Best Buy’s (BBY) Buy Rating Reaffirmed at DA Davidson

Best Buy (NYSE:BBY)‘s stock had its “buy” rating reissued by DA Davidson in a research note issued on Friday,Benzinga reports. They currently have a $78.00 price target on the technology retailer’s stock. DA Davidson’s target price would indicate a potential upside of 0.46% from the company’s current price.

BBY has been the topic of a number of other research reports. Piper Sandler restated a “neutral” rating and issued a $77.00 target price on shares of Best Buy in a research note on Thursday. Evercore raised their price target on shares of Best Buy from $65.00 to $85.00 in a research report on Friday. Guggenheim restated a “buy” rating and issued a $90.00 price target on shares of Best Buy in a research report on Friday. Jefferies Financial Group raised their price target on shares of Best Buy from $83.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley raised their price target on shares of Best Buy from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Best Buy has an average rating of “Hold” and an average target price of $78.60.

Best Buy Stock Up 3.9%

Shares of Best Buy stock traded up $2.90 during trading on Friday, reaching $77.64. The company had a trading volume of 4,750,057 shares, compared to its average volume of 4,502,239. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The firm’s fifty day moving average is $61.99 and its 200-day moving average is $66.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 1.11. Best Buy has a fifty-two week low of $55.10 and a fifty-two week high of $84.99.

Best Buy (NYSE:BBY) last issued its earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, analysts anticipate that Best Buy will post 6.5 EPS for the current year.

Insider Transactions at Best Buy

In related news, EVP Kathleen Scarlett sold 8,049 shares of Best Buy stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $515,296.98. Following the sale, the executive vice president directly owned 102,669 shares in the company, valued at $6,572,869.38. This trade represents a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Corie S. Barry sold 42,869 shares of Best Buy stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $2,744,473.38. Following the completion of the sale, the chief executive officer owned 523,138 shares in the company, valued at approximately $33,491,294.76. This represents a 7.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,247 shares of company stock worth $4,945,353 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

Hedge funds have recently bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in Best Buy in the 3rd quarter valued at about $25,000. MV Capital Management Inc. bought a new stake in shares of Best Buy during the 4th quarter worth about $25,000. Torren Management LLC bought a new stake in shares of Best Buy during the 4th quarter worth about $25,000. Hillsdale Investment Management Inc. bought a new stake in shares of Best Buy during the 4th quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. raised its position in shares of Best Buy by 239.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock worth $30,000 after buying an additional 311 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors.

More Best Buy News

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Best Buy’s Q1 beat on earnings, revenue, and comparable sales suggests demand is stabilizing and the turnaround is gaining traction. Best Buy Reports First Quarter Results
• Positive Sentiment: Management kept FY27 guidance in place and signaled improving near-term sales, which investors typically view as confirmation that the recovery story is intact. Best Buy reiterates FY27 guidance after Q1 revenue and earnings rise
• Positive Sentiment: Several analysts raised price targets after the report, and Jefferies lifted its target to $89, signaling more upside despite mixed ratings across Wall Street. Best Buy downgrade, Dell upgraded: Wall Street’s top analyst calls
• Neutral Sentiment: Best Buy also announced a quarterly dividend of $0.96 per share, which supports income-oriented investors but is less likely to drive the stock’s short-term move.
• Neutral Sentiment: Some firms remain cautious, with several ratings still at neutral/equal weight/hold and Goldman Sachs keeping a sell rating, suggesting the rally may face skepticism if sales momentum fades.
• Negative Sentiment: Analyst downgrades and cautious price targets indicate the market still sees risk that the current strength may not translate into sustained long-term growth. Best Buy downgrade, Dell upgraded: Wall Street’s top analyst calls

Best Buy Company Profile

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.