Best Buy (BBY) vyplácí dividendu ve výši 0,96 USD na akcii s dividendovým výnosem 4,08 %; ve fiskálním roce 2026 se očekává růst zisku na akcii (EPS) o 5,91 %.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Richfield, Best Buy (BBY - Free Report) is in the Retail-Wholesale sector, and so far this year, shares have seen a price change of 40.63%. The consumer electronics retailer is paying out a dividend of $0.96 per share at the moment, with a dividend yield of 4.08% compared to the Retail - Consumer Electronics industry's yield of 4.15% and the S&P 500's yield of 1.36%.
Looking at dividend growth, the company's current annualized dividend of $3.84 is up 1.1% from last year. Over the last 5 years, Best Buy has increased its dividend 5 times on a year-over-year basis for an average annual increase of 12.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Best Buy's current payout ratio is 57%, meaning it paid out 57% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for BBY for this fiscal year. The Zacks Consensus Estimate for 2026 is $6.81 per share, with earnings expected to increase 5.91% from the year ago period.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that BBY is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Best Buy is tapping further into a growing customer cohort: gamers.
Chief Revenue Officer Patrick McGinnis told CNBC exclusively that the electronics retailer is launching a new experience Tuesday for customers featuring gaming content, new technology and special offers, among other features. The online destination is called Best Buy Gamers and is launching in a beta version.
"Gamers are a customer that are really like no other in terms of their passion for not just the tech, the titles, but also how they want to work with each other as a community," McGinnis said. "So for us, being relevant for that customer wherever and whenever they want to interact with the thing that they love is really important."
Best Buy says millions of gamers shop at the retailer each year, including trying out games in the store and seeking advice from in-store experts. The new gaming experience, created in partnership with video game website IGN, will offer members gaming articles and reviews, live Best Buy event updates for launches and deals on new technology.
The announcement comes ahead of some of the biggest launches in gaming this year, including the Nov. 5 release of "The Legend of Zelda: Ocarina of Time," a remake from Nintendo, and the Nov. 19 launch of Take-Two Interactive's highly anticipated "Grand Theft Auto VI."
McGinnis said the timing of the rollout is "pretty perfect" given the slate of new video games over the next month, though Best Buy has been developing the new platform for over a year.
"We want to be relevant for our gaming customers, not just during the important, big tentpole periods of the calendar, like when we have these big gaming launches coming up, but really every day," he said. "We want to be there when they discover new titles and connect with the community, and not just when they're buying a big console or a new gaming title."
Best Buy has been leaning into gaming as it sees growing demand from its customers. For its fiscal first-quarter results reported in May, the company said gaming and computing was one of its biggest drivers of growth. On a call with analysts to discuss Best Buy's fiscal second quarter in August, incoming CEO Jason Bonfig said the company expects that demand for "Grand Theft Auto VI" will boost the gaming category.
Best Buy has been looking for growth drivers as the retailer tries to revitalize its business performance under Bonfig. The company has seen slumping sales and was hit by tariffs and lower consumer confidence, among other factors. Tapping into gaming could help revitalize the retailer.
McGinnis said the new gamer experience is an example of the company's strategic goals coming together.
"If you think about what those priorities are, the Gamers [beta] community is definitely a way that we're expanding and growing our reach, reaching that gaming customer," he said. "Providing a place for them to again pursue what they're most passionate about certainly is elevating our experience."
Best Buy is also leaning into in-store experiences around gaming, starting with a location in Torrance, California, next month, where Sony, Nintendo and Microsoft will come together to offer gaming experiences and activations for customers.
With the combination of physical retail and the online platform, McGinnis said, Best Buy hopes to sit at the intersection of technology, entertainment and culture within the gaming community. He said the company plans to tweak its new online experience based on feedback from its customers and continue innovating to meet its audience where it is, especially as the gaming segment continues to be one of the company's strongest performers.
"We recognize the gaming customer as incredibly passionate and wants to engage with what they love in a lot of different ways," he said. "There's observations of gaps that exist in the places and spaces where gamers are engaged, and we thought that we could build something that would really complement what they're engaging with today from a social platform perspective, not to replace those types of experiences in any way, shape or form."
Barlow Wealth Partners ve třetím čtvrtletí nakoupila 274 206 akcií společnosti Best Buy za přibližně 24,196 milionu USD; tento podíl tvoří 2,6 % jejího portfolia.
Barlow Wealth Partners LLC purchased a new position in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 274,206 shares of the technology retailer’s stock, valued at approximately $24,196,000. Best Buy comprises 2.6% of Barlow Wealth Partners LLC’s investment portfolio, making the stock its 19th largest holding. Barlow Wealth Partners LLC owned 0.13% of Best Buy at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. MV Capital Management Inc. purchased a new stake in Best Buy in the fourth quarter worth $25,000. Bayban purchased a new stake in shares of Best Buy during the 4th quarter valued at approximately $33,000. Ashurst Perkins Coie Trust Co grew its stake in Best Buy by 75.1% in the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 394 shares of the technology retailer’s stock valued at $35,000 after buying an additional 169 shares in the last quarter. Maseco LLP bought a new stake in Best Buy during the 1st quarter valued at $37,000. Finally, Aberdeen Wealth Management LLC bought a new stake in Best Buy during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Best Buy from $65.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. Wall Street Zen raised Best Buy from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Telsey Advisory Group upped their price target on Best Buy from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Truist Financial set a $100.00 price target on shares of Best Buy in a report on Thursday, August 27th. Finally, Barclays increased their price target on shares of Best Buy from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.65.
View Our Latest Stock Analysis on Best Buy Best Buy Trading Up 5.6% Shares of Best Buy stock opened at $94.08 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 0.41. Best Buy Co., Inc. has a 1 year low of $55.10 and a 1 year high of $96.53. The firm has a market cap of $19.73 billion, a PE ratio of 15.65, a PEG ratio of 2.23 and a beta of 1.26. The company has a 50 day simple moving average of $87.96 and a two-hundred day simple moving average of $77.38.
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 firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.59 billion. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Analysts expect that Best Buy Co., Inc. will post 6.81 earnings per share for the current fiscal year.
Best Buy Dividend Announcement The company 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 was Thursday, September 17th. This represents a $3.84 annualized dividend and a dividend yield of 4.1%. Best Buy’s dividend payout ratio is 63.89%.
Insider Activity In other Best Buy news, Chairman Richard M. Schulze sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $92.51, for a total value of $27,753,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen Scarlett sold 116,062 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was 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 directly owned 116,173 shares of the company’s stock, valued at approximately $10,705,341.95. This represents a 49.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by corporate insiders.
Best Buy Company Profile (Free Report)
Best Buy Co, Inc (NYSE: BBY) is a specialty retailer of technology products and services. The company sells consumer electronics, computers and tablets, mobile phones, appliances, entertainment products, smart-home devices, gaming equipment and related accessories through its stores and digital platforms.
Best Buy also provides technology services through Geek Squad, including product installation, setup, repair, troubleshooting and technical support. Its operations include retail stores, e-commerce, delivery and fulfillment services, as well as membership and protection offerings.
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Stegent Equity Advisors Inc. purchased a new stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,327 shares of the technology retailer’s stock, valued at approximately $1,264,000.
Several other large investors also recently made changes to their positions in BBY. 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. Hsbc Holdings PLC raised its position in Best Buy by 104.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after buying an additional 1,030,544 shares during the last quarter. Deutsche Bank AG bought a new stake in Best Buy in the 2nd quarter valued at approximately $116,003,000. Finally, 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. Institutional investors own 80.96% of the company’s stock.
Best Buy Trading Up 0.0% NYSE BBY opened at $87.02 on Tuesday. Best Buy Co., Inc. has a 12 month low of $55.10 and a 12 month high of $96.53. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $87.55 and a 200-day moving average of $76.79. The company has a market cap of $18.25 billion, a PE ratio of 14.48, a PEG ratio of 2.17 and a beta of 1.26.
Best Buy (NYSE:BBY – Get Free Report) last issued its earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. On average, equities research analysts anticipate that Best Buy Co., Inc. will post 6.82 EPS for the current fiscal year. Best Buy Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.96 per share. The ex-dividend date was Thursday, September 17th. This represents a $3.84 annualized dividend and a dividend yield of 4.4%. Best Buy’s payout ratio is currently 63.89%.
Insider Activity In related news, EVP Kathleen Scarlett sold 116,062 shares of Best Buy stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard M. Schulze sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $92.51, for a total value of $27,753,000.00. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades A number of equities analysts have weighed in on the company. Loop Capital downgraded Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price target for the company. in a research report on Monday, July 13th. Guggenheim lifted their price objective on shares of Best Buy from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 28th. UBS Group reissued a “neutral” rating and issued a $90.00 price objective (up from $86.00) on shares of Best Buy in a research report on Friday, August 28th. Truist Financial set a $100.00 target price on shares of Best Buy in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Best Buy from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.65.
View Our Latest Analysis on BBY
Best Buy Company Profile (Free Report)
Best Buy Co, Inc (NYSE: BBY) is a specialty retailer of technology products and services. The company sells consumer electronics, computers and tablets, mobile phones, appliances, entertainment products, smart-home devices, gaming equipment and related accessories through its stores and digital platforms.
Best Buy also provides technology services through Geek Squad, including product installation, setup, repair, troubleshooting and technical support. Its operations include retail stores, e-commerce, delivery and fulfillment services, as well as membership and protection offerings.
