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

Posted by on Nov 4th, 2026

Shares of Best Buy Co., Inc. (NYSE:BBY – Get Free Report) reached a new 52-week high during trading on Wednesday. The stock traded as high as $100.63 and last traded at $100.6220, with a volume of 1,100,203 shares. The stock had previously closed at $93.87.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BBY shares. Guggenheim increased their price target on shares of Best Buy from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Citigroup lifted their price objective on shares of Best Buy from $79.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Morgan Stanley upped their price objective on shares of Best Buy from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. The Goldman Sachs Group increased their target price on shares of Best Buy from $62.00 to $71.00 and gave the stock a “sell” rating in a research report on Friday, August 28th. Finally, Loop Capital lowered Best Buy from a “buy” rating to a “hold” rating and set a $82.00 target price on the stock. in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Best Buy currently has an average rating of “Hold” and a consensus price target of $86.15.

View Our Latest Research Report on BBY

Best Buy Trading Up 7.4%

The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.40 and a beta of 1.20. The company has a 50-day moving average price of $90.69 and a 200-day moving average price of $75.61. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.08. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.59 billion. Best Buy had a return on equity of 48.14% and a net margin of 3.01%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Research analysts predict that Best Buy Co., Inc. will post 6.81 EPS for the current fiscal year.

Best Buy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.8%. Best Buy’s dividend payout ratio is currently 63.89%.

Insider Transactions at Best Buy

In related news, EVP Kathleen Scarlett sold 116,062 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $92.15, for a total value of $10,695,113.30. Following the completion of the sale, the executive vice president owned 116,173 shares in the company, valued at approximately $10,705,341.95. This trade represents a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard Schulze sold 300,000 shares of Best Buy stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $92.51, for a total value of $27,753,000.00. The SEC filing for this sale provides additional information. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Best Buy

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Best Buy during the second quarter worth about $1,932,812,000. Bank of New York Mellon Corp acquired a new stake in Best Buy in the 2nd quarter valued at approximately $174,893,000. Deutsche Bank AG acquired a new stake in Best Buy in the 2nd quarter valued at approximately $116,003,000. KBC Group NV lifted its stake in Best Buy by 50.5% in the 1st quarter. KBC Group NV now owns 1,584,803 shares of the technology retailer’s stock valued at $101,745,000 after acquiring an additional 531,998 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Best Buy by 113.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,449,439 shares of the technology retailer’s stock valued at $93,054,000 after acquiring an additional 770,339 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

About Best Buy

(Get Free Report)

Best Buy Co, Inc is a specialty retailer of technology products and services headquartered in Richfield, Minnesota. The company sells consumer electronics, computing and mobile products, entertainment products, appliances, furniture, and related accessories through its retail stores, websites, and other sales channels.

Best Buy also provides technology-related services, including product installation, repair, technical support, delivery, and in-home consultation. Its services are offered through brands and operations such as Geek Squad, while the company also provides membership and protection programs designed to support customers after purchase.

The company serves customers primarily in the United States and Canada.

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