Best Buy Co. Inc. (BBY) — Q3 2026 Results
Best Buy reported quarterly revenue of $9.7 billion, up 2.4% year‑over‑year, essentially in line with the consensus revenue estimate of $9.69 billion. However, earnings per share came in at 0.66, well below the estimate of 1.3212, reflecting meaningful pressure on profitability.
The quarter shows a mixed picture for Best Buy: modest top‑line growth but a sharp decline in operating profit and net income, a sizeable miss on EPS versus expectations, and a notable deterioration in operating cash flow. Investors will likely focus on margin dynamics and cash flow recovery as the company moves forward.
Best Buy Co. Inc. Insider Trading Activity
Best Buy Co. Inc. insiders have traded $BBY stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $BBY stock by insiders over the last 6 months:
- RICHARD M SCHULZE has made 0 purchases and 12 sales selling 2,460,294 shares for an estimated $194,334,554.
- MATHEW WATSON (SVP, Controller & CAO) has made 0 purchases and 2 sales selling 5,733 shares for an estimated $430,083.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Best Buy Co. Inc. Hedge Fund Activity
We have seen 435 institutional investors add shares of Best Buy Co. Inc. stock to their portfolio, and 471 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 3,496,254 shares (+99.8%) to their portfolio in Q3 2025, for an estimated $264,386,727
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,935,792 shares (+64.5%) to their portfolio in Q3 2025, for an estimated $146,384,591
- AMUNDI removed 1,573,323 shares (-55.9%) from their portfolio in Q3 2025, for an estimated $118,974,685
- D. E. SHAW & CO., INC. removed 1,358,186 shares (-49.2%) from their portfolio in Q3 2025, for an estimated $102,706,025
- SQUAREPOINT OPS LLC removed 1,064,156 shares (-99.5%) from their portfolio in Q3 2025, for an estimated $80,471,476
- JANUS HENDERSON GROUP PLC added 886,717 shares (+2970.6%) to their portfolio in Q3 2025, for an estimated $67,053,539
- PACER ADVISORS, INC. added 764,064 shares (+61.9%) to their portfolio in Q3 2025, for an estimated $57,778,519
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Best Buy Co. Inc. Analyst Ratings
Wall Street analysts have issued reports on $BBY in the last several months. We have seen 5 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Telsey Advisory Group issued a "Outperform" rating on 11/18/2025
- JP Morgan issued a "Overweight" rating on 11/14/2025
- B of A Securities issued a "Underperform" rating on 08/29/2025
- Guggenheim issued a "Buy" rating on 08/29/2025
- Loop Capital issued a "Buy" rating on 05/30/2025
- UBS issued a "Buy" rating on 05/30/2025
To track analyst ratings and price targets for Best Buy Co. Inc., check out Quiver Quantitative's $BBY forecast page.
Best Buy Co. Inc. Price Targets
Multiple analysts have issued price targets for $BBY recently. We have seen 13 analysts offer price targets for $BBY in the last 6 months, with a median target of $79.0.
Here are some recent targets:
- Joseph Feldman from Telsey Advisory Group set a target price of $90.0 on 11/18/2025
- Christopher Horvers from JP Morgan set a target price of $97.0 on 11/14/2025
- Scot Ciccarelli from Truist Securities set a target price of $79.0 on 11/07/2025
- Jonathan Matuszewski from Jefferies set a target price of $95.0 on 10/08/2025
- Steven Forbes from Guggenheim set a target price of $90.0 on 08/29/2025
- Zachary Fadem from Wells Fargo set a target price of $75.0 on 08/29/2025
- Elizabeth Suzuki from B of A Securities set a target price of $60.0 on 08/29/2025
