Best Buy (NYSE:BBY) PT Raised to $95.00

Best Buy (NYSE:BBYGet Free Report) had its target price increased by stock analysts at DA Davidson from $90.00 to $95.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology retailer’s stock. DA Davidson’s target price suggests a potential upside of 12.00% from the stock’s current price. DA Davidson also issued estimates for Best Buy’s Q2 2025 earnings at $1.12 EPS and FY2026 earnings at $6.76 EPS.

Other equities research analysts have also issued research reports about the company. Wedbush reaffirmed a “neutral” rating and set a $85.00 price target on shares of Best Buy in a research report on Tuesday, May 28th. Truist Financial decreased their target price on Best Buy from $87.00 to $86.00 and set a “hold” rating on the stock in a report on Friday. UBS Group boosted their target price on Best Buy from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Jefferies Financial Group decreased their price objective on Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, The Goldman Sachs Group upped their target price on Best Buy from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Best Buy currently has a consensus rating of “Hold” and a consensus target price of $86.36.

View Our Latest Stock Analysis on Best Buy

Best Buy Stock Performance

Shares of NYSE BBY opened at $84.82 on Friday. The business has a fifty day simple moving average of $76.16 and a 200 day simple moving average of $75.31. The company has a current ratio of 1.01, a quick ratio of 0.37 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.44 and a beta of 1.50. Best Buy has a one year low of $62.30 and a one year high of $86.11.

Best Buy (NYSE:BBYGet Free Report) last announced its earnings results on Thursday, May 30th. The technology retailer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.96 billion. Best Buy had a return on equity of 47.56% and a net margin of 2.90%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. Sell-side analysts expect that Best Buy will post 6.02 EPS for the current year.

Insider Activity

In other news, CEO Corie S. Barry sold 366 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $75.76, for a total value of $27,728.16. Following the completion of the sale, the chief executive officer now owns 431,231 shares of the company’s stock, valued at approximately $32,670,060.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Corie S. Barry sold 28,042 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $81.80, for a total transaction of $2,293,835.60. Following the transaction, the chief executive officer now owns 429,159 shares in the company, valued at approximately $35,105,206.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Corie S. Barry sold 366 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $75.76, for a total value of $27,728.16. Following the transaction, the chief executive officer now owns 431,231 shares in the company, valued at approximately $32,670,060.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,023 shares of company stock valued at $4,253,900. Insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BBY. Norges Bank purchased a new stake in shares of Best Buy in the 4th quarter worth approximately $165,164,000. HS Management Partners LLC purchased a new stake in shares of Best Buy in the 4th quarter worth approximately $103,854,000. Federated Hermes Inc. grew its stake in shares of Best Buy by 36.2% in the 3rd quarter. Federated Hermes Inc. now owns 2,586,442 shares of the technology retailer’s stock worth $179,680,000 after buying an additional 687,556 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Best Buy by 11,586.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 686,128 shares of the technology retailer’s stock worth $53,710,000 after buying an additional 680,257 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Best Buy by 320.4% in the 4th quarter. KBC Group NV now owns 860,388 shares of the technology retailer’s stock worth $67,352,000 after buying an additional 655,750 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Best Buy (NYSE:BBY)

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