DA Davidson Has Positive Outlook of Best Buy FY2026 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at DA Davidson lifted their FY2026 earnings per share estimates for shares of Best Buy in a research note issued on Wednesday, November 26th. DA Davidson analyst M. Baker now forecasts that the technology retailer will post earnings of $6.33 per share for the year, up from their previous 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.

A number of other brokerages also recently issued reports on BBY. Wall Street Zen upgraded shares of Best Buy from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lifted their target price on shares of Best Buy from $74.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group cut their price target on shares of Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Citigroup increased their price target on Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Piper Sandler lifted their price objective on Best Buy from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $84.28.

Best Buy Stock Performance

Shares of BBY stock opened at $79.40 on Monday. The stock has a market capitalization of $16.68 billion, a PE ratio of 21.93, a PEG ratio of 2.21 and a beta of 1.25. The business’s 50 day simple moving average is $77.97 and its 200 day simple moving average is $73.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. Best Buy has a one year low of $54.99 and a one year high of $91.72.

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

Institutional Investors Weigh In On Best Buy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Best Buy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after acquiring an additional 552,360 shares in the last quarter. State Street Corp increased its holdings in Best Buy by 3.8% during the 2nd quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock worth $927,753,000 after purchasing an additional 496,215 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Best Buy by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock worth $472,495,000 after purchasing an additional 69,533 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Best Buy by 99.8% in the third quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after purchasing an additional 3,496,254 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Best Buy by 15.8% in the second quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock valued at $305,351,000 after purchasing an additional 621,863 shares in the last quarter. 80.96% of the stock is owned by institutional investors.

Insider Activity at Best Buy

In related news, Chairman Richard M. Schulze sold 500,000 shares of Best Buy stock in a transaction on Monday, October 20th. The shares were sold at an average price of $80.83, for a total value of $40,415,000.00. Following the completion of the sale, the chairman owned 12,486,904 shares of the company’s stock, valued at approximately $1,009,316,450.32. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed 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 in the company, valued at approximately $1,545,332.32. The trade was a 9.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Best Buy Announces Dividend

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

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.