Best Buy (NYSE:BBY) Price Target Raised to $95.00

Best Buy (NYSE:BBY) had its price target increased by Telsey Advisory Group from $90.00 to $95.00 in a report published on Wednesday, MarketBeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the technology retailer’s stock. Telsey Advisory Group also issued estimates for Best Buy’s FY2026 earnings at $6.35 EPS, Q1 2027 earnings at $1.25 EPS, Q3 2027 earnings at $1.46 EPS and FY2027 earnings at $6.83 EPS.

BBY has been the subject of a number of other reports. Barclays upped their price target on shares of Best Buy from $74.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their price target on Best Buy from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Wedbush reissued a “neutral” rating and set a $75.00 price objective on shares of Best Buy in a research note on Thursday, November 20th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.28.

Best Buy Stock Down 2.0%

BBY opened at $79.40 on Wednesday. Best Buy has a 12 month low of $54.99 and a 12 month high of $91.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. The stock has a market cap of $16.68 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.21 and a beta of 1.25. The stock’s 50 day moving average price is $77.97 and its 200 day moving average price is $73.41.

Best Buy (NYSE:BBY) last released its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The firm had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company earned $1.26 EPS. Best Buy’s quarterly revenue was up 2.4% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. As a group, research analysts predict that Best Buy will post 6.18 earnings per share for the current year.

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.8%. Best Buy’s dividend payout ratio is 125.83%.

Insider Transactions at Best Buy

In other Best Buy news, CAO Mathew Watson sold 2,018 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $76.76, for a total value of $154,901.68. Following the completion of the sale, the chief accounting officer directly owned 20,132 shares of the company’s stock, valued at $1,545,332.32. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Richard M. Schulze sold 74,553 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the transaction, the chairman directly owned 11,451,911 shares in the company, valued at $965,510,616.41. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,733,111 shares of company stock valued at $141,293,157 over the last ninety days. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in Best Buy in the 3rd quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in Best Buy in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Best Buy during the third quarter worth approximately $32,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Best Buy in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.