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BEST BUY CO INC

Best Buy Co

With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este jueves: BBY, HRL, NVDA, DELL y COST.

5 acciones en el foco este jueves: BBY, HRL, NVDA, DELL y COST

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Las acciones del S&amp;P 500 y Nasdaq caen mientras Nvidia y Tesla sufren pérdidas. Descubre qué está impulsando la volatilidad del mercado.

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Wall Street anticipa ganancias de Target, AutoZone y Best Buy, mientras que las acciones de Dave y Ross Stores se mueven en preapertura.

Acciones en el foco este martes: Target (TGT), AutoZone (AZO), Dave (DAVE), Best Buy (BBY) y Ross Stores (ROST)

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Amazon&#8217;s 11th Prime Day event will commence on July 8 and run for four days, concluding on July 11. This marks a significant expansion, doubling the duration of last year&#8217;s two-day event. As in previous years, early access promotions will be available.
Prime Day 2025 will span 26 countries, with six additional markets, including Brazil, Egypt, India, Mexico, Saudi Arabia, and the United Arab Emirates, holding their events later in the summer to optimize timing. 
Bank of America Securities analyst Justin Post <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings" target="_blank" rel="noreferrer noopener">maintained a Buy</a> rating on Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a price forecast of $248 on Tuesday.
The analyst said the event offers millions of deals on 35+ categories spanning electronics, fashion, and personal care, as well as savings on Amazon&#8217;s less penetrated categories like grocery, gasoline, and travel.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45982631/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce" rel="noreferrer noopener">Amazon CEO Says Generative AI Will Reduce Total Corporate Workforce</a>
Amazon positioned AI as a key savings tool in its latest Prime release, aligning with Post&#8217;s view that AI boosts retail efficiency and transparency.
Post said U.S. shoppers can now use Alexa+ to track price drops, get personalized deals, and receive AI-powered recommendations via Rufus and Shopping Guides.
The analyst predicts that Prime Day will extend twice as long this year and will, therefore, impact year-over-year (Y/Y) trends.
For the 4-day event, he projected 55% Y/Y first-party growth to $11.5 billion and 67% Y/Y third-party growth to $10.0 billion. Post estimated Prime Day could generate $21.4 billion in Gross Merchandise Value (GMV), growing approximately 60% Y/Y.
The analyst&#8217;s estimate implied $5.4 billion in GMV daily, down 20% Y/Y, which is reasonable given less urgency around each day.
Based on his projection for $208 billion in total third-quarter GMV, he estimated Prime Day(s) could represent 10.3% of GMV for the quarter (higher than 7.0% last year).
Despite competition from retailers like Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), Post expects the event to remain a positive driver for Amazon branding and Prime sign-up/retention.
Extending the savings window suggests that Amazon has greater retail logistics capacity to offer promotions, and that inventory availability is not a constraint, despite tariff concerns, as per the analyst.
Price Action:&nbsp;AMZN stock is down 0.28% at $218.76 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46149318/microsofts-next-gen-ai-chip-still-lags-nvidias-blackwell-postpones-launch" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s Next-Gen AI Chip Still Lags Nvidia&#8217;s Blackwell, Postpones Launch</a></li>
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Amazon's AI-Powered 4-Day Prime Day Will Drive Billions In Sales

