Telsey Advisory Group Comments on Best Buy FY2026 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at Telsey Advisory Group upped their FY2026 EPS estimates for shares of Best Buy in a report issued on Tuesday, November 25th. Telsey Advisory Group analyst J. Feldman now forecasts that the technology retailer will post earnings per share of $6.35 for the year, up from their prior estimate 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.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $1.26 EPS. Best Buy’s quarterly revenue was up 2.4% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS.

A number of other brokerages have also recently issued reports on BBY. Daiwa Capital Markets boosted their target price on shares of Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Piper Sandler lifted 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. Guggenheim reissued a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a report on Wednesday. BNP Paribas Exane decreased their target price on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Truist Financial lifted their price target on shares of Best Buy from $79.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.28.

Best Buy Stock Performance

Shares of NYSE BBY opened at $79.40 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.21 and a beta of 1.25. The stock’s fifty day moving average price is $77.97 and its two-hundred day moving average price is $73.41. Best Buy has a one year low of $54.99 and a one year high of $91.72.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders 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 4.8%. The ex-dividend date of this dividend is Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is currently 125.83%.

Insider Buying and Selling at Best Buy

In other news, Chairman Richard M. Schulze sold 500,000 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $80.83, for a total transaction of $40,415,000.00. Following the completion of the transaction, the chairman owned 12,486,904 shares of the company’s stock, valued at approximately $1,009,316,450.32. The trade was a 3.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $154,901.68. Following the sale, the chief accounting officer owned 20,132 shares of the company’s stock, valued at approximately $1,545,332.32. This represents a 9.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,733,111 shares of company stock worth $141,293,157. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Best Buy

Several hedge funds and other institutional investors have recently made changes to their positions in BBY. Sage Private Wealth Group LLC lifted its stake in Best Buy by 3.1% in 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 grew its stake in shares of Best Buy by 3.9% during the third quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock worth $275,000 after buying an additional 137 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Huntington National Bank lifted its stake in shares of Best Buy by 12.0% in the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock valued at $98,000 after acquiring 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 valued at $639,000 after acquiring an additional 144 shares in the last quarter. 80.96% of the stock is owned by institutional investors.

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.