Best Buy (BBY)

Best Buy is a leading provider of technology products, services and solutions. The company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit our stores, engage with Geek Squad agents or use BestBuy.com or the Best Buy app. The company has operations in the U.S and Canada, where more than 70 percent of the population lives within 15 minutes of a Best Buy store, as well as in Mexico where Best Buy has a physical and online presence.

Company profile

Ticker

BBY

Exchange

NYSE

Website

www.bestbuy.com

CEO

Corie Barry

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Jan 28

Sector

Retail Trade > Household Appliance Stores

Industry (SIC)

Retail - Radio, TV & Consumer Electronics Stores

Conns • Dbub • Wiseman Global • HHGregg • Guitar Center • Stereo Vision Entertainment • ICZOOM ...

SEC CIK

0000764478

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

BBC Investment Co. • BBY Networks, Inc. • BBC Property Co. • Best Buy Stores, L.P. • BBY Services, Inc. • BestBuy.com, LLC • Best Buy Puerto Rico Holdings, LLC • Best Buy Stores Puerto Rico, LLC • Best Buy Texas.com, LLC • Best Buy Warehousing Logistics, LLC ...

IRS number

410907483

BBY stock data

1M 1Y 5Y

News

From Benzinga Pro

Best Buy Co Earnings Conference Call Is Coming Up, Here's What You Need To Know

15 Aug 22

Best Buy Co (NYSE:BBY) will host a conference call at 08:00 AM ET on August 30, 2022, to discuss Q2 2023 earnings results. How to Attend Best Buy Co (BBY) Conference Call Follow this link to access the live webcast.

15 Aug 22

Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment Bed Bath & Beyond (BBBY) GameStop (GME) Tesla (TSLA) Walmart (WMT) Apple (AAPL) AMC Entertainment (AMC) Tilray Brands

U.S. Stock Futures Lower After S&P 500, Nasdaq Record Gains For 4th Consecutive Week

15 Aug 22

Pre-open movers

Best Buy, Li Auto And 3 Stocks To Watch Heading Into Monday

15 Aug 22

Best Buy Co To Slash Store Jobs To Cut Costs: WSJ

12 Aug 22

Press releases

From Benzinga Pro

Best Buy Provides Update on Second Quarter Performance and Fiscal 2023 Outlook

27 Jul 22

Best Buy Co., Inc. (NYSE:BBY) today announced business updates related to the company's second quarter ending July 30, 2022 (Q2 FY23) financial performance and fiscal 2023 outlook. "As we've said, we entered the year

UPS Welcomes Bala Subramanian to Newly Created Position of EVP and Chief Digital and Technology Officer

14 Jun 22

ATLANTA, June 14, 2022 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) today appointed Bala Subramanian, 50, to the newly created position of Executive Vice President and Chief Digital and Technology Officer. Effective July 18,

Thinking about trading options or stock in Dicks Sporting Goods, Kohl's, Exxon Mobil, Qualcomm, or Best Buy?

25 May 22

NEW YORK, May 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKS, KSS, XOM, QCOM, and BBY.

Best Buy Announces Regular Quarterly Cash Dividend

25 May 22

Thinking about trading options or stock in Meta Platforms, Best Buy, JPMorgan Chase, Trade Desk, or Roku?

24 May 22

Analyst ratings and price targets

Last 3 months

Average target

$78.92

Low target

$65.00

High target

$110.00

Telsey Advisory Group

Calendar

2 Jun 22

16 Aug 22

28 Jan 23

Financial summary

Financial statements Chart BBY financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	960M	960M	960M	960M	960M	960M
Cash burn (monthly)	748.33M	286.08M	(no burn)	(no burn)	461.33M	(no burn)
Cash used (since last report)	2.67B	1.02B	n/a	n/a	1.65B	n/a
Cash remaining	-1.71B	-61.14M	n/a	n/a	-686.67M	n/a
Runway (months of cash)	-2.3	-0.2	n/a	n/a	-1.5	n/a

Beta Read what these cash burn values mean

Financial data from Best Buy earnings reports.

Recent insider trades

BBY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Jul 22	Barry Corie S	Common Stock	Sell	Dispose S	No	No	71.216	56	3.99K	316,630.65
14 Jun 22	Barry Corie S	Common Stock	Sell	Dispose S	No	No	70.003	4,388	307.17K	315,312.65
9 Jun 22	Millner Thomas L	Common Stock	Grant	Acquire A	No	No	0	2,603	0	35,428
9 Jun 22	Karen McLoughlin	Common Stock	Grant	Acquire A	No	No	0	2,603	0	26,804
9 Jun 22	Marte Mario Jesus	Common Stock	Grant	Acquire A	No	No	0	2,603	0	5,354

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

BBY institutional ownership history Ownership history

77.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	784	826	-5.1%
Opened positions	94	157	-40.1%
Closed positions	136	100	+36.0%
Increased positions	310	270	+14.8%
Reduced positions	277	307	-9.8%

13F shares	Current	Prev Q	Change
Total value	15.96B	18.36B	-13.1%
Total shares	175.4M	180.61M	-2.9%
Total puts	4.73M	5.67M	-16.6%
Total calls	3.57M	3.19M	+11.8%
Total put/call ratio	1.3	1.8	-25.3%

Largest owners	Shares	Value	Change
Vanguard	26.39M	$2.4B	-4.8%
BLK Blackrock	21.4M	$1.95B	-2.2%
JPM JPMorgan Chase & Co.	12.58M	$1.14B	+8.2%
STT State Street	9.98M	$915.96M	-4.0%
Geode Capital Management	4.44M	$403.27M	+2.5%
BAC Bank Of America	3.8M	$345.65M	+6.7%
FMR	3.79M	$344.92M	-10.9%
Charles Schwab Investment Management	3.72M	$338.24M	+6.8%
NTRS Northern Trust	3.67M	$333.8M	+4.8%
Amundi	2.67M	$243.92M	+140.1%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-2.48M	EXIT
Amundi	2.67M	+1.56M	+140.1%
AMP Ameriprise Financial	2.28M	-1.32M	-36.8%
Vanguard	26.39M	-1.32M	-4.8%
Capital World Investors	1.09M	+1.09M	NEW
JPM JPMorgan Chase & Co.	12.58M	+955.18K	+8.2%
Boston Partners	0	-722.16K	EXIT
JHG Janus Henderson	1.68M	-681.38K	-28.8%
Eaton Vance Management	740.09K	-477.32K	-39.2%
BLK Blackrock	21.4M	-475.01K	-2.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: accomplish, aspect, Commission, compelling, conflict, creation, curated, driver, drove, experienced, expertly, firmly, flat, focused, inflation, line, macro, modify, momentum, Outlet, personalize, primary, ready, recycling, satisfaction, slowdown, stage, successfully, today, turnover, UK, Ukraine, uncertain, unfulfilled, vision, war, weighted

Removed: accelerate, accrual, adapting, BBB, Blue, Building, comply, confirmed, conserve, consolidate, consolidation, continued, corporate, create, CST, disease, excluding, experience, favorability, front, funding, gain, goal, improvement, innovation, insurance, interact, lag, making, model, Moody, multiple, occurring, organization, outbreak, permanent, Poor, recording, reduced, repair, represent, retirement, role, serve, Signal, Stable, standard, suspended, suspension, temporarily, United, upgraded, work, World

From filing 10-Q 2023 Q1

Financial reports

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