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Key Takeaways Best Buy Ads targets 10% collections growth in fiscal 2027, supported by customer reach and insights.BBY raised its Marketplace GMV outlook to $1.3 billion after stronger-than-expected second-quarter results.Ads and Marketplace growth helped lift domestic gross margin 60 basis points to 24%, alongside tariff refunds. Best Buy Co., Inc. (BBY - Free Report) is strengthening its retail model by expanding the advertising and Marketplace businesses. Best Buy Ads draws on customer reach and insights, while Marketplace broadens product selection and attracts new sellers. Together, these initiatives create additional profit streams, support investments in customer experience and reinforce the company’s position as an omnichannel technology retailer.
Best Buy Ads collections are on track to grow 10% in fiscal 2027, building on $900 million last year. This momentum supports management’s strategy to advance Best Buy as a retail media, advertising and technology company. Its customer relationships and growing reach provide a foundation for connecting brands and advertising partners with shoppers.
Marketplace is delivering stronger-than-anticipated results. Domestic gross merchandise value reached approximately $300 million in the second quarter, prompting management to raise its full-year forecast to $1.3 billion. Customer ratings and return rates are in line with the first-party business. Plans to add international sellers create another expansion opportunity, opening the platform beyond sellers with a U.S. physical presence.
These businesses are contributing to margin improvement. Domestic gross profit rate rose 60 basis points year over year to 24%, with Ads and Marketplace growth among the key drivers, alongside approximately $34 million in tariff refunds. Management expects annual gross profit rate expansion of 30-40 basis points, primarily supported by continued growth in both initiatives.
The stronger Marketplace outlook has also slightly improved management’s expectations for the combined operating income contribution from Ads and Marketplace. Alongside broader business momentum, Best Buy raised its fiscal 2027 adjusted operating income rate guidance to 4.4-4.5%. Expanding seller participation, sustained advertising growth and a wider assortment position these businesses to become increasingly meaningful profit contributors while supporting investment in the core retail experience.
BBY’s Price Performance, Valuation & EstimatesOver the past six months, Best Buy stock has risen 31% as compared with the industry’s 29.6% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, BBY trades at a trailing price-to-sales ratio of 0.43, slightly above the industry’s average of 0.42. It has a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Best Buy’s current and next financial years’ earnings implies year-over-year growth of 6.1% and 7%, respectively. Earnings estimates for fiscal 2027 and 2028 have been revised upward by 3 cents and remained unchanged, respectively, over the past 30 days.
Image Source: Zacks Investment Research
BBY’s Zacks Rank & Other Key PicksBest Buy currently carries a Zacks Rank #2 (Buy).
We have highlighted three other top-ranked stocks in the retail space, namely Ross Stores Inc. (ROST - Free Report) , Target Corporation (TGT - Free Report) and Dollar Tree (DLTR - Free Report) .
Ross Stores operates as an off-price retailer of apparel and home accessories. The company also holds a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Ross Stores’ current fiscal-year earnings and sales indicates growth of 32.7% and 12.8%, respectively, from the year-ago actuals. ROST delivered a trailing four-quarter average earnings surprise of 11.2%.
Target Corporation offers guests fashionable, differentiated merchandise and everyday essentials at discounted prices. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Target’s current fiscal-year earnings and sales implies growth of 37.8% and 5.1%, respectively, from the year-ago actuals. TGT delivered a trailing four-quarter average earnings surprise of 10.5%.
Dollar Tree is an operator of discount variety stores offering a broad assortment of everyday consumables and discretionary merchandise. The company also has a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Dollar Tree's current fiscal-year earnings and sales indicates growth of 36.4% and 6.6%, respectively, from the year-ago actuals. DLTR delivered a trailing four-quarter average earnings surprise of 12.2%.
Best Buy i Dick’s zvýšily dividendu, ale jen Best Buy ji pokrývá volným peněžním tokem s velkou rezervou. Dick’s má slabší krytí a jeho volný peněžní tok letos nestačil na výplatu dividend.
Both Dick's Sporting Goods and Best Buy just raised their dividends, but free cash flow tells a very different story about which payout a retirement portfolio can actually count on.
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Which retail dividend holds up better for a retirement-focused investor: Dick’s Sporting Goods (NYSE:DKS | DKS Price Prediction) or Best Buy (NYSE:BBY)? Best Buy has the stronger income profile, and the cash flow statements show why. Both raise their dividends, and both depend on discretionary spending in physical stores. Right now, only one of them pays its dividend easily out of free cash flow.
Dividend Income: Best Buy Pays More and Covers It Better At $88.84, Best Buy’s $3.84 annualized dividend yields about 4.3%. Dick’s $5.00 annualized payout yields about 3.7% at $136.43.
Best Buy’s coverage is stronger. Best Buy produced $1.26B of free cash flow in its fiscal year ended January 2026, compared with $801M in dividends. That is roughly 157% coverage. Over the first half of fiscal 2027, operating cash flow minus capex came to about $952M, against $405M paid out.
The buffer at Dick’s is much thinner. Free cash flow of about $482M in the fiscal year ended January 2026 covered $414M of dividends by roughly 116%. Through the first half of 2026, free cash flow was about $49M against $225M in dividends. Management also guides full-year net capex to roughly $1.4 billion. The balance sheet can cover the shortfall for now, with $914 million in cash and no borrowings on a $2 billion credit facility.
Dick’s does have the stronger record of growing its payout. Its quarterly dividend rose from $0.3125 in 2020 to $1.25 today, and it paid a $5.9375 special distribution in September 2021. Best Buy’s latest raise was just 1%. Even so, a retiree is better served by a well-covered dividend that grows slowly than by fast raises that cash flow is not currently funding (the kind of coverage gap we highlighted among the seven warning signs in our free dividend traps guide).
Business Durability: Best Buy’s Momentum Beats Dick’s Foot Locker Drag Best Buy has now beaten EPS estimates five quarters in a row. In the latest quarter, adjusted EPS was $1.47 against a $1.36 estimate, and comparable sales rose 4.1%. The company raised fiscal 2027 adjusted EPS guidance to $6.70 to $6.90. Ads and the online marketplace are adding higher-margin profit, with marketplace sales volume expectations raised to $1.3 billion. Electronics still face price swings and replacement cycles. Computing average selling prices rose by the mid-teens while unit sales fell by a high single-digit percentage, and management expects computing growth to slow. Jason Bonfig takes over as CEO on Nov. 1.
The core Dick’s chain is healthy, with comparable sales up 4.9%. Foot Locker is dragging results. That section posted a $31.9M operating loss, and Dick’s cut full-year EPS guidance to $11.00 to $12.00 from $13.50 to $14.50. Management said, “We’re going to experience some pain at least through the end of this year.”
Valuation: Dick’s Is the Cheaper Stock Dick’s trades at about 12x the midpoint of its guidance, compared with roughly 13x for Best Buy. Measured against those same midpoints, its dividend uses only about 43% of earnings, versus 56% at Best Buy. Dick’s shares are down 29.59% year to date, while Best Buy is up 37.92%. Analysts’ average target for Dick’s is $158.27. Best Buy’s average target of $86.95 sits below its current price. Dick’s clearly wins on valuation.
Verdict: Best Buy Earns the Retirement Income Slot For an investor who lives on dividend checks, Best Buy has the stronger profile. It offers the higher yield, free cash flow that covers the payout with room to spare, and guidance that is rising. Dick’s fits a longer total-return horizon that can handle the Foot Locker turnaround in exchange for the lower valuation.
What would flip the outcome: Foot Locker returning to a section profit while Dick’s capex comes down far enough that operating cash flow covers the dividend again. On Best Buy’s side, comparable sales turning negative as the computing cycle passes, or a new CEO scaling back shareholder returns, would restart the debate.
Contact [email protected] for any questions or corrections.
Best Buy zvyšuje dividendu každý rok od roku 2015 a nyní nabízí výnos 4,2 %. Volný peněžní tok a vyšší výhled EPS naznačují, že čtvrtletní výplata 0,96 USD je zatím krytá.
Best Buy has raised its dividend every year since 2015 and currently yields 4.2%, but a soft consumer year once pushed coverage to the razor's edge. Here is what the cash flow record reveals about whether that quarterly check holds…
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Best Buy (NYSE:BBY | BBY Price Prediction) sells TVs, laptops and phones in a category pressured by online rivals. Yet the checks keep arriving. The stock yields 4.2% on a forward annual payout of $3.84, with the next $0.96 payment due October 8, 2026. For an income investor, the question is whether that payout survives a bad year.
Free Cash Flow Covers Every Dollar of the Dividend Free cash flow is the cash left after store and technology spending, and it is what actually funds a dividend. In fiscal 2026, Best Buy generated $1.258 billion of free cash flow from $1.962 billion of operating cash flow, while dividends cost $801 million. Buybacks also continued at $273 million.
Earnings point the same way. Management raised fiscal 2027 adjusted EPS guidance to $6.70 to $6.90, up from $6.30 to $6.60, well above the $3.84 annual dividend. Second-quarter adjusted EPS of $1.47 beat the $1.36 consensus, the 5th consecutive beat.
“We drove growth across almost all our major product categories as well as continued strong performance in our Best Buy Ads and Marketplace initiatives.”
Best Buy Ads is on track for 10% growth on $900 million in collections last year, and marketplace GMV guidance rose to $1.3 billion. Higher-margin revenue supports the dividend beyond hardware.
Balance Sheet Cushion Gets Tested Every Fall Best Buy held $2.255 billion in cash at the end of July, up 31.64% year over year. Total debt of $4.133 billion is mostly lease obligations of $2.964 billion, with long-term debt at $1.158 billion.
Retail cash flow is seasonal. Holiday inventory built up. Operating cash flow was negative $99 million in the quarter ending October 2025, then moved to $1.278 billion the next quarter. A soft consumer year looks like fiscal 2024: operating cash flow fell to $1.47 billion, capital spending was $795 million, and dividends cost $801 million. Coverage got thin, and the company raised the quarterly rate anyway. Buybacks are the flexible tool: Best Buy bought back just $36 million last quarter against a roughly $300 million full-year plan.
