointing earnings report.That said, Q4 earnings -- and 2019 guidance -- were much stronger. GoPro is tracking toward profitability in 2019, if only on an adjusted basis. There is some good news here in a stock that I've long viewed with skepticism.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe question after the rally is whether that good news is already priced in. For the most part, it is. GoPro still has real questions -- and back above $6, GPRO stock simply doesn't look quite compelling enough. Case for GoPro StockAdmittedly, the outlook is brighter for GoPro. Q4 numbers were strong, with sales up over 12%, capping off a year when revenue dropped just 2.7%. Cost-cutting -- non-GAAP operating expenses dropped 17% in 2018, according to the Q4 call -- helped margins, allowing GoPro to revert to profitability on an adjusted EBITDA basis. * 7 High-Risk Stocks With Big Potential Rewards In 2019, revenue growth is expected to return, with the company guiding for a 5-8% increase in sales. And GoPro expects to move to non-GAAP net profitability, with EPS guidance of 20-40 cents. The big driver is an enormous expansion in adjusted gross margin, which is expected to rise from 32.8% in 2018 to 35-37% in 2019.That gross margin expansion, in particular, gives added reason for hope. It shows that GoPro is able to sell more cameras at higher prices and rely less on discounting to move units. GoPro has had some issues over the years overbuilding inventory, and then clearing that product through outlets like Best Buy (NYSE:BBY) at unattractive prices. At least at the moment, management doesn't expect a repeat in 2019. The Subscription BusinessThe other trend boosting margins is the company's growing subscription business. Those revenues have higher margins and are growing nicely, with paid subscriptions rising 50%+ last year.So there is a bull case here -- which truthfully hasn't always been the case. Revenue is growing, both domestically and overseas. On the Q4 call, CEO Nicholas Woodman cited improving market share figures in Europe and Asia. Both gross margin and operating margin - the latter thanks to better spending controls - should expand.And with GoPro now targeting profitability, valuation suddenly doesn't look so extreme. The midpoint of 2019 EPS guidance suggests a P/E multiple of 21x. That's not stunningly cheap, to be sure. But if GoPro is building a base for continued earnings growth, it's cheap enough. The Concerns with GPRO StockThat said, the big concern here is whether earnings growth is going to continue. Assuming the company meets 2019 guidance, operations will have improved significantly between 2017 and 2020.But what happens from there? Gross margin expansion is likely limited; CFO Brian McGee said long-term gross margin targets were 36-39%, pretty much in line with 2019 expectations. The company can't bring down opex every year without skimping on needed R&D and marketing spend. There's room for savings on interest expense if GoPro can pay its debt off a few years from now, but after-tax even that represents something like 10-12 cents in annual earnings per share. * 7 Stocks to Buy for Spring Season Growth From a growth standpoint, the easy work has been done. Post-2019 -- again, assuming guidance has been met -- GoPro simply has to grow sales. And the worry there is that the company really hasn't shown a consistent ability to do so. In fact, few hardware companies have.IP camera manufacturer Arlo Technologies (NYSE:ARLO) has plunged after its spin-off from NETGEAR (NASDAQ:NTGR). GoPro often is compared to Fitbit (NYSE:FIT), which went public around the same time, similarly soared, and then collapsed.Consumer hardware simply is a hugely difficult business. Sales depend essentially on the replacement cycle. That seems doubly true for GoPro, whose market is limited. 'Action cameras' simply have a fixed demographic. Consumers will age into that demographic -- and also age out. GPRO as a Revenue StoryBut at 20x+ earnings, with margin improvement opportunities limited, GPRO stock now becomes a revenue story. And that seems dicey. GoPro hasn't shown sales growth: 2019 revenue guidance suggests sales will be ~12% lower than they were five years earlier. Market growth is unlikely. It already has 90%+ share of Western markets, which means market share gains are limited as well.With profitability and some growth, GPRO likely can grind out some upside. A sale could drive returns - but there's no obvious acquirer, or any sign that Woodman (also the founder and controlling shareholder) is interested in being taken over. As a standalone, for real returns in GPRO stock, sales need to grow for several years to come. It's possible -- and it looks more possible now that it did a year ago or three years ago.'Possible' isn't enough to make GoPro stock compelling, however. Gains from here still requires consistent revenue growth. And for those investors who have followed the company since its IPO, consistency has been the one thing the company has never been able to provide.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post GoPro Is Making Progress, But GPRO Stock Still Doesn't Look Cheap appeared first on InvestorPlace.

  • GuruFocus.com5 days ago

    Best Buy Co Inc (BBY) Chairman & CEO Hubert Joly Sold $12.7 million of Shares

    Chairman & CEO of Best Buy Co Inc (NYSE:BBY) Hubert Joly sold 171,711 shares of BBY on 04/17/2019 at an average price of $73.68 a share.

