Best Buy (NYSE:BBY) Price Target Lowered to $110.00 at Telsey Advisory Group

Best Buy (NYSE:BBY) had its target price reduced by Telsey Advisory Group from $115.00 to $110.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have an outperform rating on the technology retailer’s stock. Telsey Advisory Group also issued estimates for Best Buy’s Q4 2025 earnings at $2.41 EPS, Q1 2026 earnings at $1.25 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.39 EPS, Q4 2026 earnings at $2.64 EPS and FY2026 earnings at $6.70 EPS.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group boosted their price target on shares of Best Buy from $106.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Loop Capital boosted their price target on shares of Best Buy from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Best Buy from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Best Buy in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Best Buy has an average rating of “Moderate Buy” and a consensus price target of $101.06.

Best Buy Price Performance

NYSE:BBY opened at $90.05 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.34. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. The company has a 50 day moving average price of $93.81 and a 200-day moving average price of $89.17. Best Buy has a 1-year low of $69.29 and a 1-year high of $103.71.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.16 by $0.18. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.23 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. Equities research analysts forecast that Best Buy will post 6.19 EPS for the current year.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 dividend on an annualized basis and a yield of 4.18%. Best Buy’s payout ratio is currently 64.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in Best Buy by 10.5% in the third quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock valued at $3,279,000 after buying an additional 3,025 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Best Buy by 78.7% during the second quarter. GAMMA Investing LLC now owns 2,039 shares of the technology retailer’s stock worth $172,000 after purchasing an additional 898 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Best Buy by 27.4% during the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock worth $9,332,000 after purchasing an additional 19,405 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Best Buy by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 74,764 shares of the technology retailer’s stock worth $6,302,000 after purchasing an additional 7,663 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Best Buy by 13.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,564 shares of the technology retailer’s stock worth $15,806,000 after purchasing an additional 18,171 shares in the last quarter. 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.