FY2026 Earnings Estimate for Best Buy Issued By DA Davidson

Best Buy Co., Inc. (NYSE:BBY) – Analysts at DA Davidson lifted their FY2026 earnings per share estimates for Best Buy in a report released on Wednesday, November 26th. DA Davidson analyst M. Baker now anticipates that the technology retailer will post earnings per share of $6.33 for the year, up from their prior estimate of $6.23. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. DA Davidson also issued estimates for Best Buy’s FY2027 earnings at $7.04 EPS.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The business had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Best Buy’s revenue 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.

Other equities research analysts also recently issued reports about the stock. Loop Capital lifted their price target on shares of Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Truist Financial raised their price objective on Best Buy from $79.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday. Telsey Advisory Group upped their target price on Best Buy from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Bank of America reduced their target price on Best Buy from $63.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, August 29th. Finally, Citigroup raised their price target on Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.28.

Best Buy Stock Performance

NYSE BBY opened at $79.40 on Monday. The firm has a 50-day moving average price of $77.97 and a two-hundred day moving average price of $73.41. Best Buy has a 12-month low of $54.99 and a 12-month high of $91.72. The company has a market capitalization of $16.68 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.21 and a beta of 1.25. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Best Buy

Several hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Best Buy by 69.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in shares of Best Buy during the third quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Best Buy during the second quarter worth about $26,000. Root Financial Partners LLC bought a new stake in shares of Best Buy during the third quarter worth about $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Best Buy in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Insider Activity at Best Buy

In other Best Buy news, Chairman Richard M. Schulze sold 74,553 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the sale, the chairman owned 11,451,911 shares of the company’s stock, valued at approximately $965,510,616.41. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mathew Watson sold 2,018 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $76.76, for a total transaction of $154,901.68. Following the transaction, the chief accounting officer owned 20,132 shares of the company’s stock, valued at $1,545,332.32. This trade represents a 9.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,733,111 shares of company stock worth $141,293,157 over the last ninety days. 0.47% of the stock is currently owned by insiders.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 annualized dividend and a dividend yield of 4.8%. Best Buy’s payout ratio is 125.83%.

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.