Best Buy (BBY) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Best Buy (NYSE: BBY):

• 8/5/2026 – Best Buy was downgraded by Jefferies Financial Group Inc. from “buy” to “hold”.
• 8/4/2026 – Best Buy had its price target raised by Telsey Advisory Group from $90.00 to $95.00. They now have an “outperform” rating on the stock.
• 8/3/2026 – Best Buy is now covered by Bank of America Corporation. They set an “underperform” rating and a $80.00 price target on the stock.
• 7/29/2026 – Best Buy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 7/20/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/13/2026 – Best Buy was downgraded by Loop Capital from “buy” to “hold”. They now have a $82.00 price target on the stock.
• 7/12/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 7/4/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/24/2026 – Best Buy had its price target lowered by Loop Capital from $85.00 to $82.00. They now have a “buy” rating on the stock.
• 6/22/2026 – Best Buy had its “sector weight” rating reaffirmed by KeyCorp.
• 6/22/2026 – Best Buy had its “buy” rating reaffirmed by DA Davidson. They now have a $90.00 price target on the stock.
• 6/20/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/11/2026 – Best Buy was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, June 18th. Best Buy’s dividend payout ratio is 71.11%.

Insider Buying and Selling

In other Best Buy news, Chairman Richard M. Schulze sold 500,350 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $76.12, for a total value of $38,086,642.00. Following the transaction, the chairman directly owned 10,930,586 shares in the company, valued at approximately $832,036,206.32. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mathew Watson sold 1,784 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $73.80, for a total transaction of $131,659.20. Following the sale, the chief accounting officer directly owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. The trade was a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,002,134 shares of company stock worth $77,283,527. 0.50% of the stock is currently owned by insiders.

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.