<h2 class="wp-block-heading">New On The Block</h2>
Bahama Breeze may soon be <a href="https://www.benzinga.com/general/restaurants">gone with the wind</a>. 
Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is considering selling the Caribbean-inspired chain or repurposing all its locations.
The decision comes after Darden closed 15 Bahama Breeze restaurants in May, leaving just 28. Guru Focus <a href="https://www.gurufocus.com/news/2938406/darden-to-explore-strategic-alternatives-for-bahama-breeze-chain?r=caf6fe0e0db70d936033da5461e60141">reported</a> that CEO Rick Cardenas told analysts that future investments in the brand are off the table.
Initially launched in the 1990s, Bahama Breeze served up tropical vibes with dining options like coconut shrimp and empanadas. However, after a strategic review, Darden decided it was time to focus on other properties, such as the never-ending-pasta-bowl innovator Olive Garden.
<h2 class="wp-block-heading">Updates From The Block</h2>
Businessman Mark Walter has agreed to acquire a majority stake in the NBA's Los Angeles Lakers from the Buss Family Trust. Jeanie Buss will continue to oversee team operations. Walter, already a minority owner, also leads TWG Global, which holds stakes in several sports properties.
The Buss family has owned the Lakers since 1979, overseeing 11 NBA championships and shaping one of the most recognized franchises in global sports. The team has featured iconic players such as Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, Shaquille O'Neal and LeBron James.
The deal is expected to close in late 2025, pending NBA approval and other standard conditions.
Guggenheim Securities is advising Walter, with legal support from Davis Polk &amp; Wardwell LLP. ArentFox Schiff LLP represents the Lakers and the Buss Family Trust.
More Updates:
<ul class="wp-block-list">
<li>Recall in 2021 how Best Buy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) acquired remote care management platform Current Health. It&#8217;s now selling it <a href="https://www.linkedin.com/feed/update/urn:li:activity:7343300338491305984/">back</a> to co-founder Christopher McGhee for $400 million.</li>
<li>Maserati isn&#8217;t for sale. That&#8217;s according to Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the owner, which <a href="https://www.reuters.com/business/autos-transportation/jeep-maker-stellantis-weighs-sale-among-options-maserati-sources-say-2025-06-20/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axioscloser&amp;stream=top">responded</a> to a Reuters report.</li>
<li>U.S. antitrust regulators approved Mars&#8216; proposed $35.9 billion purchase of snackmaker Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>). In Europe, however, antitrust <a href="https://www.benzinga.com/m-a/25/06/46113916/mars-just-got-the-green-light-for-its-36b-deal-but-europe-might-blow-it-up">regulators are investigating the deal</a>.</li>
<li>New Zealand-based accounting software firm Xero will acquire U.S. bill-pay platform Melio for an initial $2.5 billion, according <a href="https://www.wsj.com/business/deals/xero-to-buy-melio-for-initial-2-5-billion-in-u-s-growth-play-eb0d46af?mod=deals_news_article_pos2">to</a> the Wall Street Journal. Melio shareholders, including Accel and Thrive Capital, will receive $360 million in Xero shares. Xero, which reported approximately $1.26 billion in revenue for its last fiscal year, stated that revenue could double over the next three years, excluding anticipated synergies. Melio CEO Matan Bar will lead Xero's U.S. business post-acquisition.</li>
<li>Bank of New York Mellon placed an offer for Chicago-based Northern Trust, which has a market value of more than $21 billion. The Trump administration has <a href="https://www.reuters.com/markets/deals/big-bank-deals-stalled-by-trump-volatility-even-officials-signal-deregulation-2025-03-14/">signaled</a> a greater willingness to approve large banking deals, but few have been completed.</li>
<li>Woody Johnson is the latest rich American to buy a different football club. The billionaire agreed to pay just $215 million for a &#8220;significant&#8221; stake in Premier League club Crystal Palace, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-06-23/ny-jets-owner-woody-johnson-agrees-deal-for-crystal-palace-stake?sref=TBDibEcD">reports</a>. On the sell side is John Textor. Let&#8217;s hope Crystal Palace has better luck than the New York Jets, which has been under the miserable ownership of Johnson since January 2000.</li>
<li>Unilever signed an agreement to acquire personal care brand Dr. Squatch from growth equity firm Summit Partners. The price tag was not disclosed, but Women&#8217;s Wear Daily <a href="https://wwd.com/beauty-industry-news/skin-care/unilever-personal-care-acquisition-dr-squatch-1237941602/">reported</a> that the company&#8217;s sales exceeded $400 million.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul class="wp-block-list">
<li>The NBA&#8217;s board of governors approved the $1.5 billion sale of the Minnesota Timberwolves and WNBA's Minnesota Lynx from longtime owner Glen Taylor to an investment group led by entrepreneur Marc Lore and former MLB star Alex Rodriguez. The unanimous vote concludes a four-year back-and-forth process that included arbitration after Taylor attempted to cancel the deal earlier this year. Taylor, who bought the Timberwolves in 1994 to prevent a relocation to New Orleans, leaves after 31 years with the team. Lore and Rodriguez pledged to keep the teams in Minnesota.</li>
</ul>
<ul class="wp-block-list">
<li>Parkland (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PKI#TSX">PKI</a>), a Canadian fuel distributor, confirmed that shareholders voted in favor of a $9.1 billion takeover by Sunoco (YSE: SUN). The deal will form America&#8217;s largest independent fuel distributor.</li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul class="wp-block-list">
<li>You can still place bids on assets owned by Monster and CareerBuilder. The two online job search websites, which merged last year, <a href="https://www.wsj.com/articles/careerbuilder-monster-to-sell-businesses-in-bankruptcy-9daa38dd">filed</a> for Chapter 11 bankruptcy. So far, JobGet is looking to buy at least one asset. Canada-based Valsoft Corporation and Canadian media firm Valnet are keen on acquiring others, including Military.com, which Monster bought in 2004 for $39.5 million. Tough competition is to blame for the restructuring, says CEO Jeff Furman, citing Indeed, LinkedIn, and Glassdoor. Private equity firm Apollo Global Management holds a minority stake in the company.</li>
</ul>
<a href="https://www.benzinga.com/m-a/25/06/46038749/deal-dispatch-boston-red-sox-owner-sets-sights-on-la-liga-club-at-home-files-for-bankruptcy">For last week&#8217;s edition of Deal Dispatch, click here</a>. 
Now Read:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46125266/thank-you-elon-musks-longtime-aide-reportedly-fired-days-after-public-praise">&#8216;Thank You, Elon:&#8217; Musk&#8217;s Longtime Aide Reportedly Fired Days After Public Praise</a></li>
</ul>
Image: Edited by Benzinga using Shutterstock

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Deal Dispatch: Darden Cools On Bahama Breeze, NBA M&A Heats Up

<a href="https://www.bloomberg.com/news/articles/2025-06-24/best-buy-divests-home-care-unit-bought-for-400-million-in-2021?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-06-24/best-buy-divests-home-care-unit-bought-for-400-million-in-2021?embedded-checkout=true</a>

