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Best Buy Co., Inc.

BBY · NYSE

Market closed$85.41$0.120000 (+0.14%)After hours $85.50 · +0.11%

Key statistics

Previous close$85.29
Open$86.41
Day high$87.08
Day low$84.51
52-week high$87.35
52-week low$55.10
Market cap18.00B
Volume2.70M
Average volume4.15M
P/E ratio13.00
Forward P/E7.67
EPS6.57
Dividend yield+4.47%

Market context

Why it moved

Best Buy's modest uptick is supported by positive momentum from its better-than-expected quarterly earnings results, including stronger-than-anticipated EPS and revenue, which have helped lift the stock significantly above its early 2026 levels despite a cautious analyst consensus.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Best Buy closed essentially flat amid a heavily divided Wall Street outlook, with Goldman Sachs issuing a rare double downgrade to 'Sell' with a $59 price target citing significant margin pressure, while Q1 results that beat expectations — including $1.28 EPS vs. $1.23 estimates and 1.9% revenue growth — have kept other analysts constructive with raised price targets in the $80–$90 range. Investor sentiment is further clouded by a large insider sale, as Chairman Emeritus Richard Schulze offloaded 900,000 shares (~$74M) in mid-July, and ongoing concerns about CEO and CFO leadership transitions, even as the stock has surged over 30% since its Q1 earnings report.

0.1407

July 17, 2026Best Buy closed essentially flat amid a notable insider transaction that is drawing investor attention: Chairman Emeritus Richard Schulze sold 900,000 shares worth approximately $74 million via a 10b5-1 plan on July 13–14, adding to over 1 million insider shares sold in the past three months. The stock has surged roughly 35% over the past year and is trading near its 52-week high of ~$85, with the Street split on whether the recent run leaves much upside — the consensus target sits at $79.50, well below the current price, though DA Davidson maintains a $90 Buy target. Meanwhile, a Goldman Sachs Sell rating with a $62 target citing memory cost headwinds and margin pressure continues to weigh on sentiment, even as Best Buy's Q1 FY27 beat (EPS $1.28 vs. $1.23 est.) and raised FY27 guidance of $6.30–$6.60 EPS support the bull case.

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July 16, 2026Best Buy closed up nearly 2%, touching a new 52-week high of $86.35, as the stock continues its post-earnings momentum amid a broader market rally fueled by a cooler-than-expected June CPI report. The rally comes despite a notable overhang: Chairman Emeritus Richard Schulze sold 900,000 shares on July 13 for ~$74M under a 10b5-1 plan, part of over $90M in insider sales since late May. Investors appear focused on the company's Q1 beat—EPS of $1.28 vs. $1.23 est., revenue of $8.94B vs. $8.82B—and raised FY2027 guidance of $6.30–$6.60 EPS, though the consensus analyst rating remains Hold with a $79.50 avg. target, well below the current price.

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July 15, 2026Best Buy rose nearly 3%, approaching its 52-week high of $84.99, as a softer-than-expected June CPI report lifted consumer discretionary stocks and the broader market rebounded from Monday's geopolitical-driven selloff. The macro tailwind was tempered by a Loop Capital downgrade to Hold on July 13, reflecting caution that the stock's rapid rally—now up dramatically from its 52-week low of $55.10—has largely priced in the strong Q1 beat (EPS $1.28 vs. $1.23 est.) and raised FY2027 guidance, while heavy insider selling by Chairman Schulze adds an overhang above the consensus Hold rating and $79.50 average price target.

2.8536

July 14, 2026Best Buy shares declined amid broad market pressure from escalating U.S.-Iran tensions that sent oil prices surging and weighed on consumer discretionary stocks, with the XLY sector ETF also pulling back on the day. Adding to the headwind, Loop Capital downgraded Best Buy from Buy to Hold while maintaining an $82 price target, reflecting valuation concerns after the stock's strong post-earnings run toward its 52-week high of $84.99. The backdrop remains mixed: Q1 results beat estimates with EPS of $1.28 and revenue of $8.94B, multiple institutions have been raising their stakes, but insider selling — including Chairman Richard Schulze offloading hundreds of thousands of shares — and a consensus Hold rating with an average target of $79.50 keep sentiment cautious.

