Best Buy (NYSE:BBY) Reaches New 52-Week High – Time to Buy?

Posted by Francis Steltz on Jul 29th, 2026

Best Buy Co., Inc. (NYSE:BBY – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $87.58 and last traded at $87.22, with a volume of 413606 shares trading hands. The stock had previously closed at $85.43.

Analyst Upgrades and Downgrades

BBY has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Best Buy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Piper Sandler reissued a “neutral” rating and issued a $77.00 price target on shares of Best Buy in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on Best Buy from $76.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Morgan Stanley lifted their price objective on shares of Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.50.

View Our Latest Stock Report on Best Buy

Best Buy Price Performance

The business has a 50-day simple moving average of $76.80 and a two-hundred day simple moving average of $68.44. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.35 and a beta of 1.30.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.15 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, research analysts predict that Best Buy Co., Inc. will post 6.56 earnings per share for the current fiscal year.

Best Buy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 18th. Best Buy’s payout ratio is presently 71.11%.

Insider Activity

In other Best Buy news, CAO Mathew Watson sold 1,784 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the completion of the sale, the chief accounting officer directly owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. This represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard M. Schulze sold 224,705 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the transaction, the chairman owned 10,430,936 shares of the company’s stock, valued at approximately $814,656,101.60. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,002,134 shares of company stock worth $77,283,527. 0.50% of the stock is owned by company insiders.

Institutional Trading of Best Buy

A number of large investors have recently added to or reduced their stakes in BBY. Torren Management LLC bought a new position in shares of Best Buy in the fourth quarter valued at $25,000. MV Capital Management Inc. bought a new stake in shares of Best Buy during the 4th quarter worth $25,000. Palisade Asset Management LLC bought a new stake in shares of Best Buy during the 3rd quarter worth $25,000. Hillsdale Investment Management Inc. acquired a new position in shares of Best Buy in the 4th quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of Best Buy by 239.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock worth $30,000 after acquiring an additional 311 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

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.

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