General

'Best Buy Divests Home Care Unit Bought for $400 Million in 2021'- Bloomberg

We have discussed why I favor real estate and Real Estate Investment Trusts. Since 1972, REITs have outperformed the major indexes. According to CEM Benchmarking, publicly traded real estate has outperformed every asset class except private equity since 1998. REITs have an excellent track record of paying and growing dividends.
Most people would rather chase stories than be the landlord and lender. I know far more wealthy lenders and landlords than I do rich dreamers.
Right now, most investors either hate real estate or simply do not think about it. The instant experts of the internet are convinced that real estate is heading to zero and will crash the banking system. They believe only bitcoin and AI stocks are worth buying. That is not going to happen.
Make your own call on bitcoin and AI. But consider this: who needs real estate?
Bitcoin and AI companies and their employees do. They need office space. They live somewhere. They shop at stores, pharmacies, and frequent gas stations and convenience stores. They visit doctors and labs. They travel to conferences usually held in hotels.
Those that actually manufacture products will eventually need warehouse and logistics space. Bitcoin miners need physical locations to house all those computers.
The majority of high-tech startups are going nowhere, but the people involved will still interact with real estate and make landlords wealthy regardless of how their ventures turn out.
I am not the only one who likes real estate at current prices.
&nbsp;I am seeing insiders who run these REITs (people who know the market better than anyone) begin making open market purchases of their own stocks.
John Rakolta Jr. is Chairman of Walbridge, one of the largest privately owned construction companies in the United States. Walbridge is a top U.S. builder of automotive and manufacturing facilities and has achieved considerable market diversity through expansion into the hyperscale data center market. He is also a Director of Agree Realty and has been aggressively buying shares in the open market recently.
While the instant experts of the internet scream &#8220;retail apocalypse&#8221; and predict the death of brick-and-mortar stores, Agree Realty (Ticker: ADC) has not only survived but thrived by completely rewriting the playbook. Agree Realty represents everything I look for in a long-term holding: contrarian thinking, exceptional management, fortress-like financials, and a business model that generates predictable cash flows in an unpredictable world.
In 2010, while everyone was fleeing retail real estate like it was radioactive, Agree Realty management team made a prescient decision that would define the company future. They launched their acquisition platform with a laser focus on &#8220;e-commerce resistance,&#8221; a concept largely ignored by the investment community at the time.
Consider that timing. This was just two years after the financial crisis, with Amazon retail dominance becoming increasingly apparent and traditional retailers closing stores left and right. Most investors and REITs were fleeing the sector. But Joey Agree and his team saw something different. They understood that certain types of retail were not going to disappear. They were going to evolve and become more essential than ever.
This was not just lucky timing. It marked the beginning of what would become one of the most successful strategic repositioning stories in REIT history.
Agree management articulated something Wall Street was missing: the emergence of the omni-channel economy. As Joey Agree explained in 2016, &#8220;Every retailer in the country is going to have to have billions of dollars, national retailers, to experiment, to test and eventually effectuate a true omni-channel experience because you cannot be an e-commerce-based retailer or just a brick-and-mortar-based retailer today. It does not work.&#8221;
This was not corporate speak. It was a fundamental insight that would prove prophetic. While others saw physical stores as dinosaurs, Agree saw them as critical infrastructure for the new retail economy. Stores were not just selling locations anymore; they were fulfillment centers, pickup points, showrooms, and customer experience hubs all rolled into one.
The company &#8220;RETHINK RETAIL&#8221; campaign was not marketing fluff. It was a declaration of war against conventional wisdom.
Let me walk you through some of Agree greatest hits, because this is where the company investment acumen really shines:
Tractor Supply Company (Ticker: TSCO) &#8211; Agree first acquired a Tractor Supply location in Q3 2013 when the company was still relatively unknown outside rural markets. Management saw something special: a retailer with no national competition serving the growing rural lifestyle market with products that could not easily be replicated online.
By Q2 2016, management was saying: &#8220;While neither Tractor Supply Company nor Hobby Lobby maintains a public credit rating, both possess investment-grade quality financials with very strong balance sheets.&#8221; They were ahead of the rating agencies by years.
By Q3 2018, their conviction was proven right: &#8220;We have a fantastic relationship with their real estate team. The business is really thriving. They have no national competition. They also have the highest-rated e-commerce website of any retailer.&#8221;
Today, after acquiring over 115 locations since 2013, Tractor Supply is Agree second-largest tenant at 4.9% of base rent. More importantly, TSCO was upgraded to investment grade (BBB by S&amp;P and Baa1 by Moody) in October 2020, validating Agree early assessment of the company credit quality.