A Decade of Raises, Now Growing Slowly Dividend records go back to 2003. The regular quarterly rate has stepped up every year since 2015, from $0.23 to today’s $0.96, with no cut over that stretch. The big jump came in 2022, from $0.70 to $0.88. Since then, raises have fallen to cents: $0.92, $0.94, $0.95, then a 1% bump in March 2026.
Consider Target (NYSE:TGT) first. It is a Dividend King with a far longer record of annual increases, and Amazon (NASDAQ:AMZN) pays no dividend and reinvests its capital. Best Buy sits between them: a genuine income stock with a shorter streak.
Leadership changes hands on November 1, 2026, when Jason Bonfig becomes CEO. His stated priority:
“It is about making sure we grow revenue, keep our customers, and improve the rate over time.”
Verdict: Built to Last, With Slow Growth Ahead This dividend is durable. Free cash flow, raised earnings guidance, a growing cash pile and a flexible buyback provide protection, so an income investor can reasonably trust the $0.96 quarterly check while expecting small raises. Watch annual free cash flow against roughly $801 million in yearly dividend payments. If free cash flow falls below that line for more than one year, the answer changes.
Contact [email protected] for any questions or corrections.
EVP Kathleen Scarlett prodala 116 062 akcií Best Buy za průměrnou cenu 92,15 USD, což snížilo její pozici o 49,98 %. Akcie BBY zahájily obchodování na 90,54 USD a byly níže o 0,5 %.
Best Buy Co., Inc. (NYSE:BBY – Get Free Report) EVP Kathleen Scarlett sold 116,062 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the transaction, the executive vice president owned 116,173 shares of the company’s stock, valued at $10,705,341.95. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Best Buy Trading Down 0.5% Shares of NYSE:BBY opened at $90.54 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $87.41 and its 200 day moving average price is $74.84. The company has a market cap of $18.99 billion, a PE ratio of 15.06, a P/E/G ratio of 2.27 and a beta of 1.28. Best Buy Co., Inc. has a fifty-two week low of $55.10 and a fifty-two week high of $96.53.
Best Buy (NYSE:BBY – Get Free Report) last posted its earnings results on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.39 by $0.08. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. Best Buy’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Sell-side analysts anticipate that Best Buy Co., Inc. will post 6.82 earnings per share for the current year.
Best Buy Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $3.84 annualized dividend and a yield of 4.2%. Best Buy’s payout ratio is presently 63.89%. Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Best Buy in the second quarter valued at about $1,932,812,000. Bank of New York Mellon Corp bought a new stake in Best Buy during the 2nd quarter worth about $174,893,000. Norges Bank acquired a new stake in Best Buy in the 4th quarter valued at about $174,685,000. Hsbc Holdings PLC increased its position in Best Buy by 104.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after acquiring an additional 1,030,544 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Best Buy in the second quarter worth about $116,003,000. Institutional investors and hedge funds own 80.96% of the company’s stock.
Analyst Ratings Changes A number of research analysts have recently commented on the company. DA Davidson raised Best Buy from a “hold” rating to a “strong-buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Best Buy from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Jefferies Financial Group cut shares of Best Buy from a “buy” rating to a “hold” rating and lowered their target price for the company from $89.00 to $85.00 in a research note on Wednesday, August 5th. Morgan Stanley boosted their price target on shares of Best Buy from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Best Buy in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.40.
Read Our Latest Analysis on Best Buy
About Best Buy (Get Free Report)
Best Buy Co, Inc is a specialty retailer of technology products and services operating under the Best Buy brand. The company sells consumer electronics, computers, mobile phones, appliances, entertainment products, smart-home equipment, and related accessories through its retail stores, websites, and other sales channels.
Best Buy also provides technology support, installation, repair, and consultation services through Geek Squad. Its offerings include assistance with device setup, home theater installation, computer and appliance support, and technology solutions for consumers and small businesses.
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Andra AP fond ve 2. čtvrtletí nově koupil 17 417 akcií Best Buy za zhruba 1,322 milionu USD. Institucionální investoři nyní drží 80,96 % akcií společnosti.
Andra AP fonden purchased a new stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,417 shares of the technology retailer’s stock, valued at approximately $1,322,000.
Several other large investors also recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its position in shares of Best Buy by 18.1% during the second quarter. Sequoia Financial Advisors LLC now owns 12,049 shares of the technology retailer’s stock worth $914,000 after purchasing an additional 1,845 shares during the period. Cidel Asset Management Inc. grew its position in Best Buy by 7.7% during the second quarter. Cidel Asset Management Inc. now owns 6,502 shares of the technology retailer’s stock valued at $493,000 after purchasing an additional 466 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Best Buy by 5.3% during the 2nd quarter. Arizona State Retirement System now owns 56,957 shares of the technology retailer’s stock worth $4,322,000 after purchasing an additional 2,859 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Best Buy during the 2nd quarter valued at $264,000. Finally, Empirical Finance LLC lifted its holdings in Best Buy by 153.0% in the 2nd quarter. Empirical Finance LLC now owns 17,467 shares of the technology retailer’s stock worth $1,325,000 after purchasing an additional 10,563 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.
Best Buy News Roundup Here are the key news stories impacting Best Buy this week:
Positive Sentiment: Amazon Fire TV partnership expands advertising opportunity: Best Buy and Amazon expanded their multi-year Fire TV agreement to make Best Buy Ads inventory available across Insignia televisions beginning around February 2027. The deal could turn one-time electronics purchases into recurring advertising revenue and strengthen Best Buy’s retail-media strategy. Best Buy Ads generated approximately $900 million in fiscal 2026 revenue and is expected to approach a $1 billion annual run rate, potentially supporting higher margins and earnings over time. Best Buy and Amazon Expand Fire TV Partnership Positive Sentiment: Core operating performance remains resilient: Best Buy’s latest quarterly results exceeded expectations, including $1.47 in EPS versus the $1.39 consensus estimate, while revenue reached $9.78 billion. Comparable sales also reportedly outpaced forecasts, supporting management’s fiscal 2027 outlook and providing a stable base for the advertising business to grow. Neutral Sentiment: Leadership transition reinforces the strategic pivot: Jason Bonfig is scheduled to become CEO on November 1, replacing Corie Barry. His background in retail media and store-format initiatives signals continued emphasis on advertising monetization and improving the efficiency of Best Buy’s physical footprint, although execution risks remain. Negative Sentiment: Executive share sale creates a sentiment overhang: EVP Kathleen Scarlett sold 116,062 shares for approximately $10.7 million, reducing her direct ownership by nearly half. The transaction follows other reported insider selling and may concern investors because the sales occurred near the stock’s 52-week high. SEC insider transaction filing Negative Sentiment: Analyst caution and hardware pressures remain risks: The consensus rating is reportedly Hold, with an average price target below recent trading levels. Rising memory-chip costs could also lift computer prices and weaken unit demand, limiting growth in Best Buy’s traditional low-margin retail business. Best Buy Stock Performance Shares of BBY stock opened at $91.07 on Friday. The stock has a market cap of $19.10 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28. The stock has a 50-day moving average of $87.31 and a 200-day moving average of $74.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 0.41. Best Buy Co., Inc. has a one year low of $55.10 and a one year high of $96.53. Best Buy (NYSE:BBY – Get Free Report) last issued its earnings results on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The firm had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, sell-side analysts expect that Best Buy Co., Inc. will post 6.82 earnings per share for the current year.
Best Buy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, September 17th. Best Buy’s dividend payout ratio (DPR) is 63.89%.
Analyst Ratings Changes Several research analysts have commented on BBY shares. The Goldman Sachs Group lifted their price target on Best Buy from $62.00 to $71.00 and gave the stock a “sell” rating in a research report on Friday, August 28th. Piper Sandler lifted their price objective on Best Buy from $77.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Guggenheim lifted their price objective on Best Buy from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 28th. Loop Capital lowered Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price target on the stock. in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Best Buy from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Best Buy has an average rating of “Hold” and a consensus target price of $85.40.
Read Our Latest Report on BBY
Insider Buying and Selling In other Best Buy news, EVP Kathleen Scarlett sold 116,062 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the completion of the transaction, the executive vice president owned 116,173 shares of the company’s stock, valued at $10,705,341.95. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard Schulze sold 300,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $92.51, for a total transaction of $27,753,000.00. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by company insiders.
Best Buy Profile (Free Report)
Best Buy Co, Inc is a specialty retailer of technology products and services operating under the Best Buy brand. The company sells consumer electronics, computers, mobile phones, appliances, entertainment products, smart-home equipment, and related accessories through its retail stores, websites, and other sales channels.
Best Buy also provides technology support, installation, repair, and consultation services through Geek Squad. Its offerings include assistance with device setup, home theater installation, computer and appliance support, and technology solutions for consumers and small businesses.
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Best Buy a Amazon rozšiřují partnerství v oblasti Fire TV a od února 2027 otevřou reklamní prostor Fire TV pro Best Buy Ads. Fire TV zůstane exkluzivním softwarem všech televizí Insignia.
Best Buy and Amazon announced an expanded multiyear Fire TV partnership that will continue bringing the Fire TV experience to Insignia TVs and create more connected TV (CTV) advertising opportunities through Best Buy Ads, powered by Amazon Ads technology. Beginning February 2027, Best Buy Ads will use Amazon Ads’ programmatic technology, including AI-powered tools, to help brands plan, activate, optimize and measure advertising campaigns.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260923606515/en/
Best Buy and Amazon Expand Fire TV Partnership, Opening Fire TV Ad Inventory to Best Buy Ads
Building on a relationship that has brought televisions with Fire TV to tens of millions of homes since 2018, the expanded agreement combines Amazon’s streaming expertise with Best Buy’s leadership in home theater. As part of the partnership, Fire TV will continue to be the exclusive TV software experience on all Insignia TVs produced by Best Buy. Insignia TVs, ranging in size from 24- to 85-inch models, feature both the latest Fire TV user interface launched earlier this year, and Alexa+ now integrated across the majority of models. Best Buy will continue to be the exclusive retailer for these devices in store and on Amazon.com, sold by Best Buy.
