Telsey Advisory Group Expects Weaker Earnings for Best Buy

Best Buy Co., Inc. (NYSE:BBY) – Equities researchers at Telsey Advisory Group dropped their Q4 2025 earnings per share (EPS) estimates for shares of Best Buy in a research report issued to clients and investors on Tuesday, November 26th. Telsey Advisory Group analyst J. Feldman now expects that the technology retailer will earn $2.41 per share for the quarter, down from their prior forecast of $2.52. Telsey Advisory Group has a “Outperform” rating and a $110.00 price objective on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.28 per share. Telsey Advisory Group also issued estimates for Best Buy’s Q1 2026 earnings at $1.25 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.39 EPS, Q4 2026 earnings at $2.64 EPS and FY2026 earnings at $6.70 EPS.

Best Buy (NYSE:BBY) last posted its earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.18. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.23 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

BBY has been the topic of a number of other research reports. Loop Capital reduced their target price on Best Buy from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group upped their target price on Best Buy from $95.00 to $116.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Wells Fargo & Company reduced their target price on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $114.00 target price (up previously from $100.00) on shares of Best Buy in a report on Friday, August 30th. Finally, Melius Research initiated coverage on Best Buy in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.82.

Best Buy Stock Down 0.4 %

BBY stock opened at $88.15 on Thursday. Best Buy has a fifty-two week low of $68.67 and a fifty-two week high of $103.71. The business’s 50 day moving average price is $94.16 and its two-hundred day moving average price is $89.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47.

Institutional Trading of Best Buy

Institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. boosted its stake in Best Buy by 190.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Innealta Capital LLC purchased a new stake in Best Buy during the 2nd quarter valued at $35,000. Harbor Capital Advisors Inc. purchased a new stake in Best Buy during the 3rd quarter valued at $40,000. LRI Investments LLC lifted its holdings in shares of Best Buy by 632.1% during the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock valued at $40,000 after buying an additional 335 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Best Buy by 53.3% during the 2nd quarter. Whittier Trust Co. now owns 492 shares of the technology retailer’s stock valued at $41,000 after buying an additional 171 shares during the period. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.94 per share. The ex-dividend date is Tuesday, December 17th. This represents a $3.76 annualized dividend and a yield of 4.27%. Best Buy’s dividend payout ratio is 64.83%.

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.