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

Best Buy Co., Inc. (NYSE:BBY) – Analysts at DA Davidson reduced their FY2026 EPS estimates for Best Buy in a research note issued to investors on Wednesday, November 12th. DA Davidson analyst M. Baker now anticipates that the technology retailer will post earnings of $6.23 per share for the year, down from their prior 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 earnings results on Thursday, August 28th. The technology retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.23 billion. During the same quarter last year, the business posted $1.34 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS.

Several other research firms have also recently issued reports on BBY. Telsey Advisory Group reissued an “outperform” rating and set a $90.00 target price on shares of Best Buy in a research note on Friday, August 29th. Jefferies Financial Group lifted their target price on Best Buy from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays reissued an “equal weight” rating and issued a $74.00 price objective on shares of Best Buy in a research note on Friday, August 29th. Bank of America reduced their target price on shares of Best Buy from $63.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their price objective on Best Buy from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.88.

Best Buy Price Performance

Shares of Best Buy stock traded up $0.69 on Friday, hitting $76.87. 668,854 shares of the company were exchanged, compared to its average volume of 3,569,648. 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 company has a 50-day moving average price of $77.67 and a 200 day moving average price of $72.75. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. Best Buy has a 1-year low of $54.99 and a 1-year high of $95.49.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBY. Sage Private Wealth Group LLC boosted its stake in shares of Best Buy by 3.1% during 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 last quarter. LVW Advisors LLC increased its holdings in shares of Best Buy by 3.9% in the 3rd quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock worth $275,000 after acquiring an additional 137 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares during the period. Huntington National Bank increased its position in Best Buy by 12.0% in the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock valued at $98,000 after acquiring an additional 139 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Best Buy by 1.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock worth $639,000 after acquiring an additional 144 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction of $275,170.05. Following the completion of the transaction, the chief accounting officer directly owned 22,150 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, Chairman Richard M. Schulze sold 500,000 shares of the 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 owned 12,486,904 shares in the company, valued at $1,009,316,450.32. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,736,826 shares of company stock valued at $141,568,327 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Best Buy Announces Dividend

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

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.