Gerber Collision In 2014, Agree identified and met with The Boyd Group, parent company of Gerber Collision, recognizing early that this was a company positioned to consolidate a highly fragmented auto collision repair market. Their first acquisition came in Q3 2017.
By Q1 2018, management was already calling Gerber &#8220;the premier auto collision operator in the United States&#8221; and committed to working with them across all three growth platforms. By Q1 2022, they were describing their strategy as &#8220;identifying early on a retailer that we thought was in a tremendous position to access a fragmented space and had the balance sheet capabilities to do so.&#8221;
The result? Agree built a preferred development relationship with Gerber, developing over 20 locations to support their organic growth. Today, Gerber Collision is their 12th largest tenant with over 95 locations representing 2.3% of base rent.
Sunbelt Rentals First acquired in Q4 2015, Sunbelt Rentals represented Agree&#8217;s bet on the shift from equipment ownership to rental in the construction industry. As management explained in Q4 2019: &#8220;the only investment-grade operator in the country. If you look at the equipment ownership versus rental in this country&#8230; it is very, very low relative to Western Europe. And so, there&#8217;s a big opportunity in this country for equipment rental rather than ownership.&#8221;
The parent company, Ashtead Group, achieved investment grade ratings (BBB- by S&amp;P in August 2018, Baa3 by Moody), and by Q1 2022, management noted that &#8220;Our decision to invest in Sunbelt Rentals was recently reinforced by their upgraded BBB rating by Fitch.&#8221;
Sunbelt is now Agree 13th largest tenant with over 55 locations, representing 2.3% of base rent.
TJX Companies (Ticker: TJX) Agree relationship with TJX (parent of T.J. Maxx, Marshalls, and HomeGoods) dates back to 2012 when they developed their first T.J. Maxx. The company recognized early that off-price retailers had a sustainable competitive advantage in their treasure-hunt shopping experience and deep vendor relationships.
The insight proved prescient. As management noted in Q2 2017: &#8220;At the same time, in terms of women&#8217;s apparel, you look at T.J. Maxx&#8230;the off-price retailers have thrived.&#8221; By Q4 2017, they were saying: &#8220;the TJX Companies&#8230;is now our #5 tenant. We have a strong bias towards off-price retail and the experience and value proposition that it provides for consumers.&#8221;
Today, TJX is their 6th largest tenant at 3.1% of base rent, and the company continues to expand aggressively. Since 2012, Agree has acquired or developed over 55 TJX locations.
Let me give you a comprehensive look at Agree top tenants, because this portfolio tells the story of a company that has systematically assembled the cream of American retail:
Top 15 Tenants by Annualized Base Rent:
<ol start="1" class="wp-block-list">
<li>Walmart (Ticker: WMT) (5.9%, $38.5M ABR) &#8211; The undisputed king of retail, with the most advanced omni-channel operation in the world. Investment grade (AA from multiple agencies).</li>
<li>Tractor Supply (Ticker: TSCO) (4.9%, $31.8M ABR) &#8211; Dominant rural lifestyle retailer with no national competition. Upgraded to investment grade in 2020 (BBB/Baa1).</li>
<li>Dollar General (Ticker: DG) (4.4%, $28.4M ABR) &#8211; Leading small-box discount retailer serving rural and urban markets where traditional retailers can&#8217;t compete economically. Investment grade (BBB/Baa2).</li>
<li>Best Buy (Ticker: BBY) (3.3%, $21.7M ABR) &#8211; The last major electronics retailer standing, with a successful omni-channel model and services business. Investment grade (BBB/Baa1).</li>
<li>Kroger (Ticker: KR) (3.2%, $20.5M ABR) &#8211; One of America&#8217;s largest supermarket chains with advanced digital capabilities and strong market positions. Investment grade (BBB-/Baa1).</li>
<li>TJX Companies (Ticker: TJX) (3.1%, $20.0M ABR) &#8211; Off-price retail leader with T.J. Maxx, Marshalls, and HomeGoods. Investment grade (A-/A2).</li>
<li>CVS Pharmacy(Ticker: CVS) (3.1%, $19.9M ABR) &#8211; Healthcare-focused pharmacy chain with integrated health services. Investment grade (BBB/Baa2).</li>
<li>Dollar Tree (Ticker: DLTR) (2.8%, $18.3M ABR) &#8211; Fixed-price point retailer with defensive characteristics. Investment grade (BB+/Ba1 &#8211; sub-investment grade but improving).</li>
<li>O&#8217;Reilly Auto Parts (Ticker: ORLY) (2.8%, $18.3M ABR) &#8211; Leading automotive aftermarket parts retailer with strong same-store sales growth and e-commerce resistance. Investment grade (BBB+/Baa1).</li>
<li>Hobby Lobby (2.8%, $18.2M ABR) &#8211; Dominant craft retailer with no direct national competition and products difficult to replicate online. Privately held but with investment-grade quality financials.</li>
<li>Lowe&#8217;s (Ticker: LOW) (2.8%, $17.9M ABR) &#8211; Second-largest home improvement retailer with strong omni-channel capabilities. Investment grade (BBB/Baa2).</li>
<li>Gerber Collision (2.3%, $15.2M ABR) &#8211; Leading auto collision repair chain owned by Boyd Group. Investment grade parent (BBB-/Baa3).</li>
<li>Sunbelt Rentals (2.3%, $15.0M ABR) &#8211; Equipment rental leader owned by Ashtead Group. Investment grade parent (BBB/Baa3).</li>
<li>7-Eleven (2.2%, $14.2M ABR) &#8211; Convenience store leader with defensive location characteristics. Investment grade parent.</li>
<li>Burlington (Ticker: BURL) (2.2%, $14.0M ABR) &#8211; Off-price apparel retailer with strong growth trajectory. Sub-investment grade but improving credit profile.</li>
