DA Davidson Has Bearish Outlook for Best Buy FY2026 Earnings

Best Buy Co., Inc. (NYSE:BBY) – DA Davidson reduced their FY2026 earnings per share estimates for Best Buy in a note issued to investors on Wednesday, March 5th. DA Davidson analyst M. Baker now expects that the technology retailer will earn $6.35 per share for the year, down from their previous estimate of $6.76. DA Davidson currently has a “Buy” rating and a $110.00 target price on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share.

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

A number of other brokerages also recently issued reports on BBY. JPMorgan Chase & Co. reduced their price target on Best Buy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial reduced their price target on Best Buy from $95.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday. Guggenheim reduced their price target on Best Buy from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp restated a “sector weight” rating on shares of Best Buy in a research note on Wednesday. Finally, Evercore ISI cut their target price on Best Buy from $95.00 to $80.00 and set an “in-line” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.50.

Best Buy Trading Up 4.1 %

Shares of NYSE:BBY opened at $78.60 on Friday. The company has a market capitalization of $16.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 2.10 and a beta of 1.43. Best Buy has a 1 year low of $69.29 and a 1 year high of $103.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. The business’s 50 day simple moving average is $85.75 and its 200 day simple moving average is $90.43.

Best Buy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.83%. This is a boost from Best Buy’s previous quarterly dividend of $0.94. The ex-dividend date is Tuesday, March 25th. Best Buy’s dividend payout ratio is presently 88.99%.

Insider Activity

In other 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 directly owns 92,070 shares in the company, valued at approximately $8,052,442.20. This represents a 42.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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