Best Buy (NYSE:BBY) Downgraded to “Hold” Rating by Wall Street Zen

11 Jan 2026, 04:13 by Renee Jackson · The Cerbat Gem

Wall Street Zen cut shares of Best Buy (NYSE:BBY – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other brokerages have also recently weighed in on BBY. Argus reaffirmed a “hold” rating on shares of Best Buy in a research report on Tuesday, September 16th. Evercore ISI dropped their target price on Best Buy from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, December 9th. JPMorgan Chase & Co. lifted their target price on Best Buy from $97.00 to $99.00 in a research report on Tuesday, November 25th. Daiwa Capital Markets increased their price target on Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 28th. Finally, Barclays dropped their price objective on Best Buy from $81.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Best Buy has an average rating of “Hold” and a consensus target price of $83.89.

Get Our Latest Research Report on Best Buy

Best Buy Price Performance

Shares of BBY opened at $70.61 on Friday. The business’s fifty day moving average is $74.02 and its 200 day moving average is $73.64. Best Buy has a 12-month low of $54.99 and a 12-month high of $91.68. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.80 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.79 and a beta of 1.41.

Best Buy (NYSE:BBY – Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The firm had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s 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. Sell-side analysts anticipate that Best Buy will post 6.18 earnings per share for the current fiscal year.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $3.80 annualized dividend and a dividend yield of 5.4%. Best Buy’s dividend payout ratio (DPR) is currently 125.83%.

Insider Activity at Best Buy

In related news, Chairman Richard M. Schulze sold 74,553 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $84.31, for a total value of $6,285,563.43. Following the transaction, the chairman directly owned 11,451,911 shares of the company’s stock, valued at approximately $965,510,616.41. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 1,534,993 shares of company stock worth $126,626,855. Insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

A number of large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted 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 valued at $25,000 after acquiring an additional 138 shares during the last quarter. Palisade Asset Management LLC bought a new stake in shares of Best Buy in the 3rd quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Best Buy in the second quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in Best Buy during the third quarter valued at $32,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Best Buy in the second quarter worth $33,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

About Best Buy

(Get Free Report)

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.