Best Buy (NYSE:BBY) Issues FY 2026 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.250-6.350 for the period, compared to the consensus earnings per share estimate of 6.260. The company issued revenue guidance of $41.7 billion-$42.0 billion, compared to the consensus revenue estimate of $41.8 billion.

Best Buy Price Performance

Shares of BBY opened at $80.90 on Thursday. The company has a market capitalization of $17.00 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. Best Buy has a twelve month low of $54.99 and a twelve month high of $91.72. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $77.68 and a 200 day moving average of $73.32.

Best Buy (NYSE:BBY) last issued its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. The company had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. As a group, equities research analysts anticipate that Best Buy will post 6.18 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is presently 104.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BBY. Weiss Ratings reiterated a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Best Buy from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Truist Financial upped their price objective on Best Buy from $79.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Loop Capital increased their price target on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Best Buy has an average rating of “Hold” and a consensus price target of $84.41.

Insider Activity

In other Best Buy news, Chairman Richard M. Schulze sold 500,000 shares of the business’s stock in a transaction that occurred 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 sale, the chairman directly owned 12,486,904 shares of the company’s stock, valued at $1,009,316,450.32. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mathew Watson sold 3,715 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $74.07, for a total value of $275,170.05. Following the completion of the sale, the chief accounting officer directly owned 22,150 shares of the company’s stock, valued at $1,640,650.50. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,736,826 shares of company stock valued at $141,568,327. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Best Buy

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in shares of Best Buy by 8.2% during the third quarter. Parallel Advisors LLC now owns 2,677 shares of the technology retailer’s stock worth $202,000 after acquiring an additional 202 shares during the period. Lido Advisors LLC grew its stake in Best Buy by 2.7% in the third quarter. Lido Advisors LLC now owns 11,918 shares of the technology retailer’s stock worth $912,000 after purchasing an additional 317 shares in the last quarter. Palisade Asset Management LLC purchased a new position in Best Buy during the 3rd quarter worth $25,000. Geneos Wealth Management Inc. raised its position in Best Buy by 30.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,466 shares of the technology retailer’s stock valued at $98,000 after purchasing an additional 338 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in shares of Best Buy by 3.6% in the 3rd quarter. Norinchukin Bank The now owns 11,551 shares of the technology retailer’s stock worth $873,000 after buying an additional 399 shares during the period. 80.96% of the stock is owned by hedge funds and other 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.