Q1 Earnings Estimate for Best Buy Issued By DA Davidson

Best Buy Co., Inc. (NYSE:BBY) – Equities researchers at DA Davidson issued their Q1 2026 earnings estimates for shares of Best Buy in a report issued on Wednesday, March 5th. DA Davidson analyst M. Baker forecasts that the technology retailer will earn $1.11 per share for the quarter. DA Davidson has a “Buy” rating and a $110.00 price objective on the stock. 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 $7.42 EPS.

Best Buy (NYSE:BBY) last released its earnings results on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.18. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The firm had revenue of $13.95 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the firm earned $2.72 earnings per share.

A number of other research firms have also recently weighed in on BBY. Evercore ISI cut their price target on Best Buy from $95.00 to $80.00 and set an “in-line” rating on the stock in a research note on Wednesday. Wedbush reissued a “neutral” rating and set a $90.00 target price on shares of Best Buy in a research report on Monday. Bank of America lowered their price target on Best Buy from $80.00 to $75.00 and set an “underperform” rating for the company in a report on Wednesday. Piper Sandler lowered their target price on shares of Best Buy from $102.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Citigroup dropped their price objective on Best Buy from $105.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.50.

Best Buy Price Performance

Shares of BBY opened at $75.36 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $85.97 and its 200-day simple moving average is $90.51. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.10 and a beta of 1.43. Best Buy has a twelve month low of $69.29 and a twelve month high of $103.71.

Best Buy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, March 25th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s payout ratio is currently 88.99%.

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the transaction, the chief financial officer now owns 92,070 shares in the company, valued at approximately $8,052,442.20. This represents a 42.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Best Buy

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in Best Buy by 5.2% in the fourth quarter. IFP Advisors Inc now owns 2,538 shares of the technology retailer’s stock valued at $218,000 after purchasing an additional 125 shares during the last quarter. Mariner LLC grew its stake in Best Buy by 0.3% in the 4th quarter. Mariner LLC now owns 43,215 shares of the technology retailer’s stock valued at $3,708,000 after acquiring an additional 129 shares during the last quarter. LRI Investments LLC increased its holdings in Best Buy by 36.3% during the 4th quarter. LRI Investments LLC now owns 529 shares of the technology retailer’s stock valued at $45,000 after acquiring an additional 141 shares in the last quarter. Rothschild Investment LLC raised its position in Best Buy by 19.7% during the fourth quarter. Rothschild Investment LLC now owns 861 shares of the technology retailer’s stock worth $74,000 after acquiring an additional 142 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Best Buy by 5.0% in the fourth quarter. Independent Advisor Alliance now owns 3,002 shares of the technology retailer’s stock valued at $258,000 after purchasing an additional 142 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

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.