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Are you looking to buy Best Buy stocks? Chech our BAMagazine with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy NYSE:BBY! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about Best Buy stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
Best Buy Co., Inc. retails technology products in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide computing and mobile phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products. The company’s stores also offer appliances, such as dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, and vacuums; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods. In addition, it provides services comprising consultation, design, delivery, installation, memberships, protection plans, repair, set-up, and technical support services, as well as connected health services for aging consumers. The company offers its products through stores and Websites under the BestBuy, Best Buy Express, Best Buy Mobile, Geek Squad, Best Buy Health, CST, GreatCall, Lively, Magnolia, Pacific Kitchen, Home, greatcall.com, bestbuy.ca and bestbuy.com.mx brands, as well as through mobile applications and call centers. As of February 1, 2020, it had approximately 1,175 large-format and 56 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.
Average volume
2.72 million shs
MARKET CAP
$30.33 billion
Stock exchange
NYSE
Buy this stock!
- Stephen Johnson
- April 5, 2021
- No Comments
How to buy Best Buy stocks?
Below is a quick guide on how to buy NYSE:BBY stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy Best Buy shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy Best Buy – Search for “”NYSE:BBY”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought Best Buy stocks with 0% commission!.
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Is Best Buy a buy right now?
23 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Best Buy in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” Best Buy stock.
What stocks does BAMagazine like better than Best Buy?
Wall Street analysts have given Best Buy a “Buy” rating, but there may be better short-term opportunities in the market. Some of BAMagazine’s past winning trading ideas have resulted in 5-15% weekly gains. BAMagazine just released five new trading ideas, but Best Buy wasn’t one of them. BAMagazine thinks five stocks may be even better buys in the how to buy stocks guide.
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How to buy Best Buy stocks step by step guide
It can be difficult to navigate through all the outdated and incorrect information related to purchasing NYSE:BBY stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy Best Buy stocks with a step by step approach.
Step 1: Open an Account with a Broker
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy Best Buy stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Step 2: Verify your Account
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Step 3: Fund your eToro Account
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Step 4: Search for Best Buy stocks
Now that you’ve funded your eToro account, just type “NYSE:BBY stocks” into the search bar at the top of the screen and press “trade”.
Step 5: Buy NYSE:BBY
All that’s left is to buy some NYSE:BBY stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
How And Where To Buy Stocks Conclusion
All in all, NYSE:BBY is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy Best Buy stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
When is Best Buy’s next earnings date?
Best Buy is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Best Buy.
How were Best Buy’s earnings last quarter?
Best Buy Co., Inc. (NYSE:BBY) released its quarterly earnings results on Monday, November, 23rd. The technology retailer reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.36. The technology retailer earned $11.85 billion during the quarter, compared to analyst estimates of $11.02 billion. Best Buy had a trailing twelve-month return on equity of 52.17% and a net margin of 3.79%. During the same period in the prior year, the business posted $1.13 earnings per share.
View Best Buy’s earnings history.
How has Best Buy’s stock price been impacted by Coronavirus?
Best Buy’s stock was trading at $65.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BBY shares have increased by 78.6% and is now trading at $116.75.
How often does Best Buy pay dividends? What is the dividend yield for Best Buy?
Best Buy announced a quarterly dividend on Tuesday, November 24th. Investors of record on Tuesday, December 15th will be given a dividend of $0.55 per share on Tuesday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, December 14th.
View Best Buy’s dividend history.
Where to Buy Best Buy Stocks Broker Reviews
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying NYSE:BBY stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
- eToro takes pride in keeping their customers safe, they follow strict data protection rules to keep access to sensitive information to a minimum. Any of the information you provide eToro is even protected by SSL encryption, this ensures that even if someone were to gain access to the servers all your data remains safe.
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
Excellent for both new and experienced traders
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
Is Best Buy a good dividend stock?
Best Buy pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.92%. Best Buy does not yet have a strock track record of dividend growth. The dividend payout ratio of Best Buy is 36.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Best Buy will have a dividend payout ratio of 28.57% next year. This indicates that Best Buy will be able to sustain or increase its dividend.
View Best Buy’s dividend history.
How will Best Buy’s stock buyback program work?
Best Buy declared that its board has authorized a stock buyback plan on Wednesday, February 27th 2019, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 18.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its stock is undervalued.
Compliance
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
What price target have analysts set for BBY?
23 brokerages have issued 1-year price objectives for Best Buy’s stock. Their forecasts range from $70.00 to $135.00. On average, they anticipate Best Buy’s share price to reach $110.37 in the next year. This suggests that the stock has a possible downside of 5.5%.
View analysts’ price targets for Best Buy or view top-rated stocks among Wall Street analysts.
Who are Best Buy’s key executives?
