Best Buy Co., Inc. (NYSE:BBY) Receives $83.37 Consensus Target Price from Analysts

Shares of Best Buy Co., Inc. (NYSE:BBY) have earned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $81.6316.

BBY has been the topic of a number of recent research reports. Telsey Advisory Group boosted their target price on shares of Best Buy from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. UBS Group boosted their price objective on shares of Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Daiwa Capital Markets raised their target price on Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 28th. Morgan Stanley dropped their target price on Best Buy from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, BNP Paribas Exane reduced their price target on Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th.

Best Buy Price Performance

Shares of NYSE BBY opened at $68.52 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26. Best Buy has a 1-year low of $54.99 and a 1-year high of $91.68. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.55 and a beta of 1.44. The business has a 50-day moving average of $70.11 and a 200-day moving average of $73.21.

Best Buy (NYSE:BBY) last announced 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. The business had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. On average, equities analysts anticipate that Best Buy will post 6.18 EPS for the current fiscal year.

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, December 16th. Best Buy’s dividend payout ratio is 125.83%.

Institutional Trading of Best Buy

Several institutional investors have recently added to or reduced their stakes in BBY. Palisade Asset Management LLC bought a new stake in shares of Best Buy in the 3rd quarter worth about $25,000. Harbor Capital Advisors Inc. grew its stake in Best Buy by 69.3% in the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares in the last quarter. Torren Management LLC acquired a new position in Best Buy in the fourth quarter worth about $25,000. Root Financial Partners LLC bought a new stake in Best Buy in the third quarter valued at about $32,000. Finally, Quest 10 Wealth Builders Inc. raised its stake in Best Buy by 239.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock valued at $30,000 after buying an additional 311 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

About Best Buy

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.