</ol>
What strikes me about this list is the intentionality behind every single tenant. These are not random retail relationships. They are carefully curated partnerships with companies that have either achieved market dominance, possess unique competitive advantages, or operate in sectors with natural barriers to e-commerce disruption.
Perhaps most impressive is the credit quality: 68.3% of Agree base rent comes from investment-grade tenants. This is not an accident. It is the result of a deliberate strategy to partner with retailers that have strong balance sheets and sustainable business models.
The tenant mix also reveals smart sector allocation:
<ul class="wp-block-list">
<li>Grocery Stores (10.1%): Essential, frequent-visit retailers with omni-channel capabilities</li>
<li>Home Improvement (9.1%): Large-ticket items requiring customer inspection and immediate fulfillment</li>
<li>Convenience Stores (7.8%): Location-dependent businesses with defensive characteristics</li>
<li>Tire &amp; Auto Service (7.8%): Services that require physical presence and specialized equipment</li>
<li>Dollar Stores (7.0%): Serving markets too small for traditional competitors</li>
</ul>
I want to spend a moment on Walmart specifically, because at 5.9% of base rent, they are Agree largest tenant, and this relationship exemplifies everything the company does right.
Walmart is not just surviving the retail apocalypse. They are winning it. The company has built the most sophisticated omni-channel operation in retail, with stores serving as fulfillment centers, pickup locations, and last-mile delivery hubs. Their e-commerce growth has been explosive, but rather than cannibalizing store sales, it is making their physical locations more valuable than ever.
For Agree, Walmart represents the perfect tenant: investment grade credit (AA rating), growing business model, and a real estate strategy that aligns perfectly with the omni-channel future. These are not legacy stores that might become obsolete. They are critical infrastructure for Walmart continued growth.
While the tenant quality is impressive, what really captures my attention is Agree&#8217;s balance sheet. This is what a fortress looks like:
<ul class="wp-block-list">
<li>Investment grade ratings: Baa1 from Moody&#8217;s, BBB+ from S&amp;P</li>
<li>Net debt to recurring EBITDA: 4.9x actual, 3.4x proforma (including forward equity)</li>
<li>Fixed charge coverage ratio: 4.3x</li>
<li>No material debt maturities until 2028</li>
<li>Total liquidity: approximately $2.6 billion</li>
<li>Outstanding forward equity: over $1.3 billion</li>
<li>Revolver capacity: $1.2 billion</li>
</ul>
This gives them tremendous flexibility to take advantage of market dislocations.
With their fortress balance sheet and $2.6 billion in liquidity, Agree is positioned for accelerated growth. Management recently raised their 2025 investment guidance to $1.3-$1.5 billion (up from $1.1-$1.3 billion), reflecting confidence in their ability to find attractive opportunities.
The investment pipeline is enormous: management estimates over 169,000 net lease opportunities across their target sectors, with $92+ billion in opportunities reviewed since 2018. They have been highly selective, investing only $8.0 billion over that period, demonstrating disciplined capital allocation.
In a world where dividend cuts have become commonplace, Agree has paid 159 consecutive monthly dividends with an average AFFO payout ratio of just 75% over the past ten years. The dividend has grown at approximately 6% annually over the past decade, reaching $2.99 per share in 2024.
This is not a yield play built on an unsustainable payout ratio. It is a genuine dividend growth story backed by growing cash flows and conservative financial management.
Here is what I find most compelling about Agree Realty: they have built a dominant position in a sector that most investors still view with skepticism. This creates a sustained competitive advantage. While others avoid retail real estate, Agree gets first look at the best opportunities.
The &#8220;retail apocalypse&#8221; narrative has created a two-tiered market where strong retailers with good real estate get phenomenal terms, while struggling concepts cannot secure financing at any price. Agree benefits from both sides of this dynamic: they get attractive pricing on quality assets while weak competitors are eliminated from their markets.
In a market obsessed with the next shiny object, Agree Realty has quietly built one of the highest-quality REIT portfolios in the market by betting on American retail evolution rather than its demise. They have assembled a collection of retailers that are not just surviving the omni-channel transition. They are thriving because of it.
While others were running from retail real estate, Agree was building relationships with the winners. While others were chasing yield at any cost, Agree was building a sustainable dividend growth engine. While others were leveraging up in good times, Agree was building a fortress balance sheet for all seasons.
This is the kind of contrarian, quality-focused investment that can anchor a portfolio for decades. In a world of uncertainty, Agree Realty offers something increasingly rare: predictable, growing cash flows backed by essential real estate infrastructure and managed by a team with a &#x2A;proven track record of outstanding capital allocation.
Sometimes the best investments are hiding in plain sight, dismissed by the crowd but quietly compounding wealth for those patient enough to see past the headlines.
The insiders in real estate see the opportunity.
You should as well.

