Best Buy FY2026 EPS Estimate Lifted by Telsey Advisory Group

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at Telsey Advisory Group increased their FY2026 earnings per share (EPS) estimates for Best Buy in a report released on Tuesday, November 25th. Telsey Advisory Group analyst J. Feldman now anticipates that the technology retailer will earn $6.35 per share for the year, up from their previous forecast of $6.25. Telsey Advisory Group currently has a “Outperform” rating and a $95.00 target price on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Telsey Advisory Group also issued estimates for Best Buy’s Q1 2027 earnings at $1.25 EPS, Q3 2027 earnings at $1.46 EPS and FY2027 earnings at $6.83 EPS.

Several other brokerages have also recently commented on BBY. Wall Street Zen cut shares of Best Buy from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Piper Sandler increased their price objective on shares of Best Buy from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday. Loop Capital raised their price objective on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Best Buy in a report on Wednesday, October 8th. Finally, Bank of America reduced their price target on Best Buy from $63.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.53.

Best Buy Price Performance

Shares of BBY opened at $80.90 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.43. Best Buy has a twelve month low of $54.99 and a twelve month high of $91.72. The stock has a market capitalization of $17.00 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.21 and a beta of 1.25. The company has a 50 day moving average of $77.83 and a 200-day moving average of $73.37.

Best Buy (NYSE:BBY) last announced its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The business had revenue of $9.67 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm earned $1.26 EPS. Best Buy’s revenue for the quarter was up 2.4% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS.

Best Buy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Best Buy’s dividend payout ratio is presently 125.83%.

Insider Activity

In related news, Chairman Richard M. Schulze sold 74,553 shares of Best Buy stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the completion of the transaction, the chairman owned 11,451,911 shares in the company, valued at approximately $965,510,616.41. This trade represents a 0.65% 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, CAO Mathew Watson sold 2,018 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.76, for a total value of $154,901.68. Following the transaction, the chief accounting officer directly owned 20,132 shares in the company, valued at approximately $1,545,332.32. This trade represents a 9.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,733,111 shares of company stock valued at $141,293,157 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Best Buy

A number of large investors have recently added to or reduced their stakes in BBY. Sage Private Wealth Group LLC lifted its holdings in Best Buy by 3.1% during the 3rd quarter. Sage Private Wealth Group LLC now owns 4,109 shares of the technology retailer’s stock valued at $311,000 after purchasing an additional 123 shares during the last quarter. LVW Advisors LLC raised its position in shares of Best Buy by 3.9% in the third quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock valued at $275,000 after purchasing an additional 137 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares during the last quarter. Huntington National Bank lifted its stake in shares of Best Buy by 12.0% during the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock worth $98,000 after buying an additional 139 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Best Buy by 1.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock worth $639,000 after buying an additional 144 shares during the period. Institutional investors own 80.96% of the company’s stock.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.