What is DA Davidson’s Estimate for Best Buy FY2026 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at DA Davidson lowered their FY2026 earnings per share estimates for shares of Best Buy in a report released on Wednesday, November 12th. DA Davidson analyst M. Baker now anticipates that the technology retailer will earn $6.23 per share for the year, down from their previous forecast of $6.24. 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 $6.93 EPS.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, August 28th. The technology retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS.

A number of other analysts also recently weighed in on BBY. JPMorgan Chase & Co. increased their price target on shares of Best Buy from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Friday. Bank of America lowered their price objective on shares of Best Buy from $63.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, August 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Best Buy in a report on Friday, August 29th. Argus reaffirmed a “hold” rating on shares of Best Buy in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Best Buy in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.88.

Best Buy Stock Performance

NYSE BBY traded up $0.69 during trading on Friday, hitting $76.87. The company’s stock had a trading volume of 668,854 shares, compared to its average volume of 3,569,648. Best Buy has a 52 week low of $54.99 and a 52 week high of $95.49. The firm has a market cap of $16.15 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. The firm has a 50 day moving average price of $77.67 and a 200 day moving average price of $72.75. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $3.80 annualized dividend and a yield of 4.9%. Best Buy’s payout ratio is currently 104.97%.

Insider Activity

In other Best Buy news, CAO Mathew Watson sold 3,715 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $74.07, for a total value of $275,170.05. Following the sale, the chief accounting officer owned 22,150 shares of the company’s stock, valued at approximately $1,640,650.50. This trade represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard M. Schulze sold 500,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,736,826 shares of company stock worth $141,568,327. Insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Best Buy by 2.4% in the third 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 during the period. State Street Corp raised its position in shares of 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 purchasing an additional 496,215 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Best Buy by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock valued at $472,495,000 after purchasing an additional 69,533 shares in the last quarter. Invesco Ltd. raised its holdings in Best Buy by 15.8% during the second quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock worth $305,351,000 after buying an additional 621,863 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Best Buy by 39.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock worth $235,064,000 after acquiring an additional 991,141 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

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.