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July 10, 2026Best Buy rose nearly 2.5%, outperforming the broader consumer discretionary sector (XLY) as investor sentiment remained supported by a strong Q1 earnings beat—EPS of $1.28 vs. estimates of $1.23—and raised FY2027 guidance of $6.30–$6.60. Today also marked the $0.96 quarterly dividend payment, reflecting a nearly 5% annualized yield that continues to underpin income-focused buying. Wall Street's consensus sits at 'Hold' with an average target near $79.50, aligning closely with current levels, though bulls like Guggenheim and Telsey see $90 upside tied to AI-driven laptop refresh demand. The backdrop of renewed U.S.-Iran tensions and oil volatility weighed on discretionary peers but proved less disruptive to BBY's session.

2.4593

July 9, 2026Best Buy closed modestly lower as a broader risk-off environment weighed on consumer cyclical stocks, driven by President Trump declaring the Iran ceasefire agreement 'over,' which sent oil prices surging over 5% and rattled equity markets. Despite the macro headwinds, company-specific fundamentals remain constructive: Best Buy's May earnings beat ($1.28 EPS vs. $1.23 estimate) and raised FY2027 guidance have attracted multiple new institutional investors, while the stock's ~4.9% dividend yield provides income support — though Wall Street's consensus Hold rating and average $79.50 price target suggest limited near-term upside is broadly expected.

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July 8, 2026Best Buy edged higher, closing up nearly 1% as investors weigh a mixed but improving fundamental picture. The retailer's May earnings beat — EPS of $1.28 vs. $1.23 expected and revenue of $8.94B vs. $8.82B estimated — continues to underpin sentiment, alongside hopes that AI-driven laptop refresh cycles and the 2026 FIFA World Cup could provide a near-term consumer electronics tailwind. However, Wall Street remains cautious, with a consensus Hold rating and an average price target of $79.50 — essentially in line with current levels — while notable insider selling by Chairman Richard Schulze and mixed institutional flows temper conviction.

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Best Buy Corporate · July 14, 2026Best Buy announces Executive Team updatesQuiver Quantitative · July 10, 2026Best Buy rises as investors continue to reward strong Q1 results and upbeat product-cycle commentaryBusiness Wire · June 22, 2026Best Buy Announces Chief Financial Officer TransitionBest Buy Corporate · May 28, 2026Best Buy Reports Q1 FY27 ResultsRetail Dive · May 28, 2026Best Buy incoming CEO: ‘We’re not just a retailer anymore’Best Buy Corporate · April 23, 2026Best Buy Reports Q4 FY26 Results
Mt Newswire · July 15, 2026Best Buy Insider Sold Shares Worth $73,992,923, According to a Recent SEC Filing
Benzinga · July 13, 2026Loop Capital Downgrades Best Buy Co to Hold, Maintains Price Target to $82
Mt Newswire · June 26, 2026Best Buy Insider Sold Shares Worth $32,699,883, According to a Recent SEC Filing
Mt Newswire · June 24, 2026Best Buy Makes RGB LED TVs Available Nationwide
Mt Newswire · June 22, 2026Best Buy CFO Bilunas to Step Down
Mt Newswire · June 22, 2026Best Buy CEO Transition Expected To Be Smooth; Demand For Innovation Strong, Truist Says
Mt Newswire · June 17, 2026Best Buy Insider Sold Shares Worth $6,366,547, According to a Recent SEC Filing
Mt Newswire · June 16, 2026Perion Network Expands Retail Media Footprint With Best Buy Canada Partnership

Peers

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