Best Buy Ads will also now offer brands access to Fire TV advertising inventory on all new and existing Insignia TVs. The partnership provides brands and partners a new way to extend their campaigns to better reach relevant audiences through Fire TV, one of the most widely used streaming experiences.
“No one knows TVs — or the customers who buy them — better than Best Buy,” said Lisa Valentino, chief ads and media officer at Best Buy. “By combining Amazon’s extraordinary Fire TV experience with our Insignia TVs, we can both put a great product in more customers’ homes and create new premium opportunities for brands to reach engaged viewers. It’s a combination of expertise, scale and advertising value that only Best Buy and Amazon can deliver.”
“By extending our relationship into advertising, Best Buy Ads and Amazon Ads will help brands reach relevant audiences with video and display Fire TV ads on the tens of millions of televisions we’ve together delivered to customers' homes,” said Charlotte Maines, vice president of devices, content, and advertising at Amazon. “Brands will also have access to insights on how their campaigns perform on Fire TV to measure the business outcomes they care about most.”
Best Buy and Amazon first entered into a partnership in 2018, when the companies teamed up to introduce Insignia and Toshiba smart TVs with Fire TV built in. Since the launch of the first TVs, Best Buy and Amazon have introduced more than 100 TV models that have earned hundreds of thousands of 4-star ratings from customers. These TVs are available through the Best Buy App, BestBuy.com, in stores and on Amazon.com, sold by Best Buy.
About Best Buy
Best Buy (NYSE: BBY) is the world’s largest specialty consumer electronics retailer. Our purpose is to enrich lives through technology, which we do by providing our customers a unique mix of advice, products and services in our stores, online, and in homes. Our expert associates advise customers on our curated assortment of the latest, name-brand technology, while our highly trained services teams help with designs, consultations, delivery, installation, tech support and repair. We are a leader in corporate responsibility and sustainability issues, including through the Best Buy Foundation’s nationwide Best Buy Teen Tech Center® network and the significant role we play in the circular economy through repair, trade-in and recycling programs. We generated more than $41.6 billion of revenue in fiscal 2026, operate more than 1,000 retail stores in North America, and have more than 80,000 employees. For more information, visit corporate.bestbuy.com and investors.bestbuy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260923606515/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Best Buy ve 2. fiskálním čtvrtletí zvýšil tržby o 3,6 % na 9,8 miliardy USD a srovnatelné tržby vzrostly o 4,1 %. Domácí online tržby stouply o 5,1 % na 3 miliardy USD.
Key Takeaways Best Buy's fiscal Q2 revenues increased 3.6% y/y to $9.8 billion, with enterprise comparable sales up 4.1%.Domestic online revenues rose 5.1% to $3 billion, representing 33.1% of Best Buy's domestic revenues.Best Buy lifted its Marketplace GMV forecast to $1.3 billion as quarterly GMV reached about $300 million. Best Buy Co., Inc. (BBY - Free Report) is advancing its technology-centered retail model through artificial intelligence (AI), experiential stores and vendor collaboration. Its strategy links digital convenience with associate expertise and differentiated demonstrations. Ask Blue, ChatGPT commerce integration and Meta Labs are designed to improve product discovery and reinforce its omnichannel position.
These efforts are supported by strong performance. Second-quarter fiscal 2027 revenues increased 3.6% year over year to $9.8 billion, while enterprise comparable sales rose 4.1%. Computing led category growth, with the Best Buy Business team’s sales increasing 21% from the prior-year period.
Product innovation was a demand catalyst. Computing recorded its tenth consecutive quarter of positive comparable sales, supported by replacement needs and innovation. Sales from emerging categories, including artificial intelligence glasses, health rings and trading cards, more than doubled. Home theater delivered its strongest sales growth since the second quarter of fiscal 2022.
Best Buy is extending this momentum across physical and digital channels. The company is more than halfway through implementing 50 Meta Labs, which showcase AI glasses and virtual-reality solutions. Domestic online revenues grew 5.1% on a comparable basis to $3 billion and represented 33.1% of domestic revenues. Ask Blue offers comparisons, compatibility guidance and support.
Ads and Marketplace provide a growth avenue. Domestic Marketplace gross merchandise value reached approximately $300 million in the quarter, prompting management to raise its full-year forecast to $1.3 billion. Best Buy Ads collections are on track to grow 10% from last year’s $900 million level. Industrywide memory-cost increases, higher computing prices and high-single-digit unit declines remain concerns, but the AI ecosystem and digital reach support Best Buy’s growth strategy.
BBY’s Price Performance, Valuation & EstimatesOver the past three months, Best Buy’s stock has risen 26.5% compared with the industry’s 23.7% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, BBY trades at a trailing price-to-sales ratio of 0.48, slightly above the industry’s average of 0.46. It has a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Best Buy’s current and next financial years’ earnings implies year-over-year growth of 5.6% and 6.8%, respectively. Earnings estimates for fiscal 2027 and 2028 have been revised upward by 22 cents and 17 cents, respectively, over the past 30 days.
Image Source: Zacks Investment Research
BBY’s Zacks Rank & Key PicksBest Buy currently carries a Zacks Rank #3 (Hold).
Five Below, Inc. (FIVE - Free Report) is a Pennsylvania-based specialty value retailer offering trend-right merchandise priced mostly at $5 and below, with a select range priced above $5. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Five Below’s current fiscal-year earnings and sales suggests growth of 57.6% and 20.1%, respectively, from the year-ago actuals. FIVE delivered a trailing four-quarter average earnings surprise of 68.3%.
Target Corporation (TGT - Free Report) offers guests fashionable, differentiated merchandise and everyday essentials at discounted prices. It currently carries a Zacks Rank of 2 (Buy).
The Zacks Consensus Estimate for Target's current fiscal-year earnings and sales suggests growth of 37.8% and 4.8%, respectively, from the year-ago actuals. TGT delivered a trailing four-quarter average earnings surprise of 10.5%.
Ross Stores Inc. (ROST - Free Report) operates as an off-price retailer of apparel and home accessories, primarily in the United States. The company also holds a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Ross Stores’ current fiscal-year earnings and sales indicates growth of 32.7% and 12.4%, respectively, from the year-ago actuals. ROST delivered a trailing four-quarter average earnings surprise of 11.2%.
California State Teachers Retirement System ve 2. čtvrtletí zvýšil podíl v Best Buy o 8 279,9 % na 22 175 854 akcií. Best Buy zároveň oznámil EPS 1,47 USD a tržby 9,78 miliardy USD, obojí nad odhady.
California State Teachers Retirement System increased its stake in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 8,279.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,175,854 shares of the technology retailer’s stock after acquiring an additional 21,911,223 shares during the quarter. California State Teachers Retirement System owned about 10.52% of Best Buy worth $1,682,704,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Saudi Central Bank grew its holdings in Best Buy by 89.3% during the 2nd quarter. Saudi Central Bank now owns 13,906 shares of the technology retailer’s stock valued at $1,055,000 after buying an additional 6,559 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich increased its position in Best Buy by 80.0% in the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 92,464 shares of the technology retailer’s stock worth $7,016,000 after purchasing an additional 41,092 shares during the last quarter. Syon Capital LLC raised its stake in Best Buy by 67.5% during the second quarter. Syon Capital LLC now owns 10,780 shares of the technology retailer’s stock valued at $818,000 after purchasing an additional 4,343 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Best Buy by 44.9% during the second quarter. Concurrent Investment Advisors LLC now owns 132,210 shares of the technology retailer’s stock valued at $10,032,000 after purchasing an additional 40,993 shares during the last quarter. Finally, NEOS Investment Management LLC grew its stake in shares of Best Buy by 12.6% in the 2nd quarter. NEOS Investment Management LLC now owns 31,191 shares of the technology retailer’s stock worth $2,367,000 after buying an additional 3,497 shares in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.
Wall Street Analysts Forecast Growth BBY has been the topic of several recent research reports. DA Davidson restated a “neutral” rating and set a $95.00 target price on shares of Best Buy in a research report on Tuesday. Weiss Ratings upgraded Best Buy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Loop Capital downgraded Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price objective on the stock. in a research report on Monday, July 13th. The Goldman Sachs Group raised their price objective on Best Buy from $62.00 to $71.00 and gave the company a “sell” rating in a research note on Friday, August 28th. Finally, Truist Financial set a $100.00 target price on Best Buy in a report on Thursday, August 27th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.40.
Read Our Latest Analysis on Best Buy Insider Buying and Selling In other news, Chairman Richard Schulze sold 224,705 shares of Best Buy stock in a transaction that occurred on 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 completion of the transaction, the chairman directly owned 10,430,936 shares of the company’s stock, valued at $814,656,101.60. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 500,000 shares of company stock valued at $39,065,226. Corporate insiders own 0.50% of the company’s stock.
Best Buy Stock Up 3.2% NYSE:BBY opened at $90.89 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $85.24 and its two-hundred day moving average is $72.82. Best Buy Co., Inc. has a twelve month low of $55.10 and a twelve month high of $91.37. The company has a market cap of $19.06 billion, a PE ratio of 15.12, a P/E/G ratio of 2.20 and a beta of 1.28.
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. Best Buy had a return on equity of 48.14% and a net margin of 3.01%.The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Analysts anticipate that Best Buy Co., Inc. will post 6.82 EPS for the current year.
