What is DA Davidson’s Forecast for Best Buy Q3 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at DA Davidson issued their Q3 2026 earnings per share (EPS) estimates for shares of Best Buy in a report released on Wednesday, November 12th. DA Davidson analyst M. Baker forecasts that the technology retailer will earn $1.29 per share for the quarter. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share.

A number of other research firms have also recently commented on BBY. Citigroup raised their target price on Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Argus reissued a “hold” rating on shares of Best Buy in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a research report on Wednesday, October 8th. Guggenheim reissued a “buy” rating and set a $90.00 price target on shares of Best Buy in a research report on Friday, August 29th. Finally, Barclays restated an “equal weight” rating and issued a $74.00 price objective on shares of Best Buy in a report on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.38.

Best Buy Trading Down 1.5%

BBY stock traded down $1.14 during trading on Thursday, reaching $76.57. The company had a trading volume of 739,998 shares, compared to its average volume of 3,569,809. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. Best Buy has a 52 week low of $54.99 and a 52 week high of $95.49. The business has a 50 day moving average of $77.69 and a 200 day moving average of $72.73. The company has a market cap of $16.09 billion, a P/E ratio of 21.16, a PEG ratio of 2.21 and a beta of 1.25.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Thursday, August 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.23 billion. During the same quarter in the previous year, the business earned $1.34 EPS. Best Buy’s 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.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, September 18th. This represents a $3.80 dividend on an annualized basis and a yield of 5.0%. Best Buy’s payout ratio is currently 104.97%.

Insider Buying and Selling at Best Buy

In related news, Chairman Richard M. Schulze sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $80.83, for a total transaction of $40,415,000.00. Following the completion of the sale, the chairman directly owned 12,486,904 shares in the company, valued at approximately $1,009,316,450.32. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mathew Watson sold 3,715 shares of Best Buy stock in a transaction on Friday, August 29th. The stock was sold at an average price of $74.07, for a total transaction of $275,170.05. Following the transaction, the chief accounting officer owned 22,150 shares in the company, valued at $1,640,650.50. This represents a 14.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,736,826 shares of company stock worth $141,568,327 over the last three months. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Best Buy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Best Buy by 69.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Best Buy during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Best Buy in the third quarter worth $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Best Buy during the second quarter worth $33,000. Finally, MUFG Securities EMEA plc purchased a new position in Best Buy during the second quarter valued at $38,000. 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.