BBY Stock Summary and Trading Ideas (Best Buy Co. | NYSE:BBY)

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.

Best Buy Co. trades on the NYSE stock market under the symbol BBY.

As of January 15, 2025, BBY stock price climbed to $83.21 with 2,133,937 million shares trading.

BBY has a beta of 0.27, meaning it tends to be less sensitive to market movements. BBY has a correlation of 0.01 to the broad based SPY ETF.

BBY has a market cap of $17.79 billion. This is considered a Large Cap stock.

Last quarter Best Buy Co. reported $9 billion in Revenue and $1.26 earnings per share. This fell short of revenue expectation by $-185 million and missed earnings estimates by -$.03.

In the last 3 years, BBY traded as high as $112.96 and as low as $60.79.

The top ETF exchange traded funds that BBY belongs to (by Net Assets): VTI, VOO, SCHD, VO, DVY.

BBY has underperformed the market in the last year with a price return of +17.7% while the SPY ETF gained +25.8%. BBY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.2% and -3.0%, respectively, while the SPY returned +1.8% and +1.1%, respectively.

BBY support price is $81.25 and resistance is $84.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BBY shares will trade within this expected range on the day.