Best Buy Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, September 17th. Best Buy’s dividend payout ratio (DPR) is currently 63.89%.
About Best Buy (Free Report)
Best Buy Co, Inc is a specialty retailer of technology products and services operating under the Best Buy brand. The company sells consumer electronics, computers, mobile phones, appliances, entertainment products, smart-home equipment, and related accessories through its retail stores, websites, and other sales channels.
Best Buy also provides technology support, installation, repair, and consultation services through Geek Squad. Its offerings include assistance with device setup, home theater installation, computer and appliance support, and technology solutions for consumers and small businesses.
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Best Buy ve 2. čtvrtletí zvýšil upravený EPS o 15 % na 1,47 USD a tržby o 3,6 % na 9,78 miliardy USD. Firma zároveň zvedla výhled tržeb pro fiskální rok 2027 na 42,3–42,8 miliardy USD.
Key Takeaways Best Buy's Q2 adjusted EPS rose 15% to $1.47 as revenues climbed 3.6% and comps advanced 4.1%.Best Buy raised fiscal 2027 revenue guidance to $42.3-$42.8B and comparable-sales growth to 1.9%-3%.Computing, mobile, TVs & newer categories broaden growth, while memory inflation and tougher comps pose risks. Shares of Best Buy Co., Inc. (BBY - Free Report) have gained 17.9% in the past three months, raising the bar for further upside. The advance now has better operating support, with earnings, revenues and comparable sales improving in the latest quarter. Broader category growth and higher fiscal 2027 guidance strengthen the case for sustained momentum. Memory-cost inflation, tougher computing comparisons and a valuation above recent norms keep the investment picture balanced.
BBY's Three-Month Rally Meets Stronger FundamentalsSecond-quarter adjusted earnings rose 15% to $1.47 per share and beat the Zacks Consensus Estimate of $1.37. Revenues increased 3.6% to $9.78 billion and topped the consensus mark of $9.56 billion, while enterprise comparable sales advanced 4.1%.
Best Buy raised fiscal 2027 revenue guidance to $42.3-$42.8 billion and adjusted earnings guidance to $6.70-$6.90 per share. Comparable sales are now expected to increase 1.9-3%, up from the prior range of a 1% decline to 1% growth.
Image Source: Zacks Investment Research
Best Buy's Q2 Beat Adds Weight to the MomentumDomestic comparable sales rose 4.5%, while domestic online comparable sales increased 5.1%. The domestic gross profit rate expanded 60 basis points to 24%, helped by Marketplace, Best Buy Ads and about $34 million of tariff refunds, partly offset by lower product margin rates.
Online revenues represented 33.1% of domestic revenues, up from 32.8% a year earlier. That mix reinforces Best Buy's omnichannel traction as Marketplace and Best Buy Ads scale alongside retail operations.
BBY's Growth Mix Is Broadening Beyond ComputingComputing delivered its 10th consecutive quarter of positive comparable sales growth, while mobile phones posted a sixth straight quarter of growth. Home theater also strengthened, with domestic TV sales rising more than 10% year over year.
Combined sales of AI glasses, trading cards and health rings more than doubled from a year earlier and contributed about one percentage point to comparable sales growth. Best Buy Business sales also increased 21%, adding another growth source.
Best Buy Faces Memory Inflation and Tougher CompsComputing average selling prices increased in the mid-teens as unit volumes fell in the high single digits. Higher memory costs are flowing into the assortment, creating elasticity risk even as Best Buy uses promotions, financing, trade-ins and earlier inventory purchases to preserve key price points.
Management expects computing growth to slow in the second half as comparisons get tougher. Traditional gaming also declined as Best Buy lapped the prior-year Switch 2 launch, underscoring the category's exposure to uneven product cycles.
BBY's Valuation Leaves Less Room for DisappointmentBBY trades at 12.5X forward 12-month consensus EPS estimate, above its five-year median of 11.5X and slightly above the Zacks sub-industry's 12.3X. That premium leaves less valuation cushion if second-half sales or margin progress falls short.
Target Corporation (TGT - Free Report) , one of BBY's retail peers, trades at 14.9X forward earnings. Walmart Inc. (WMT - Free Report) , another peer, trades at 36.8X. Those comparisons place BBY below both peers on this measure, even as its own multiple sits above its five-year median.
BBY's Hold Signal Meets Strong Style ScoresThe bottom line is that BBY's rally has broader fundamental support, but the recent move already reflects some of that progress. Memory inflation, tougher comparisons and a higher-than-median valuation argue for a measured view of additional upside.
The stock currently carries a Zacks Rank #3 (Hold). BBY also has a Value Score of A, Growth Score of A, Momentum Score of A and VGM Score of A. Those scores indicate favorable characteristics across multiple investing styles, but they complement rather than override the Zacks Rank, supporting a balanced near-term stance. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Frequency Exchange získala schválení pro prodej NIKKI na Best Buy Marketplace a cílí na první kanadské uvedení na trh ve 4. čtvrtletí 2026. Firma zároveň uvádí závazky ve výši přibližně 600 000 CAD k první tranši financování.
Vancouver, British Columbia, September 3, 2026 – TheNewswire – Frequency Exchange Corp. (TSXV: FREQ | OTC: FRECF | FSE: YC6) (“Frequency Exchange” or the “Company”) is pleased to announce that NIKKI, the Company’s wearable wellness device, has been approved for sale on Best Buy Marketplace, the third-party seller platform available through BestBuy.ca and the Best Buy app. The Company is targeting an initial Canadian launch in Q4 2026.
The launch is being advanced in collaboration with Ripple Distribution and TKG Partners, Frequency Exchange’s retail distribution partner. Ripple/TKG is working with the Company to expand NIKKI’s presence across major retailers in Canada and select international markets. Frequency Exchange views Best Buy as a significant first step in expanding its NIKKI wellness platform into mainstream consumer retail and establishing additional distribution channels.
Best Buy already serves consumers through an established ecosystem of leading wearable and health-tracking brands, including Apple, WHOOP, Oura and Fitbit. NIKKI is designed to complement this ecosystem by offering consumers a frequency-based wellness platform alongside the tracking and monitoring capabilities of their existing devices.
NIKKI delivers frequency-based wellness programs designed to support sleep, stress, recovery and overall vitality, and can be used independently or alongside existing wearable and health-tracking devices.
Stephen Davis, CEO of Frequency Exchange, commented: “This represents a significant advancement for NIKKI and for our commercialization strategy. As we prepare for NIKKI’s planned launch on Best Buy Marketplace, we are also encouraged to have approximately CAD$600,000 in commitments already secured toward the first tranche of our current financing. This early support comes at an important time as we move into the next stage of execution, with Best Buy Marketplace, additional retail opportunities and international distribution all advancing.”
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Davis added: “Best Buy has helped bring wearable health-tracking technology into the mainstream, giving consumers access to leading devices that track areas such as sleep, stress, activity and recovery. With NIKKI, we believe Best Buy now has the opportunity to help introduce the next evolution of wearable wellness, a technology designed to support the very areas those devices are tracking. Just as Best Buy helped consumers discover wearable tracking technology, we believe it can play an important role in introducing NIKKI as the companion to that technology.”
The Company believes the planned Q4 launch represents a pivotal commercial milestone for NIKKI. As NIKKI becomes available to consumers through Best Buy Marketplace, the technology is also expected to gain additional exposure through Superhuman 2: REBIRTH, a major documentary focused on frequencies, while Frequency Exchange continues to advance NIKKI’s introduction to consumers through its access to more than 7,000 wellness clinics in the United States.
Together, these initiatives are expected to position NIKKI across three complementary channels — mainstream retail, practitioner access and consumer media — creating multiple avenues for consumer discovery, adoption and long-term brand development.
About Ripple Distribution and TKG Partners
Ripple Distribution and TKG Partners are an end-to-end retail distribution partner focused on building brands through channel development, sales and retail expansion across North American and international markets. Ripple/TKG maintains relationships with a broad network of major retailers that the Company believes represent potential future opportunities for NIKKI.
About Frequency Exchange Corp.
Frequency Exchange Corp. (TSXV: FREQ | OTC: FRECF | FSE: YC6) is a technology company building the next generation of wearable digital wellness solutions through its flagship platform, NIKKI®. Unlike traditional wearable devices that primarily monitor health metrics, NIKKI delivers personalized frequency-based wellness programs designed to support sleep, stress, recovery, energy and overall wellbeing. Originally developed through research supporting individuals living with Lyme disease, NIKKI has evolved into a scalable digital wellness platform addressing some of today’s largest global health challenges.
For additional information, please visit www.frequencyexchangecorp.com or www.wearenikki.com.
Investor Contacts:
Frequency Exchange Corp. FREmedica Technologies Inc.
This news release contains forward-looking statements within the meaning of applicable securities laws. These statements reflect the Company’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements.
Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Best Buy ve 2. čtvrtletí překonal očekávání díky růstu v počítačích, domácích kinech a mobilech; tržby stouply o 3,6 % na 9,8 miliardy USD. Firma zároveň zvýšila celoroční výhled.
Is Best Buy the AI Winner Hiding in the Electronics Aisle?Best Buy NYSE: BBY reported second-quarter fiscal 2027 results that exceeded its prior expectations, supported by growth in computing, home theater, mobile phones and newer product categories. The company raised its full-year outlook while outlining continued investments in retail media, its third-party marketplace, store formats and AI-enabled shopping tools.
Revenue for the quarter totaled $9.8 billion, up 3.6% from a year earlier. Enterprise comparable sales increased 4.1%, above the company’s prior expectation for roughly 1% growth. Adjusted operating income rate rose about 40 basis points year over year to 4.3%, while adjusted diluted earnings per share increased 15% to $1.47.