Opinion

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ORLY

TSCO

Alpha Buying: How This Company Quietly Took Over American Storefronts

The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) shares are trading lower on Thursday after <a href="https://www.benzinga.com/pressreleases/25/06/g45900518/the-lovesac-company-reports-first-quarter-fiscal-2026-financial-results" target="_blank" rel="noreferrer noopener">reporting first-quarter results</a>.
The furniture retailer reported a loss of 73 cents per share, beating <a href="https://www.benzinga.com/earnings">the Street view of 83 cents loss</a>.
Quarterly sales of $138.37 million (+4.3% year over year) outpaced the analyst consensus estimate of $137 million. This growth was primarily driven by an 18.2% increase in showroom sales, offsetting an 8.9% decline in internet sales.
Also Read:<a target="_blank" href="https://www.benzinga.com/real-estate/25/06/45879650/americans-have-over-34t-in-wealth-trapped-in-home-equity-and-wall-street-is-trying-to-get-its-hands-on-as-much-of-it-as-possible" rel="noreferrer noopener"> Americans Have Over $34T In Wealth Trapped In Home Equity — And Wall Street Is Trying To Get Its Hands On As Much Of It As Possible</a>
Gross profit increased 3.2% year over year to $74.4 million. Gross margin declined by 60 basis points to 53.7% of net sales in first quarter of fiscal year 2026, compared to 54.3% in the same period last year. 
The drop was mainly due to a 230-basis-point decrease in product margin from increased promotional discounting, partially offset by lower inbound and outbound logistics costs.
The cash and equivalents balance as of May&nbsp;4, was $26.9 million as compared to $72.4 million as of May&nbsp;5, 2024.
Total merchandise inventory was $124.9 million as of May&nbsp;4, 2025 as compared to $94.7 million as of May&nbsp;5, 2024 primarily related to a planned stock inventory increase of $25.9 million coupled with an increase in freight capitalization of $5.1 million.
The company opened 11 new showrooms and closed 1, resulting in a total of 267 showrooms as of May 4, 2025.
The company also announced it has discontinued <a href="https://www.sec.gov/Archives/edgar/data/1701758/000162828025030861/love-20250504.htm" target="_blank" rel="noreferrer noopener">its</a> partnership with Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and plans to wind down the Best Buy shop-in-shop locations by the third quarter of fiscal 2026, aligning with its strategic initiative to accelerate its physical and ecommerce presence.
The company stated that broad macroeconomic challenges, such as inflation, high interest rates, increased tariff and trade restrictions, and a weak housing market, are negatively impacting its business. These factors have led to a slowdown in consumer demand for its products, a trend that the company warns may continue.
Lovesac expects second-quarter GAAP EPS loss between 83 cents and 58 cents, higher than the 26 cents loss estimate. Revenue guidance stands at $157 million–$166 million, compared to the $161.67 million consensus.
The company projects adjusted EBITDA&nbsp;loss in the range of $2 million to $7 million. Net loss is expected to be in the range of $8 million to $12 million.
For fiscal year 2026, the company projects adjusted EBITDA in the range of $48 million to $60 million. Lovesac reaffirms GAAP EPS guidance of $0.80–$1.36 vs. $1.03 estimate.
It also maintains sales outlook of $700 million–$750 million, in line with the $710.71 million consensus. Net income is expected to be in the range of $13 million to $22 million.
Price Action: LOVE shares are trading lower by 12.3% to $17.98&nbsp;at last check Thursday.
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Photo via Shutterstock

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LOVE

Furniture Retailer Lovesac Ends Best Buy Partnership, Issues Weak Forecast

Best Buy
On June 11, 2025, The Lovesac Company (the "Company") informed its employees that the Company approved a plan that would reduce operating costs and continue to advance the Company's ongoing commitment to profitability. According to this plan, the Company has discontinued its partnership with Best Buy and intends to wind down the Best Buy shop-in-shop locations (the "Exit"). This decision was made to align with the Company's broader strategic initiative of acceleration of the Company's physical and ecommerce presence. The Exit would result in a reduction of the Company's workforce by approximately 8%, consisting of certain employees that serviced the Best Buy shop-in-shop locations subject to local law and the Company's business needs. The Exit, including the closure of the Best Buy shop-in-shops and the resulting reduction in workforce, is expected to be substantially completed by the third quarter of fiscal 2026. The Company expects to incur costs in the range of $1.7&nbsp;million to $2.1&nbsp;million in connection with the Exit and reduction in workforce, which consists of non-cash impairment charges, severance and other one-time employee termination benefit expenses, and decommissioning of the Best Buy shop-in-shop locations, which the Company expects to recognize primarily in the third quarter of fiscal year 2026.
 &nbsp;
The foregoing estimated costs that the Company expects to incur in connection with the Exit are contingent upon a number of assumptions, and actual results may differ from these estimates. The Company may also incur additional costs not currently contemplated due to events that may occur as a result of, or that are associated with, the Exit.
 &nbsp;

Contracts

Management

The Lovesac Company To Exit Best Buy Shop-In-Shop Partnership, Reducing Workforce By 8% And Incurring $1.7M-$2.1M In Costs; Completion Expected By Q3 Fiscal 2026

