Best Buy FY2026 EPS Estimate Increased by Zacks Research

Best Buy Co., Inc. (NYSE:BBY) – Analysts at Zacks Research boosted their FY2026 earnings per share estimates for Best Buy in a research note issued to investors on Tuesday, December 16th. Zacks Research analyst Team now forecasts that the technology retailer will post earnings per share of $6.33 for the year, up from their prior estimate of $6.26. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q4 2026 earnings at $2.50 EPS, Q1 2027 earnings at $1.24 EPS, Q3 2028 earnings at $1.67 EPS and FY2028 earnings at $7.46 EPS.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group cut their target price on Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Best Buy in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Best Buy from $97.00 to $99.00 in a research note on Tuesday, November 25th. Evercore ISI dropped their target price on Best Buy from $85.00 to $80.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 9th. Finally, Daiwa Capital Markets raised their price target on shares of Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 28th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.11.

Best Buy Trading Up 0.5%

Shares of Best Buy stock opened at $71.82 on Wednesday. The firm’s 50 day simple moving average is $77.51 and its two-hundred day simple moving average is $73.68. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.81 and a beta of 1.37. Best Buy has a 12-month low of $54.99 and a 12-month high of $91.68. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44.

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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, December 16th. Best Buy’s dividend payout ratio is presently 125.83%.

Insider Activity at Best Buy

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 value of $6,285,563.43. Following the completion of the transaction, the chairman owned 11,451,911 shares in the company, valued at $965,510,616.41. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 1,534,993 shares of company stock worth $126,626,855. 0.47% of the stock is owned by company insiders.

Institutional Trading of Best Buy

Several institutional investors have recently bought and sold shares of BBY. Vanguard Group Inc. lifted its position in shares of Best Buy by 2.4% during 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 buying an additional 552,360 shares in the last quarter. State Street Corp raised its position in Best Buy by 3.8% during the second quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock worth $927,753,000 after acquiring an additional 496,215 shares during the period. Charles Schwab Investment Management Inc. raised its position in Best Buy by 1.0% during 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 acquiring an additional 69,533 shares during the period. AQR Capital Management LLC lifted its holdings in Best Buy by 99.8% during the third quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock valued at $525,120,000 after purchasing an additional 3,496,254 shares in the last quarter. Finally, Invesco Ltd. grew its position 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 during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

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.