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Confidence Is Back, But Earnings Show the Consumer Is Being PickyCEO Corie Barry, who said the call would be her final earnings call as chief executive, attributed the performance to employee execution and momentum in categories tied to replacement needs and product innovation. Jason Bonfig, the company’s chief customer, product and fulfillment officer and incoming CEO, said Best Buy’s results reflected both internal initiatives and a healthy demand backdrop for its product categories.
Category growth led by computing and home theater Computing was the largest weighted comparable-sales driver in the quarter, marking its 10th consecutive quarter of positive comparable sales. Best Buy Business sales rose 21% from the prior year, helping support the category. Barry said the company’s business-to-business operation generates more than $1.1 billion in annual sales and has been growing at roughly 15% to 20% in the first half.
Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs ProofHome theater was the second-largest weighted comp contributor, with the company reporting domestic television sales growth of more than 10% year over year. Bonfig cited product assortment, inventory availability, delivery and installation improvements, as well as the launch of RGB television technology. Best Buy said it will be the only national retailer offering RGB TVs for customers to discover, experience and purchase during the next year.
The company also reported that sales in a group of emerging categories—including AI glasses, trading cards and health rings—more than doubled from a year earlier. Bonfig said those categories collectively contributed about 1 percentage point to comparable sales during the quarter.
Mobile phones delivered a sixth consecutive quarter of growth, aided by expanded carrier partnerships and store operating improvements. Major appliances posted slight sales growth, which management attributed to investments in pricing, marketing, product availability and faster delivery. Best Buy said next-day appliance availability is now offered in nearly all metro delivery locations, compared with less than half in the first quarter.
Traditional gaming sales declined as the company lapped the prior-year launch of the Nintendo Switch 2. Management expects the fourth-quarter release of Grand Theft Auto VI to support gaming software, hardware and accessories.
Marketplace, advertising and digital initiatives Best Buy continued to highlight its marketplace and advertising operations as growing profit streams. Best Buy Ads is on track to grow 10% this year after generating $900 million in collections last year, Bonfig said.
The company’s U.S. marketplace reached approximately $300 million in gross merchandise value during the second quarter. Best Buy now expects marketplace GMV of $1.3 billion for the full year, citing stronger-than-anticipated performance. The company plans to begin adding international marketplace sellers later in the quarter, expanding participation beyond sellers with a U.S. physical presence.
Management said marketplace and advertising growth contributed to domestic gross profit rate expansion. Domestic gross profit rate increased 60 basis points to 24%, also benefiting from $34 million in tariff refunds. Those gains were partly offset by lower product margin rates, primarily tied to investments in major appliances.
Best Buy also announced the phased rollout of Ask Blue, a conversational AI shopping and support assistant. The tool can compare products, assess compatibility, provide product and support information, and direct customers to self-service tools or live support. The company also completed a commerce integration with OpenAI, allowing customers to discover products, receive recommendations and make Best Buy purchases within ChatGPT.
Guidance raised as company monitors computing costs For fiscal 2027, Best Buy raised its guidance to revenue of $42.3 billion to $42.8 billion, comparable-sales growth of 1.9% to 3%, adjusted operating income rate of 4.4% to 4.5%, and adjusted diluted earnings per share of $6.70 to $6.90. Capital expenditures are expected to be approximately $750 million.
Third-quarter comparable-sales growth is expected to be 1% to 3%. Third-quarter adjusted operating income rate is projected at approximately 4.1% to 4.2%. August month-to-date comparable sales were at the high end of the company’s 1% to 3% second-half growth range. Best Buy said computing growth is expected to slow in the second half as the company laps two years of growth and a strong third quarter last year that benefited from the end of Windows 10 support. The company is also managing industry-wide increases in memory costs. In the second quarter, computing average selling prices increased in the mid-teens while unit sales declined in the high single digits.
Bonfig said Best Buy is working with vendors to maintain product choices at key price points and is using trade-ins, financing and promotions to help customers manage higher prices. Management said the memory-cost issue has primarily affected computing rather than other categories.
Barry said the consumer remains value-focused and responsive to sales events, but is still willing to purchase higher-priced products when replacement needs arise or new technology offers compelling benefits. The company also said it did not see material evidence of broad customer demand pull-forward following a major product price announcement.
Bonfig is set to formally assume the CEO role on Nov. 1, while Anne Bramman recently joined Best Buy as chief financial officer.
About Best Buy (NYSE:BBY)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.
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Best Buy Co Inc (NYSE:BBY)'s second-quarter results are shaping up as a critical test of the increasingly constructive narrative that has built around the stock, according to UBS.
The bank said the market has grown more confident that Best Buy can stabilize its core business, benefit from a healthier innovation cycle and drive earnings growth through newer profit streams, pushing expectations meaningfully higher. UBS framed the key question as no longer whether momentum has improved, but whether it can persist as the setup becomes more demanding.
UBS said the hurdle for a positive stock reaction is meaningfully higher than heading into the first quarter. The bank believes Best Buy should be capable of a healthy quarter despite cycling the Nintendo Switch 2 launch, tax refund benefits and portions of the Windows refresh cycle. But sentiment is much stronger today, with the stock trading at roughly 13 times next-twelve-months earnings versus about 9 times at the end of the first quarter, while the buy-side bar appears to sit at least in the 3% to 4% comp range versus sell-side consensus at 1.2%.
Because the market is already underwriting continued momentum, UBS said August commentary could matter nearly as much as the results themselves. The bank said the market wants to see low-to-mid-single-digit comp growth maintained so far this month, noting a low-single-digit increase could feed a skeptical narrative that demand was pulled forward as consumers bought ahead of price increases.
UBS said the quarter is less about a clean print and more about whether investors can underwrite a cleaner multi-quarter earnings algorithm. A beat narrowly tied to product launches or timing benefits may not be rewarded aggressively, while evidence that core categories are stabilizing and higher-margin revenue streams are scaling would justify the recent multiple re-rating.
The bank pointed to a more diversified demand base, with newer and emerging categories expected to contribute roughly 50 basis points of comp growth this year, an estimate UBS called probably conservative, along with innovation in TVs. Rising memory and component costs have raised questions about price elasticity, though UBS noted consumers often shop to a budget rather than a specific configuration. Full-year guidance implies an average 1.7% comp decline in the back half, assuming second-quarter comp is in line with UBS's 2.4% forecast.
UBS also flagged marketplace and ads as a growing part of the bull case, embedding 30 basis points of gross margin expansion this year. Clearer commentary on scaling these businesses could boost confidence they can support margins over coming quarters, the bank said.
Best Buy opouští šéfka marketingu Jennie Weber, což podle Jefferies zvyšuje krátkodobé obavy z dalšího přeskupování ve vedení. Analytici zároveň varují před tlakem na poptávku v kategoriích PC a mobilních zařízení kvůli rostoucím nákladům na paměti.
Best Buy Co Inc (NYSE:BBY)'s leadership reshuffle expanded with the unexpected departure of Chief Marketing Officer Jennie Weber, Jefferies analysts have highlighted while reiterating their ‘Hold’ rating on the retailer.
Jefferies maintained its $85 price target on Best Buy, which is currently trading at about $82.
The firm wrote that Weber’s departure came as a surprise given a July 14 company announcement that she would report to incoming CEO Jason Bonfig following a series of leadership role reassignments.
Weber will be replaced by current Chief Creative Officer Marty Senn, who joined Best Buy in January. During her tenure as CMO, Weber oversaw marketing, creative, media, membership and customer insights. Jefferies noted that she relaunched the Best Buy brand in 2024 around a campaign focused on the benefits of technology for consumers.
The firm also highlighted Weber’s role in establishing Geek Squad as a key part of Best Buy’s customer service strategy, revamping the retailer’s rewards points program and developing Best Buy Ads into a retail media network. Jefferies also noted that Weber oversaw the retailer’s in-house creative agency and launched the Best Buy Creator Program, which has grown to more than 2,000 creators.
Jefferies wrote that Bonfig’s incoming leadership could bring a fresh perspective to Best Buy, particularly given his vendor relationships and focus on alternative profit streams such as Best Buy Ads and the company’s third-party marketplace.
The firm also viewed incoming CFO Bramman as a strong replacement for recently departed CFO Bilunas, citing her previous public-company CFO experience in retail and consumer businesses.
However, Jefferies wrote that its concern is the number of leadership roles that have been reassigned over a relatively short period, with changes to the marketing organization now adding to the reshuffling.
Looking ahead, Jefferies wrote that Best Buy Ads and the third-party marketplace could support EBIT margins over the longer term, while replacement cycles in consumer electronics, including televisions, could also provide support.
In the near term, however, the firm sees potential pressure on demand in categories including PCs and mobile devices from rising memory costs, which could contribute to category declines. Jefferies wrote that this could result in a roughly flat comparable sales performance next year, below the Street expectation of more than 1.5% growth, with subsequent SG&A deleverage potentially offsetting gross-margin benefits from alternative profit streams.
Best Buy logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesAug 3 (Reuters) - Best Buy (BBY.N), opens new tab on Monday named Anne Bramman as its new CFO, effective August 19, as the consumer electronics retailer undergoes a leadership transition.
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Bramman takes over from Matt Bilunas; Best Buy announced in June that Bilunas would step down as CFO.
She brings more than 30 years of finance experience and most recently served as chief financial officer of consumer insights and analytics firm Circana.
Bramman is set to join a new executive leadership team under Jason Bonfig, who will succeed current CEO Corie Barry.
Best Buy, which operates more than 1,000 stores across North America, has been working to revive growth by expanding online sales, services and advertising as competition intensifies across the sector.
The company beat analyst expectations for the three months ended May 3, helped by steady demand for AI-powered smartphones and gaming consoles as well as growth in its ads and marketplace channels. It forecast second-quarter sales above Wall Street estimates.