A mix of bullish catalysts is poised to lift investor sentiment Wednesday, as President Donald Trump confirmed a China trade deal and fresh inflation data came in softer <a href="https://www.benzinga.com/markets/economic-data/25/06/45881899/inflation-resumes-climb-in-may-but-tariffs-have-yet-to-hit-consumers">than expected for May.</a>
Trump declared a sweeping new trade agreement with China via Truth Social following two days of negotiations in London, suggesting major concessions from Beijing and lighter U.S. obligations.
&#8220;Full magnets, and any necessary rare earths, will be supplied, up front, by China,&#8221; Trump said, adding that the U.S. would reciprocate by allowing Chinese students access to U.S. colleges. 
The deal, pending final approval with Chinese President Xi Jinping, includes a significant tariff shift. The U.S. will continue applying tariffs totaling 55% on selected Chinese imports, while China will impose a 10% tariff rate on U.S. goods.
<h3 class="wp-block-heading">Inflation Rises Less Than Expected In May, Easing Tariff Anxiety</h3>
U.S. consumer inflation was softer than expected in May, reinforcing expectations for Federal Reserve rate cuts later this year.
The Consumer Price Index rose 2.4% from a year earlier, undercutting the 2.5% forecasted by economists and edging slightly above April's 2.3% reading. On a monthly basis, prices climbed just 0.1%, slower than both the prior month's 0.2% and the consensus estimate.
Core CPI—which excludes food and energy—held steady at 2.8% year over year, missing the 2.9% projection. Month over month, core prices advanced only 0.1%, undershooting the expected 0.3%.
Energy prices were a major drag, falling 1% in May. Gasoline plunged 2.6%, reversing the prior month's rise. On the flip side, services like medical care and motor vehicle insurance saw upward pressure.
&#8220;With lower-than-expected numbers across the board and a trade deal with China that was agreed to in London, the narrative around tariff-induced inflation should subside,&#8221; said Chris Zaccarelli, chief investment officer for Northlight Asset Management.
<h3 class="wp-block-heading">How Close Are We to New Highs?</h3>
In premarket trading, the S&amp;P 500 index traded at 6,050, up 0.20%, while the Nasdaq 100 added 0.25% to reach 21,990.
The Dow Jones Industrial Average gained 0.1% to 42,924.
Both the S&amp;P 500 and Nasdaq 100 are now less than 2 percentage points from their all-time highs, at 1.6% and 1.1% away, respectively.
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> platform, top-gainers within large-cap stocks following the release of the inflation included:
<ul class="wp-block-list">
<li>CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWE#NASDAQ">CRWE</a>) gained 3.57% to $159.70</li>
<li>NICE Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) rose 3.33% to $179.00</li>
<li>Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) added 3.14% to $76.00</li>
<li>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) climbed 3.03% to $78.15</li>
<li>Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) increased 2.97% to $29.36</li>
<li>Amer Sports Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) rose 2.86% to $38.69</li>
<li>IDEXX Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) gained 2.85% to $540.00</li>
<li>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) advanced 2.74% to $43.40</li>
<li>Skyworks Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) jumped 2.67% to $75.98</li>
<li>Teradyne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) added 2.59% to $90.47</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45870128/meta-platforms-enters-its-most-bullish-month-a-return-to-record-highs-in-sight">Meta Platforms Enters Its Most Bullish Month: A Return To Record Highs In Sight?</a></li>
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Photo: Shutterstock<a href="https://www.benzinga.com/markets/large-cap/25/06/45870128/meta-platforms-enters-its-most-bullish-month-a-return-to-record-highs-in-sight"> </a>

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CRWE

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SWKS

Wall Street Eyes Record Highs As Trump Seals China Deal, Soft Inflation Eases Tariff Jitters

During the last three months, 16 analysts shared their evaluations of Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">3</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $80.38, a high estimate of $110.00, and a low estimate of $64.00. Observing a downward trend, the current average is 8.59% lower than the prior average price target of $87.93. 
<img src="https://www.benzinga.com/files/images/story/2025/1749578464_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Best Buy Co by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Anthony Chukumba</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$69.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Seth Sigman</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$74.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Alicia Reese</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$67.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Alicia Reese</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Neutral</td>
<td>$75.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$64.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$93.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Best Buy Co. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Best Buy Co compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Best Buy Co's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Best Buy Co's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BBY/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Best Buy Co analyst ratings.</a>
<h2>Discovering Best Buy Co: A Closer Look</h2>
With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
<h3>Financial Milestones: Best Buy Co's Journey</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3M period, Best Buy Co faced challenges, resulting in a decline of approximately -0.9% in revenue growth as of 30 April, 2025. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Best Buy Co's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 2.3%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Best Buy Co's ROE stands out, surpassing industry averages. With an impressive ROE of 7.25%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Best Buy Co's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.4%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 1.47, Best Buy Co faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Best Buy Co: 16 Analysts Share Their Views

Guggenheim analyst Steven Forbes reiterates Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and maintains $90 price target.

