DA Davidson Estimates Best Buy's Q1 Earnings (NYSE:BBY)

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Analysts at DA Davidson issued their Q1 2026 EPS estimates for Best Buy in a research report issued to clients and investors on Wednesday, March 5th. DA Davidson analyst M. Baker anticipates that the technology retailer will post earnings of $1.11 per share for the quarter. DA Davidson currently 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 - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $13.69 billion. During the same period in the previous year, the company earned $2.72 earnings per share.

Several other research firms also recently commented on BBY. Piper Sandler decreased their price target on shares of Best Buy from $102.00 to $92.00 and set an "overweight" rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their price target on shares of Best Buy from $106.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company decreased their price target on shares of Best Buy from $89.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Truist Financial decreased their price target on shares of Best Buy from $95.00 to $81.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Best Buy in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.50.

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Best Buy Stock Performance

Shares of BBY stock traded up $1.06 on Thursday, hitting $79.66. The company's stock had a trading volume of 3,116,016 shares, compared to its average volume of 2,963,150. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00. The stock's 50 day moving average is $85.58 and its 200-day moving average is $90.46. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71. The company has a market capitalization of $17.03 billion, a PE ratio of 13.62, a PEG ratio of 2.10 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. raised its holdings in Best Buy by 971.9% in the 4th quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer's stock valued at $29,000 after buying an additional 311 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Best Buy in the 4th quarter valued at approximately $31,000. Golden State Wealth Management LLC bought a new position in Best Buy in the 4th quarter valued at approximately $32,000. Atlas Capital Advisors Inc. raised its holdings in Best Buy by 186.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer's stock valued at $32,000 after buying an additional 243 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Best Buy by 18,700.0% in the 4th quarter. Ancora Advisors LLC now owns 376 shares of the technology retailer's stock valued at $32,000 after buying an additional 374 shares during the last quarter. Institutional investors own 80.96% of the company's stock.

Insider Transactions at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.59% of the company's stock.

Best Buy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.77%. This is a boost from Best Buy's previous quarterly dividend of $0.94. Best Buy's dividend payout ratio is 88.99%.

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.