Reporting by Koyena Das in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Best Buy pod novým šéfem Jasonem Bonfigem sází na menší prodejny, aby rozšířil svůj dosah a podpořil dlouhodobý růst. Nové malé formáty mají rozlohu 12 000 až 15 000 čtverečních stop.
Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company.
The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less tech innovation and a slower housing market. In an effort to refresh its products, improve the customer experience and drive more sales, the retailer announced Bonfig will succeed current CEO Corie Barry this fall.
As he prepares to take the helm, Bonfig has said he's focused on four key pillars: advancing Best Buy as a retail and technology company, improving its reach, enhancing the customer experience and focusing on being a human-powered company. Bonfig has also said he's looking into ways to capitalize on the artificial intelligence boom and Best Buy's spot in that next chapter.
This week, Best Buy opened two new stores, one in Jonesboro, Arkansas, and one in Cape Cod, Massachusetts, which Bonfig told CNBC illustrates his strategy as he prioritizes returning the company to long-term and sustainable growth.
"What we're finding is that there are markets that we just can't be in with a traditional size Best Buy store, but they're markets that absolutely make sense for Best Buy from a reach perspective," Bonfig said.
To lean into those markets, the company is opening new small-format stores, ranging from 12,000 to 15,000 square feet, compared to its medium-format stores, which range from 20,000 to 25,000 square feet. Some of its largest stores, including its flagship location in New York City, exceed 40,000 square feet.
The new small stores tap into Bonfig's priority of expanding the company's reach, he said.
"We also know that when we put a store close to a customer, it doesn't just change the customers' behavior in the frequency of the visits of the store … it also changes their behavior digitally as well," Bonfig said.
When Best Buy joins a new, smaller community, he said, the company has found more customers physically go to a store for the first time, but they also use the app and digital channels as well. The Jonesboro store marks Best Buy's return to the town after a tornado destroyed its previous location.
"It's a great example of a vibrant market, a place where customers are interested in our brand, but not a market that could support a 30,000- or 35,000-square-foot store," Bonfig said. "An 18,000-square-foot store allows us to have the best of all of our different categories and meet the needs at that particular location."
The second opening, in Cape Cod, is slightly larger than Best Buy's normal medium-format stores, coming in at 28,000 square feet, but Bonfig said it's another example of finding "the right size store in the right location in the right node."
He added that Best Buy Canada, which can often do things faster than its U.S. counterpart, has been after the small-format store for "an extended period of time" and has seen success with locations as small as 7,000 square feet.
Still, Bonfig emphasized that the small stores are not a replacement for its more typical-format locations.
"It's actually an enhancement of what we're doing today," he said. "But it actually allows us to reach more customers and more markets that we just were not in before."
Trying to turn the pageOver the past five years, Best Buy has seen its stock sink roughly 20% after hitting its peak in late 2021, trading at $138 per share.
For the current fiscal year, Best Buy has said it expects comparable sales in the range of a decline of 1% to an increase of 1%. Though its most recent quarter outperformed Wall Street expectations, it came on the heels of years of declines, like the third fiscal quarter of 2026, when Best Buy reported net income of $140 million, down from $273 million the year prior.
The retailer was also hit by tariffs and is navigating the soaring price of memory chips, which have caused the costs of some consumer electronics to rise.
Bonfig said he attributes Best Buy's recent stagnant performance to a general pull-forward behavior from consumers during Covid that created an unprecedented demand curve that led to a lull. Like home improvement companies, Best Buy saw outsized spending as shoppers were stuck at home and looking to upgrade.
He said Best Buy saw that behavior reset the technology life cycle for a lot of consumers while also forcing vendors to pivot from innovation to production.
"I wouldn't say that Best Buy's lost its momentum," he told CNBC. "I think there's been a very interesting couple years, or maybe more than a couple years, in the market where there was an interesting demand curve where everything was pulled forward."
As he prepares to take the reins of the company, Bonfig said he's focused on improving the customer experience, including upgrading TV selections and working with customers to replace their existing TVs.
Bonfig said he'll define success during his tenure as CEO by the customer response.
He also said the company is leaning into AI for customers and the corporate side of the business, adding that Best Buy is actively investing in new products like Meta's glasses. Best Buy also has an AI tool for customers to use, in addition to partnerships with OpenAI and Google.
"Agentic commerce and commerce through AI platforms is happening today," Bonfig said. "We're seeing traffic there, and we want to make sure that the Best Buy experience is represented."
Still, he added, he expects AI to be an enhancement to the human power behind Best Buy.
And, ultimately, as he looks to step into his new role, Bonfig said he still believes in the core strength of Best Buy despite its recent stagnation.
"Corie had an amazing strategy, and my strategy is built on top of that," Bonfig said. "There is a tremendous amount of momentum."
First Trust Advisors LP raised its stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) by 53.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 905,844 shares of the technology retailer’s stock after buying an additional 314,046 shares during the period. First Trust Advisors LP owned approximately 0.43% of Best Buy worth $58,155,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Best Buy by 99.8% during the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after acquiring an additional 3,496,254 shares in the last quarter. Norges Bank acquired a new stake in shares of Best Buy during the fourth quarter worth $174,685,000. Schroder Investment Management Group lifted its holdings in shares of Best Buy by 378.8% during the fourth quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after purchasing an additional 2,449,342 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Best Buy by 104.1% during the fourth quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after purchasing an additional 1,030,544 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Best Buy by 293.6% in the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after purchasing an additional 785,294 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.
Best Buy Trading Up 1.0% Shares of NYSE:BBY opened at $85.26 on Friday. The firm has a fifty day moving average of $75.59 and a two-hundred day moving average of $68.19. The firm has a market capitalization of $17.97 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. Best Buy Co., Inc. has a 12-month low of $55.10 and a 12-month high of $87.35. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.
Best Buy (NYSE:BBY – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.23 by $0.05. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company posted $1.15 EPS. Best Buy’s revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.
Best Buy Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.96 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.84 dividend on an annualized basis and a yield of 4.5%. Best Buy’s payout ratio is 71.11%.
Analysts Set New Price Targets A number of equities analysts recently weighed in on BBY shares. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Morgan Stanley upped 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. Weiss Ratings upgraded shares of Best Buy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. DA Davidson reissued a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research report on Monday, June 22nd. Finally, Wedbush boosted their price target on shares of Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.50.
View Our Latest Stock Report on BBY
Insider Transactions at Best Buy In other news, Chairman Richard M. Schulze sold 500,350 shares of Best Buy stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the completion of the sale, the chairman directly owned 10,930,586 shares in the company, valued at $832,036,206.32. The trade was a 4.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mathew Watson sold 1,784 shares of Best Buy 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 sale, the chief accounting officer owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,134 shares of company stock worth $77,283,527 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.
About Best Buy (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.
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Best Buy v prvním fiskálním čtvrtletí překonal odhady: tržby dosáhly 8,94 miliardy USD a upravený zisk na akcii vzrostl na 1,28 USD. Srovnatelné tržby stouply o 2 %.
This is a fair market value price provided by Massive. Learn more.
52-Week Range$55.10▼
$84.99Dividend Yield5.10%
P/E Ratio13.95
Price Target$79.50
Best Buy NYSE: BBY is accomplishing what many thought unlikely.
After a pandemic-fueled surge came and went, the company is showing signs of stabilizing sales and online momentum. Rather than another big-box victim, it is focused on improving its margins and expanding its business. And it is maintaining strong profitability despite sluggish consumer electronics demand.
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In fact, the most-recent three month results came in above what most analysts expected. Comparable store sales rose. And management reiterated full-year guidance with enough specifics to suggest the direction had changed.
Investors who had written off the company as too old-fashioned might be surprised by the evidence that arrived. Whether now is the time to jump into the stock depends a lot on what happens next.
Best Buy Delivers Better-Than-Expected ResultsBest Buy’s first fiscal quarter, which ended on May 2, tells a solid story of incremental progress across a number of key pursuits.
Revenue beat expectations and reached $8.94 billion in the quarter, up from $8.77 billion a year earlier, and reversing a fourth-quarter slide during the key holiday season. Adjusted diluted earnings per share climbed to $1.28 from $1.15, also above what analysts expected. Reported net earnings climbed more than one-third to $276 million from $202 million a year earlier.
Comparable sales rose 2%, more than the company had anticipated and in contrast to a drop of 0.7% in the year-ago period. Domestic revenue increased 1.5% to $8.25 billion, with domestic comparable sales up 1.8%.
Operational results were also encouraging. Operating income reached 4.1% of revenue, the company’s domestic gross margin expanded to 23.7% from 23.5%, and adjusted selling, general, and administrative (SG&A) expenses as a share of domestic revenue edged down to 19.3% from 19.4%.
Those were not big changes, but in retail, those fractions of a percentage point matter. Extracting more margin from a little more revenue shows positive direction, even if the headline numbers don’t show a big change.
New Growth Businesses Are Gaining MomentumWhere the growth came from is perhaps more important than the growth itself. The company said its biggest contributors to comparable-sales gains were gaming, computing, mobile phones, and services, categories with momentum. In contrast, sales of consumer electronics slid slightly while appliances fell nearly 14%.
The recent numbers also gave proof that the company’s recent strategy is delivering. Best Buy Ads, which promotes brands and products through Best Buy’s customer base, and the company's online Marketplace, which hosts third-party sellers, also delivered strong performances. For lines of business that barely existed a few years ago, the company is nicely expanding its profile beyond TVs and computers.
Results from the company’s international operations were also encouraging. Revenue in that segment rose 7.3% to $687 million, led by 4.7% sales growth and the rest attributable to favorable foreign exchange rates.
