Telsey Advisory Group Issues Pessimistic Forecast for Best Buy (NYSE:BBY) Stock Price

Best Buy (NYSE:BBY) had its price objective decreased by Telsey Advisory Group from $110.00 to $100.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the technology retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 27.23% from the stock’s current price. Telsey Advisory Group also issued estimates for Best Buy’s Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.36 EPS, Q4 2026 earnings at $2.69 EPS, FY2026 earnings at $6.44 EPS and FY2027 earnings at $7.08 EPS.

Other equities analysts have also issued reports about the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of Best Buy in a research report on Friday, February 28th. Guggenheim decreased their price objective on shares of Best Buy from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Truist Financial decreased their price objective on shares of Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. UBS Group reaffirmed a “buy” rating and issued a $105.00 price objective (down from $115.00) on shares of Best Buy in a research report on Friday, February 28th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Best Buy in a research report on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.50.

Best Buy Stock Performance

BBY stock opened at $78.60 on Wednesday. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.10 and a beta of 1.43. The firm has a 50-day simple moving average of $85.75 and a two-hundred day simple moving average of $90.43. Best Buy has a one year low of $69.29 and a one year high of $103.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 EPS for the quarter, beating the consensus estimate of $2.40 by $0.18. The firm had revenue of $13.95 billion during the quarter, compared to analyst estimates of $13.69 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. During the same period last year, the firm posted $2.72 EPS. On average, equities analysts forecast that Best Buy will post 6.18 EPS for the current fiscal year.

Insider Transactions at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the sale, the chief financial officer now owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This trade represents a 42.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Best Buy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its position in shares of Best Buy by 971.9% during the 4th quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer’s stock valued at $29,000 after buying an additional 311 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Best Buy during the 4th quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new position in shares of Best Buy during the 4th quarter valued at approximately $32,000. Atlas Capital Advisors Inc. lifted its position in shares of Best Buy by 186.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer’s stock valued at $32,000 after buying an additional 243 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Best Buy by 18,700.0% during the 4th quarter. Ancora Advisors LLC now owns 376 shares of the technology retailer’s stock valued at $32,000 after buying an additional 374 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.