Best Buy
About: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Employees: 85,000
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 16 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 282
2.1% less ownership
Funds ownership: 85.46% [Q3] → 83.35% (-2.1%) [Q4]
4% less funds holding
Funds holding: 861 [Q3] → 825 (-36) [Q4]
12% less first-time investments, than exits
New positions opened: 123 | Existing positions closed: 140
15% less call options, than puts
Call options by funds: $476M | Put options by funds: $559M
19% less capital invested
Capital invested by funds: $18.9B [Q3] → $15.3B (-$3.61B) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 0 (-2) [Q4]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$75
1%
upside
Avg. target
$91
23%
upside
High target
$110
48%
upside
16 analyst ratings
9 positive
56%
6 neutral
38%
1 negative
6%
Wells Fargo Zachary Fadem 44% 1-year accuracy 15 / 34 met price target | 15%upside $85 | Equal-Weight Maintained | 5 Mar 2025 |
UBS Michael Lasser 47% 1-year accuracy 18 / 38 met price target | 42%upside $105 | Buy Maintained | 5 Mar 2025 |
Loop Capital Anthony Chukumba 29% 1-year accuracy 6 / 21 met price target | 21%upside $90 | Buy Maintained | 5 Mar 2025 |
Truist Securities Scot Ciccarelli 46% 1-year accuracy 30 / 65 met price target | 9%upside $81 | Hold Maintained | 5 Mar 2025 |
DA Davidson Michael Baker 36% 1-year accuracy 16 / 45 met price target | 48%upside $110 | Buy Maintained | 5 Mar 2025 |
Financial journalist opinion
Based on 43 articles about BBY published over the past 30 days
Negative
Market Watch
22 hours ago
These 20 worst-performing stocks in the S&P 500 sank 17% or more in March
Stocks turned higher on Monday afternoon to finish March on a positive note. Still, the S&P 500 ended with a 5.8% decline for March, with 69% of component stocks down for the month.
Positive
Seeking Alpha
1 day ago
Procter & Gamble, Johnson & Johnson Among 10 Companies To Announce Dividend Increases In First Half Of April
This is my latest article where I provide predictions of upcoming dividend increases from companies with long-term dividend growth histories. A slow March brought mid-single digit percentage dividend boosts from consumer goods company Colgate-Palmolive and defense contractor General Dynamics. Widely-held Johnson & Johnson, Procter & Gamble, and Costco will announce increases in the first half of April.
Positive
Seeking Alpha
1 week ago
4 Ideal March Buys From 49 "Safer" Dividends In 100 Barron's Sustainable Dogs
Calvert's ESG analysis identified 100 top sustainable companies, with 83 dividend payers, focusing on five categories: planet, workplace, customer, community, and shareholder. Analysts predict 19.91% to 38.3% net gains for top ESG companies by March 2026, with Omnicom Group and Avient Corp leading potential returns. Sixteen of 83 dividend-paying sustainable stocks show negative free-cash-flow margins, indicating potential cash flow issues and higher risk.
Positive
Seeking Alpha
1 week ago
8 Upcoming Dividend Increases, Including A King
Highlighting eight companies with upcoming dividend increases, four exceeding 10%, and an average increase of 11.4%, median at 9%. My investment strategy focuses on buying, holding, and expanding stakes in companies with consistent dividend growth and benchmark-beating performance. The list is curated using data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, ensuring a minimum of five years of dividend growth.
Positive
24/7 Wall Street
1 week ago
JP Morgan Loves These 5 Blue Chip Stocks That All Recently Raised Their Dividends
After almost 15 years of a low-interest rate environment, which changed drastically after inflation spiraled to 9.1% in 2022, the Federal Reserve was forced to raise rates to 5.25% before dropping them back to the 4.25% level last year.
Positive
PYMNTS
1 week ago
Best Buy Courts Influencers to Tap $32 Billion Creator Market
Best Buy is launching an influencer program, following a model popularized by Amazon and Walmart. As The Street reported Sunday (March 23), both those retail giants have programs that let popular internet personalities curate their own digital storefronts.
Negative
Seeking Alpha
1 week ago
Best Buy: Near-Term Share Price To Be Pressured By Tariff Uncertainty
I maintain a hold rating for Best Buy due to uncertainty around tariffs and poor consumer spending, despite signs of recovery in 4Q24. Positive comp growth after 13 quarters and strong demand in computing and tablets indicate potential upside, especially with the Windows 10 upgrade cycle. Tariff concerns, with 60% of BBY's cost of goods sold from China, pose a significant risk to near-term earnings and market sentiment.
Positive
Seeking Alpha
2 weeks ago
Buy 7 'Safer' Dividend Dogs Of 23 February Barron's Better Bets Than T-Bills
Seven of the ten lowest-priced BBB "Safer" dividend stocks, including Altria, Verizon, and Conagra, meet the dogcatcher ideal of dividends from $1000 invested exceeding single share prices. Analysts project 15.22% to 43.43% net gains for top-ten BBB dividend dogs by March 2026, with U.S. Bancorp and KeyCorp leading. Five BBB stocks, such as KeyCorp and Truist, show negative free cash flow margins, making them unsafe buys despite high yields.
Negative
The Motley Fool
2 weeks ago
3 Struggling Stocks That Could Be Bargain Buys Right Now
Many stocks are struggling this year due to fears that tariffs and trade wars could weigh on the economy, potentially resulting in a recession. Numerous companies have already been raising concerns about rising costs, which has investors worried that a broad market sell-off may be inevitable.
Negative
MarketBeat
2 weeks ago
3 Retail Giants React to Tariffs—What It Means for Consumers
President Trump has followed through with his plans for levying import tariffs of 25% on goods from Mexico and Canada and adding an additional 10% for a cumulate addition of 20% tariffs on Chinese imports. The reasons are attributed to curbing the inflows of fentanyl across borders, boosting American manufacturing national security and balancing trade deficits.
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