Guggenheim Reiterates Buy on Best Buy Co, Maintains $90 Price Target

On Thursday, Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) reported that first-quarter 2026 earnings&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45592571/best-buy-q1-earnings-preview-analyst-flags-tariff-fallout-cuts-fy25-outlook-amid-profit-risk" target="_blank" rel="noreferrer noopener">fell short of expectations</a>.
The company's first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. They missed the analyst <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate of $9.22 billion.</a>
&#8220;Today we are updating our full year guidance to incorporate the impact of tariffs,&#8221; said Matt Bilunas, Best Buy CFO. The retailer now expects annual comparable sales growth to be up-or-down 1%. The adjusted operating income rate will likely be similar to last year at <a href="https://www.benzinga.com/news/earnings/25/05/45669267/best-buy-whiffs-on-sales-earnings-tariff-pressures-mount" target="_blank" rel="noreferrer noopener">approximately 4.2%</a>.
For Q2 FY26, Bilunas expects comparable sales to be slightly down to last year. He added that the company's adjusted operating income rate will be approximately 3.6.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44797563/goldman-sachs-sees-upside-in-retail-giants-dollar-tree-home-depot-best-buy-and-target-despite-tariff-margin-pressures" target="_blank" rel="noreferrer noopener">Goldman Sachs Sees Upside In Retail Giants Dollar Tree, Home Depot, Best Buy And Target</a>
Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share.
The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion. 
Guggenheim Securities writes: &#8220;We believe BBY&#8217;s 1Q 2025 operating results provide support behind our 2025 framework.&#8221; 
<ul class="wp-block-list">
<li>Analyst Steven Forbes reiterated the Buy rating and a price target of $90. Here&#8217;s what other </li>
</ul>
Wedbush on Friday lowered its price target from $75 to $70 while <a target="_blank" href="https://www.benzinga.com/quote/BBY/analyst-ratings" rel="noreferrer noopener">maintaining a Neutral rating</a>.
<ul class="wp-block-list">
<li>Analyst Matthew McCartney says the revised outlook embeds consumer behavior and remains relatively consistent through the year. Value-focused shoppers remain &#8220;willing to make big-ticket purchases if they need to or when they see compelling technology.&#8221; The firm expects a &#8220;much more compelling valuation <a href="https://www.benzinga.com/news/earnings/25/05/45669267/best-buy-whiffs-on-sales-earnings-tariff-pressures-mount">following Thursday&#8217;s sell-off</a>.&#8221; </li>
</ul>
Piper Sandler lowered its price target from $92 to $82 on Thursday, keeping an overweight rating.
<ul class="wp-block-list">
<li>Analyst Peter J. Keith writes, &#8220;To the positive, the impact from tariffs was less than expected and appears manageable &#8211; albeit with some price increases that could negatively impact consumer demand in 2H. For product innovation, while the new product pipeline has the Nintendo Switch 2 in June and discontinuing support for Windows 10 in October, the overall innovation outlook appears somewhat subdued.&#8221;</li>
</ul>
KeyBanc Capital Markets on Thursday wrote Best Buy&#8217;s Q1 results reflect continued headwinds within the consumer electronics industry. It reiterates the Sector Weight rating.
<ul class="wp-block-list">
<li>Analyst Bradley Thomas writes, &#8220;While we are encouraged with the updated guidance and management's initiatives, we believe there remains risk to comps in 2H as comparisons become more difficult and have uncertainty around demand destruction related to price increases.&#8221;</li>
</ul>
Truist Securities on Thursday reiterated Neutral rating on Best Buy, increasing the price target from $64 to $69 with a relatively balanced risk/reward.
<ul class="wp-block-list">
<li>Analyst Scot Ciccarelli writes, &#8220;Despite the benign projections on tariffs, sales momentum remains muted and we are looking at the 3rd straight yr of flattish earnings.&#8221;</li>
</ul>
Telsey Advisory on Friday wrote, &#8220;Although uncertainty remains with tariffs, given the ongoing court process governing their legality and negotiations between the US and other countries, we expect Best Buy to come out of the current environment on top within the consumer electronics space based on the company&#8217;s ability to leverage its scale and manage costs well.&#8221;
<ul class="wp-block-list">
<li>Analyst Joseph Feldman maintains an Outperform rating, with a price target of $90.</li>
</ul>
Price Action: BBY stock is up 0.36% at $66.56 at the last check on Friday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45697301/shoe-carnival-stockpiles-inventory-to-dodge-tariffs-ramps-up-rebannering" target="_blank" rel="noreferrer noopener">Shoe Carnival Stockpiles Inventory To Dodge Tariffs, Ramps Up Rebannering</a></li>
</ul>
Image: Shutterstock

Analyst Color

Best Buy Falls Short As Shoppers Hold Off: Analysts Say Tariffs, Tech Slow Sales

Loop Capital analyst Anthony Chukumba maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $90 to $80.

Loop Capital Maintains Buy on Best Buy Co, Lowers Price Target to $80

Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) posted downbeat results for the first quarter.
The company&#8217;s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.
Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.
Best Buy shares fell 0.5% to trade at $65.98 on Friday.
These analysts made changes to their price targets on Best Buy following earnings announcement.
<ul class="wp-block-list">
<li>Wells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.</li>
<li>Wedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.</li>
<li>UBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.</li>
<li>Barclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.</li>
<li>Piper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.</li>
</ul>
Considering buying BBY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/BBY/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png" alt="" class="wp-image-933521" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo via Shutterstock

These Analysts Revise Their Forecasts On Best Buy After Q1 Results

Truist Securities analyst Scot Ciccarelli maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Hold and raises the price target from $64 to $69.

Truist Securities Maintains Hold on Best Buy Co, Raises Price Target to $69

Piper Sandler analyst Peter Keith maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Overweight and lowers the price target from $92 to $82.

Piper Sandler Maintains Overweight on Best Buy Co, Lowers Price Target to $82

Barclays analyst Seth Sigman maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $89 to $74.

Barclays Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $74

UBS analyst Michael Lasser maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $95 to $90.

UBS Maintains Buy on Best Buy Co, Lowers Price Target to $90

Wedbush analyst Alicia Reese maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Neutral and lowers the price target from $75 to $70.

Wedbush Maintains Neutral on Best Buy Co, Lowers Price Target to $70

Wells Fargo analyst Zachary Fadem maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $75 to $67.

Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $67

Telsey Advisory Group analyst Joseph Feldman maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Outperform and maintains $90 price target.

Telsey Advisory Group Maintains Outperform on Best Buy Co, Maintains $90 Price Target

Press Releases

Best Buy Reports Fourth Quarter Results

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + TARGET & BEST BUY HIGHLIGHT RETAIL EARNINGS

Best Buy Announces Regular Quarterly Cash Dividend

Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace

Best Buy Canada announces Mat Povse as new president

Segway Partners With Best Buy Canada for Exclusive F3 Pro Launch

UGREEN Partners with Best Buy, Significantly Expanding Retail Presence Across the United States

Best Buy Reports First Quarter Results

Segway Rolls Out E3 Electric Scooter in Best Buy Canada as Retail Partner Exclusive

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