  • Why the Outlook of Best Buy Stock Is Still Upbeat
    InvestorPlace5 days ago

    Why the Outlook of Best Buy Stock Is Still Upbeat

    When Hubert Joly became CEO of Best Buy (NYSE:BBY) seven years, ago it did look like he could be committing career suicide. Best Buy stock had fallen by more than half in a couple years and appeared to be at an existential moment.Source: Best BuyThe buzz was that BBY would inevitably be another victim of Amazon.com's (NASDAQ:AMZN) relentless e-commerce machine. The company's margins were slipping and so were its comparable-store sales. * 5 Dividend Stocks Perfect for Retirees But Joly was upbeat and ready for the challenge. In the press release announcing his appointment, he said: "Building on the Company's strengths and ongoing work, I believe Best Buy has the capacity to write an exciting new chapter in its history. I sincerely look forward to writing this chapter with the Best Buy team and putting in place the short-term and medium-term actions that will help ensure its success."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, Best Buy stock and BBY did extremely well during Joly's time as CEO. During his tenure, BBY stock has gone from $18 to $74.On Apr. 15, BBY announced that he would step down as CEO on Jun 1. But he will remain with the company as its executive chairman.Taking his place as CEO will be the current CFO, Corie Barry, who has been with BBY since 1999. An accountant by training, she also has served as the interim chief of the company's services business and is on the board of Domino's Pizza (NYSE:DPZ). But more importantly, she has had the advantage of working with Joly, so there will be continuity after the transition. Best Buy Stock and The Company's TransformationJoly has certainly left his imprint on BBY. Not surprisingly, a key part of his strategy was aggressive cost-cutting. In all, more than $1.4 billion in savings were realized during his tenure.But in the meantime, Joly has been savvy in finding ways to rethink the core business. To deal with the Amazon threat, he has made BBY's prices competitive with those of AMZN . He also focused on effectively utilizing the company's brick-and-mortar footprint, which includes over 1,100 locations in the US, Canada and Mexico.For example, according to the research from Jefferies, the stores are essentially warehouses that are used to fulfill about 40% of online sales, helping to create a true omnichannel platform.Yet perhaps the most important part of BBY's strategy has been its focus on services, which is critical because technologies have gotten more sophisticated. But then again, services also can provide recurring revenues.Some of the company's recent service-oriented initiatives include: * Total Tech Support: Unlimited support from the Geek Squad, which includes over one million employees. * In-Home Advisor provides recommendations and personalized plans for such things as Wi-Fi, appliances, home theaters , etc. The service is free. * GreatCall: Best Buy acquired this business for $800 million in cash. GreatCall offers a variety of simple mobile devices - such as phones and wearables -- that are targeted at seniors. The owners of the systems have 24/7 access to board-certified doctors and nurses. The Bottom Line on Best Buy StockBest Buy's growth has been impressive. Consider that the company has posted positive comparable sales for five consecutive years.And going forward, there are several important catalysts, such as the emergence of 5G, that should enable the momentum of Best Buy stock to continue. 5G is likely to spawn many new innovations.Finally, Best Buy stock is trading at a reasonable valuation, with a forward price-earnings multiple of 12. Moreover, the dividend yield of BBY stock is a decent 2.81%. So all in all, it does look like the bull case on Best Buy stock is still very well intact.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Why the Outlook of Best Buy Stock Is Still Upbeat appeared first on InvestorPlace.

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    As we begin to see further growth, it's creating a wealth of opportunity for companies such as Nerds on Site Inc. (CSE: NERD)(OTCQB: NOSUF), Best Buy Co. Inc. (NYSE: BBY), and Cognizant Technology Solutions Corp. (NASDAQ: CTSH). Mobile IT solutions company, Nerds on Site Inc. (NERD)(NOSUF) for example just expanded its mobile fleet by 133% in the 3 months since the Company's IPO from 15 to 35. "With such a rapid increase in NerdMobiles and number of Nerds, we are very excited and anticipate, based on experience, an uptick in Nerd applications, which will accelerate revenue growth in these hot new markets for us in the US," said Charlie Regan, CEO.

  • Best Buy partners with medical-device startup to market diagnostic service
    American City Business Journals6 days ago

    Best Buy partners with medical-device startup to market diagnostic service

    Best Buy is selling the $299.99 TytoHome kit on its website and in 10 Best Buy stores throughout Minnesota.

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  • As it continues its turnaround, what should Best Buy look for in its next CFO?
    American City Business Journals7 days ago

    As it continues its turnaround, what should Best Buy look for in its next CFO?

    Best Buy Co. Inc. will soon have a new CEO after announcing this week that Chief Financial Officer Corie Barry will step into the role this June. The next task: Finding an executive to fill Barry's job.

