Q4 Earnings Estimate for Best Buy Issued By DA Davidson

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at DA Davidson issued their Q4 2026 earnings per share estimates for shares of Best Buy in a research report issued on Wednesday, November 26th. DA Davidson analyst M. Baker anticipates that the technology retailer will earn $2.50 per share for the quarter. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share.

BBY has been the subject of several other research reports. UBS Group upped their target price on shares of Best Buy from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen upgraded shares of Best Buy from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler lifted their target price on Best Buy from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of Best Buy in a report on Thursday, November 20th. Finally, Loop Capital raised their price target on Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.28.

Best Buy Stock Performance

Shares of Best Buy stock opened at $79.40 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 52 week low of $54.99 and a 52 week high of $91.72. The firm’s 50 day moving average is $77.97 and its two-hundred day moving average is $73.41. The firm 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.

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

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is 125.83%.

Insider Buying and Selling

In other news, 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 owned 20,132 shares of the company’s stock, valued at approximately $1,545,332.32. The trade was a 9.11% 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 500,000 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the sale, the chairman directly owned 12,486,904 shares of the company’s stock, valued at approximately $1,009,316,450.32. This represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,733,111 shares of company stock worth $141,293,157. Corporate insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Investment Advisors purchased a new position in Best Buy during the third quarter worth about $1,939,000. CIBC Bancorp USA Inc. purchased a new stake in Best Buy in the 3rd quarter valued at approximately $2,062,000. Achmea Investment Management B.V. increased its position in Best Buy by 45.4% during the 3rd quarter. Achmea Investment Management B.V. now owns 261,849 shares of the technology retailer’s stock worth $19,801,000 after purchasing an additional 81,720 shares during the period. Ariadne Wealth Management LP purchased a new position in shares of Best Buy during the 3rd quarter worth approximately $208,000. Finally, Caerus Investment Advisors LLC acquired a new stake in shares of Best Buy in the 3rd quarter valued at approximately $744,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy Company Profile

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.