Best Buy’s management team includes the following people:
Ms. Corie Sue Barry, CEO & Director (Age 46, Pay $2.96M)
Mr. R. Michael Mohan, Pres & COO (Age 53, Pay $2.69M)
Mr. Hubert Joly, Consultant (Age 62, Pay $2.47M)
Mr. Matthew M. Bilunas, Chief Financial Officer (Age 48, Pay $1.46M)
Ms. Kamy Scarlett, Chief HR Officer (Age 56, Pay $2.77M)
Mr. Whitney L. Alexander, Chief Strategy Officer (Age 42, Pay $1.1M)
Mr. Mathew Raymond Watson, Sr. VP of Fin., Controller & Chief Accounting Officer (Age 50)
Mr. Brian A. Tilzer, Chief Digital & Technology Officer (Age 50)
Ms. Mollie O’Brien, VP of Investor Relations
Mr. Todd Gregory Hartman, Exec. VP, Gen. Counsel, Sec. & Chief Risk Officer (Age 54)
What is Corie Barry’s approval rating as Best Buy’s CEO?
1,251 employees have rated Best Buy CEO Corie Barry on Glassdoor.com. Corie Barry has an approval rating of 75% among Best Buy’s employees.
Who are some of Best Buy’s key competitors?
Some companies that are related to Best Buy include GOME Retail (GMELY), Conn’s (CONN), Yosen Group (YOSN), DBUB Group (DBUB) and hhgregg (HGGGQ).
View all of BBY’s competitors.
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What other stocks do shareholders of Best Buy own?
Based on aggregate information from BAMagazine watchlists, some companies that other Best Buy investors own include NVIDIA (NVDA), Intel (INTC), The Home Depot (HD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), The Walt Disney (DIS), QUALCOMM (QCOM) and Alibaba Group (BABA).
What is Best Buy’s stock symbol?
Best Buy trades on the New York Stock Exchange (NYSE) under the ticker symbol “BBY.”
Who are Best Buy’s major shareholders?
Best Buy’s stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.46%), FMR LLC (5.49%), Boston Partners (1.15%), Sumitomo Mitsui Trust Holdings Inc. (0.69%), Robeco Institutional Asset Management B.V. (0.66%) and Swiss National Bank (0.34%). Company insiders that own Best Buy stock include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Keith J Nelsen, Lisa Caputo, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, Victor Kathy J Higgins and Whitney L Alexander.
View institutional ownership trends for Best Buy.
Which major investors are selling Best Buy stock?
BBY stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Conning Inc., AJO LP, Sumitomo Mitsui Trust Holdings Inc., Victory Capital Management Inc., Los Angeles Capital Management LLC, Robeco Institutional Asset Management B.V., and Nisa Investment Advisors LLC. Company insiders that have sold Best Buy company stock in the last year include Allison Peterson, Brian A Tilzer, Corie S Barry, Hubert Joly, Kathleen Scarlett, Mathew Watson, Matthew M Bilunas, Matthew M Furman, Rajendra M Mohan, Richard M Schulze, Todd G Hartman, and Whitney L Alexander.
View insider buying and selling activity for Best Buy or view top insider-selling stocks.
Which major investors are buying Best Buy stock?
BBY stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., State of Michigan Retirement System, Assenagon Asset Management S.A., KAMES CAPITAL plc, PGGM Investments, SPX Equities Gestao de Recursos Ltda, and Russell Investments Group Ltd..
View insider buying and selling activity for Best Buy or or view top insider-buying stocks.
How do I buy shares of Best Buy?
Shares of BBY can be purchased through any online brokerage account. Popular online brokerages with access to the stock market include Interactive Brokers Review, eToro Review, DEGiro Review, AvaTrade Review, IG Markets Review, IC Markets Review, CMC Markets Review, Admiral Markets Review and many more. Read one of the reviews to find out everything about the broker and start buying stocks now.
More information
At BAMagazine.com we want to make sure that you have all the most relevant information about buying stocks. We bring you the best guides about the stock market with personal reviews, background information, platform reviews, how to’s and more. Want to get other information? Then check out the OTC stocks, NASDAQ stocks, NYSE stocks, LON stocks, FRA stocks, ETR stocks, EPA stocks, TSX stocks or Amex stocks. Looking for more detailed info like 5g stocks, biotech stocks, gold stocks and other information out of our reportlab.
Frequently asked questions
How to buy Best Buy stocks?
The safest and easiest way to buy NYSE:BBY stocks is by using a regulated broker like eToro or DEGiro. You can open an account with the platform, make a deposit and buy this stock in under 5 minutes from start to finish.
Opening an account with one of these brokers is a smart move, they have been active for more then 10 years, are very safe to use and they have the best platform for novice and experienced traders. If you want to learn more then we suggest you to read our eToro or DeGiro guides.
Where to buy Best Buy stock?
You will first want to find a licensed broker that supports Best Buy stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading NYSE:BBY stocks in a safe and complete environment.
Is NYSE:BBY stock a good investment?
As with any other asset, there is an element of risk associated with buying NYSE:BBY stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is Best Buy stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with NYSE:BBY is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in Best Buy stock.
How do you trade Best Buy stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for Best Buy stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on NYSE:BBY stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell Best Buy stock?
To sell your NYSE:BBY stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best Best Buy stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading NYSE:BBY stock.
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Stephen Johnson
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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