  • Benzinga7 days ago

    From Outstanding To Talented: Morgan Stanley On Best Buy's CEO Shuffle

    Best Buy is replacing an "outstanding" CEO in Joly with Barry who has proven herself to be a "talented executive," Gutman said in a research report. Joly succeeded in leading Best Buy's transformation to become a "premier and highly relevant" retailer and Barry certainly played a role in the transformation over the years.

  • Best Buy (BBY) on a Roll: Should You Buy the Stock Right Away?
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  • Can Best Buy’s New CEO Continue Growth Momentum?
    Market Realist7 days ago

    Can Best Buy’s New CEO Continue Growth Momentum?

    Best Buy’s CEO Transition: Corie Barry to Succeed Hubert Joly(Continued from Prior Part)Recent performance Best Buy (BBY) announced its CEO succession plan on April 15. Hubert Joly will relinquish his role as the CEO of the company, effective as

  • Best Buy CEO succession plan gives investors pause though analysts are upbeat
    MarketWatch7 days ago

    Best Buy CEO succession plan gives investors pause though analysts are upbeat

    Some investors may be concerned after news that Best Buy’s CEO Hubert Joly is stepping down, but analysts are upbeat about his successor, Corie Barry.

  • Best Buy’s CEO Transition: Corie Barry to Succeed Hubert Joly
    Market Realist7 days ago

    Best Buy’s CEO Transition: Corie Barry to Succeed Hubert Joly

    Best Buy’s CEO Transition: Corie Barry to Succeed Hubert JolyCEO transition planConsumer electronics retailer Best Buy (BBY) announced on April 15 that Corie Barry, the company’s chief financial and strategic transformation officer, will succeed

  • InvestorPlace8 days ago

    Corie Barry: 8 Things to Know About the New Best Buy CEO

    Corie Barry has been named as the Best Buy (NYSE:BBY) CEO.She will replace outgoing CEO Hubert Joly. Here are eight things to know about her: * Barry is the current CFO and she will have the role of helping continue Best Buy's forward momentum that it experienced under Joly. * She has been with Best Buy for 20 years, also serving as the brand's chief strategic transformation officer, while being a key part of its executive team that's aided the company in its revamping process. * Barry will take over the role of CEO on June 11 of this year. Meanwhile, Joly will remain as the executive chairman of the brand, advising Barry on a number of matters, including strategy and mergers and acquisitions. * The reinvention process that both Barry and Joly have been involved in has been geared towards offering customers more technical support, as well as in-home advisors for installations that may not be so simple. * This has helped Best Buy become less reliant on new product releases that customers can get on Amazon anyways. The company has also made great strides on the e-commerce side of things. * Barry's efforts have helped the company's market cap reach nearly $20 billion, while announcing in February the company's eighth straight quarter of comparable sales growth. * Since Barry joined the brand in 1999, she has had multiple roles with the retail chain in the financial and operational side of things. * She is also on Domino's Pizza board.BBY stock is down 0.1% on Monday.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 7 Marijuana Companies: Which Pot Stocks Should You Buy? * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Corie Barry: 8 Things to Know About the New Best Buy CEO appeared first on InvestorPlace.

  • Reuters8 days ago

    Best Buy replaces turnaround chief Joly with longtime CFO

    Barry, who joined Best Buy in 1999 and went on to become its finance chief in 2016, will become the company's fifth CEO when she takes over from Hubert Joly, who will step aside to become executive chairman in June. Barry along with Joly, a restructuring expert, turned around the struggling retailer that had been dogged by falling same-store sales and a takeover battle with founder Richard Schulze.

  • Who is Corie Barry? Meet Best Buy's next CEO
    American City Business Journals8 days ago

    Who is Corie Barry? Meet Best Buy's next CEO

    When Hubert Joly joined Best Buy Co. Inc., he was the first outsider hired as CEO of the electronics retailer. His successor will be Corie Barry, a veritable lifer who's been with the company since 1999 and has been its chief financial officer since 2016.

  • The End of an Era for Best Buy
    Motley Fool8 days ago

    The End of an Era for Best Buy

    The man who led the retailer’s incredible comeback is stepping down.

  • Best Buy Shows Best Practices in CEO Shift
    Bloomberg8 days ago

    Best Buy Shows Best Practices in CEO Shift

    The company announced Monday that Corie Barry, currently Best Buy’s CFO and chief strategic transformation officer, has been selected as the company’s next CEO, a job she is expected to assume on June 11. Comparable sales growth has become routine and profitability has improved.

  • Best Buy names new CEO, Trump gives Boeing advice, American Airlines cancels Max flights
    Yahoo Finance8 days ago

    Best Buy names new CEO, Trump gives Boeing advice, American Airlines cancels Max flights

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  • Best Buy names a new CEO
    Yahoo Finance Video8 days ago

    Best Buy names a new CEO

    There's a big change at the top of Best Buy with a new CEO taking charge at the retailer. Hubert Joly is out and Corie Barry is in. Here's Yahoo Finance's editor at large Brian Sozzi.