Wall Street Remains CautiousBest Buy is also regaining investor attention. Shares are up more than 16% since the start of the year, but the stock still trades below $80, well under its level above $100 less than two years ago and below its 52-week high near $85.
Even with the recent results, analysts remain cautious. Of the 22 analysts following the company, the average rating is a Hold on the stock. Six analysts say Buy, 14 suggest Hold, and two recommend Sell.
With a 12-month average price target of $79.50 per share, analysts see only limited upside from recent trading levels.
Risks Continue to Limit the UpsideThe recommendation to Hold is also a reflection of other possible factors.
Best Buy Dividend PaymentsDividend Yield5.11%
Annual Dividend$3.84
Dividend Increase Track Record22 Years
Annualized 5-Year Dividend Growth11.55%
Dividend Payout Ratio71.11%
Next Dividend PaymentJul. 9
BBY Dividend History
Best Buy raised its quarterly payout by 1 cent to 96 cents per share in March and paid $202 million in dividends in the first quarter. That represents an over 5% yield based on current prices.
But the company’s guidance for 2027, though solid and suggesting that the improvement is durable, is roughly flat compared to the results reported last year.
The bear case has also not completely disappeared. The retail sector is notoriously volatile. And with the housing market not helping, the decline in appliance sales, which now represents 10% of its business, is not likely to recover anytime soon.
The broader competitive pressure from e-commerce, warehouse clubs, mobile carriers, and direct-to-consumer brands is also as real as it has ever been. Amazon NASDAQ: AMZN, Walmart NASDAQ: WMT, Costco NASDAQ: COST, and Apple NASDAQ: AAPL each compete for the same shoppers.
Another question hanging over the company is some recent changes in senior management. Best Buy changed both its future chief executive officer and its chief financial officer within a short span.
The company has announced that Jason Bonfig, who oversees merchandising, ecommerce, marketing, supply chain, Best Buy Canada, and Best Buy Ads, will succeed Corie Barry as CEO at the end of October. The company’s chief financial officer will also step down at the end of July.
Best Buy's Comeback Still Needs More ProofPatient investors attracted by high dividends and a leading brand retailer are likely paying attention. With execution improving and its expansion of profit pools, Best Buy is making a credible case. Profits are up, and its efficiency strategy appears to be working.
Other investors might want more proof. A leadership transition and a muted sales trajectory make a quick run-up unlikely in the near term. Waiting for results from another quarter or two might be the smart move to ensure the comeback is real.
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Best Buy klesá po oznámení odchodu finančního a strategického šéfa Matta Bilunase na konci července. Firma zároveň čelí opatrným výdajům spotřebitelů a tlaku na marže.
Shares of Best Buy BBY have declined following the announcement that Matt Bilunas, the company's Chief Financial and Strategy Officer, will depart at the end of July. This marks a significant leadership transition as Jason Bonfig is set to take over as CEO on November 1. Investors are concerned about the timing, as the company navigates a leadership change while facing challenges such as cautious consumer spending and margin pressures.
Leadership Setup: Bilunas has been with BBY for 20 years, overseeing finance, strategy, procurement, financial services, real estate, and omnichannel operations. His departure represents a broader change than a typical CFO transition. Transition Risk: Best Buy is engaging an external search firm to find a successor with prior CFO experience. Current CEO Corie Barry, a former CFO herself, will provide financial oversight during the transition if necessary. Operating Momentum: The company's recent performance has shown improvement, with better-than-expected Q1 profitability and eight consecutive quarters of positive computing comparisons. Margin Framework: For FY27, Best Buy anticipates a gross profit rate improvement of about 30 basis points, supported by initiatives like Best Buy Ads and U.S. Marketplace, although core product margins are under pressure from promotional activities. Demand Friction: BBY is encountering a mixed consumer-electronics market, with value-focused shoppers and softness in home theater and appliances, despite some strengths in certain categories. Capital Returns: The company has maintained its quarterly dividend of $0.96 and plans approximately $300 million in share repurchases for FY27, indicating that the leadership transition has not altered its capital-return strategy.The key takeaway is that while BBY's operational plan appears stable, the departure of the CFO adds execution and communication risks during this critical CEO transition. Investors are particularly attentive as the company manages multiple challenges, including a fragile consumer-electronics recovery and uncertainties in component costs and pricing. The transition does not inherently signal operational issues, especially with Barry's oversight and Bonfig's involvement in the company's digital strategy. However, the urgency for a credible successor announcement increases, and positive sentiment may hinge on a swift CFO appointment and continued operational stability.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Best Buy vyplatí čtvrtletní dividendu 0,96 USD na akcii, tedy 3,84 USD ročně, což při ceně 73,10 USD znamená výnos kolem 5 %. Dividenda je podle článku krytá ziskem i volným peněžním tokem.
Consumer electronics giant Best Buy (NYSE: BBY | BBY Price Prediction) just declared a $0.96 quarterly payout, pushing the annualized dividend to $3.84 per share. At a recent price of $73.10, that is a yield of roughly 5.0%, well north of the 4.43% 10-year Treasury. With Kevin Warsh signaling a more hawkish Fed posture and retiree portfolios bracing for volatility, the question I want to answer is simple: how safe is this dividend?
Dividend Snapshot Metric Value Annual Dividend $3.84 per share Dividend Yield ~5.0% Most Recent Increase 1% (March 2026) Years Paid Without Cut 20+ years Dividend Aristocrat/King No Payout Ratios Leave Real Breathing Room Best Buy generated $1.258 billion in free cash flow on $1.962 billion of operating cash flow in FY26, against roughly $820 million in dividends paid. FY26 adjusted EPS of $6.43 easily covers the $3.84 payout.
Metric TTM Assessment Earnings Payout Ratio ~60% Healthy FCF Payout Ratio ~65% Healthy OCF Coverage ~2.4x Strong FY27 guidance of $6.30 to $6.60 in adjusted EPS keeps that earnings payout ratio firmly under 65% even at the low end.
The Balance Sheet Backs the Check Metric Value Assessment Cash on Hand $1.749B Solid Buffer Shareholders’ Equity $3.083B Stable EV/EBITDA 8x Conservative Cash alone covers more than two years of dividends. With EBITDA of $2.618 billion, leverage is manageable, and management is still funding ~$300 million in FY27 buybacks on top of the dividend.
A Streak That Survived COVID Year Annual Dividend 2026 $3.84 2025 $3.80 2024 $3.76 2023 $3.68 2022 $3.52 Best Buy never cut during the pandemic and the five-year dividend CAGR runs around 6.5%. The most recent 1% bump is modest, signaling caution but not stress.
Management Is Funding the Dividend Through a CEO Handoff CEO Corie Barry, who hands the reins to Jason Bonfig on November 1, 2026, said on the Q1 FY27 call: “We also drove operating income rate expansion and EPS growth.” The board approved the raise alongside the buyback plan, which tells me capital return remains a priority through the transition.
The Verdict: Safe Dividend Safety Rating: Safe. A ~60% earnings payout, ~65% FCF payout, $1.7 billion in cash, and an unbroken 20-year payment record give me confidence. The dividend looks well-supported for income-focused investors who expect computing and gaming refresh cycles to keep comparable sales positive. The risk profile worsens if consumer sentiment (49.8) keeps sliding and appliance weakness deepens. For now, the 5% yield looks well earned.
Jefferies vidí Best Buy pod novým CEO Jasonem Bonfigem v nové růstové fázi díky obnovovacím cyklům, inovacím produktů a silnějším kategoriím. Jako tahouny zmiňuje RGB TV, retail media a růst marketplace.
Best Buy Co Inc (NYSE:BBY) is positioned for a new phase of growth under incoming CEO Jason Bonfig, according to Jefferies analysts, who said that recent discussions with the executive left them increasingly confident in the company’s outlook amid shifting dynamics in consumer electronics.
Jefferies sees a supportive backdrop for the retailer as replacement cycles, product innovation and category complexity converge, creating what it describes as an opportunity for higher industry growth and above-average expansion for Best Buy.
The firm highlighted potential upside drivers, including retail media, third-party marketplace growth, TV replacement demand, and share gains in appliances.
Jefferies pointed to Bonfig’s long-standing relationships with key vendors as a strategic advantage, particularly in the context of ongoing supply chain constraints such as memory chip shortages.
The analysts also highlighted his role in securing Best Buy’s early exclusivity around RGB televisions, citing it as evidence of his ability to commercialize emerging technology trends.
According to Jefferies, the launch of RGB TVs is expected imminently, with employee training completed and a broad marketing campaign set to begin later this month. The rollout will include bundled services such as delivery, installation and haul-away, which the firm said reflects a deliberate effort to target consumers who may not yet have an urgent replacement need.
On Best Buy’s advertising business, Jefferies said recent technology investments could enable more flexible and scalable campaign formats, including multiple simultaneous store “takeover” campaigns across different geographies and customer segments. The firm described this as a potential acceleration point for what is already a high-margin revenue stream.
Jefferies also compared Best Buy’s positioning in the current AI cycle to the early days of Wi-Fi adoption, arguing that new technology waves tend to benefit the retailer as consumers rely on in-store expertise to navigate complex product shifts.
In appliances, the note highlighted a strategy focused on delivery speed and fulfillment optimization, including expanded rural inventory positioning and later cutoffs for next-day delivery in urban markets. Jefferies wrote that these changes could help capture incremental demand from time-sensitive purchases.
The firm added that Best Buy’s third-party marketplace expansion is expected to scale faster in the US than it did in Canada, where Bonfig previously led similar efforts.
Jefferies concluded that Best Buy is well positioned in an “agentic commerce” environment, where automated shopping tools may increase price transparency but also surface fulfillment and service advantages such as rapid delivery and installation—areas where the retailer maintains structural strengths.
Best Buy shares traded hands at about $74 on Tuesday, up almost 11% in the year to date.
