FY2026 EPS Estimates for Best Buy Lifted by Zacks Research

Best Buy Co., Inc. (NYSE:BBY) – Analysts at Zacks Research upped their FY2026 earnings estimates for shares of Best Buy in a research report issued to clients and investors on Tuesday, December 16th. Zacks Research analyst Team now expects 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.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group lowered their price objective 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. Guggenheim reissued a “buy” rating and set a $90.00 target price on shares of Best Buy in a research note on Wednesday, November 26th. Wedbush reissued a “neutral” rating and issued a $75.00 price target on shares of Best Buy in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of Best Buy from $97.00 to $99.00 in a report on Tuesday, November 25th. Finally, Telsey Advisory Group lifted their price objective on shares of Best Buy from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.47.

Best Buy Trading Down 0.2%

Shares of Best Buy stock opened at $72.75 on Wednesday. Best Buy has a fifty-two week low of $54.99 and a fifty-two week high of $91.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05. The company has a market capitalization of $15.24 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.85 and a beta of 1.37. The company has a fifty day moving average of $77.69 and a 200 day moving average of $73.71.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The firm had revenue of $9.67 billion during the quarter, compared to analysts’ expectations 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 period 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.

Institutional Investors Weigh In On Best Buy

Several large investors have recently bought and sold shares of BBY. Sage Private Wealth Group LLC raised its holdings in shares of 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 buying an additional 123 shares during the period. LVW Advisors LLC boosted its holdings in Best Buy by 3.9% during the 3rd quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock valued at $275,000 after acquiring an additional 137 shares during the period. Harbor Capital Advisors Inc. grew its position in Best Buy by 69.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after acquiring an additional 138 shares in the last quarter. Huntington National Bank increased its stake in Best Buy by 12.0% during the third quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock worth $98,000 after purchasing an additional 139 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in Best Buy by 1.5% during the second quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock worth $639,000 after purchasing an additional 144 shares during the period. Institutional investors own 80.96% of the company’s stock.

Insider Transactions at Best Buy

In other news, Chairman Richard M. Schulze sold 74,553 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the sale, the chairman directly owned 11,451,911 shares of the company’s stock, valued at $965,510,616.41. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 1,534,993 shares of company stock valued at $126,626,855. Insiders own 0.59% of the company’s stock.

Best Buy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is currently 125.83%.

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.