Telsey Advisory Group Expects Weaker Earnings for Best Buy

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at Telsey Advisory Group lowered their Q4 2025 earnings per share estimates for Best Buy in a note issued to investors on Tuesday, November 26th. Telsey Advisory Group analyst J. Feldman now forecasts that the technology retailer will post earnings of $2.41 per share for the quarter, down from their previous estimate of $2.52. Telsey Advisory Group currently has a “Outperform” rating and a $110.00 target price 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 EPS for the quarter, topping the consensus estimate of $1.16 by $0.18. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.23 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis.

Several other research firms have also recently commented on BBY. UBS Group reduced their target price on Best Buy from $123.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $114.00 target price (up from $100.00) on shares of Best Buy in a research report on Friday, August 30th. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Best Buy in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Truist Financial cut their price objective on Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.82.

Best Buy Price Performance

Best Buy stock opened at $88.15 on Thursday. Best Buy has a 52 week low of $68.67 and a 52 week high of $103.71. The business has a 50-day simple moving average of $94.16 and a 200 day simple moving average of $89.07. The company has a quick ratio of 0.34, a current ratio of 1.01 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.44 and a beta of 1.47.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Tuesday, December 17th. Best Buy’s dividend payout ratio (DPR) is presently 64.83%.

Institutional Investors Weigh In On Best Buy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Richardson Financial Services Inc. lifted its stake in shares of Best Buy by 190.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer’s stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Best Buy in the 2nd quarter valued at about $35,000. Harbor Capital Advisors Inc. bought a new position in Best Buy during the 3rd quarter valued at approximately $40,000. LRI Investments LLC raised its position in 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 purchasing an additional 335 shares during the last quarter. Finally, Whittier Trust Co. raised its position in 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 purchasing an additional 171 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

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.