What is DA Davidson’s Estimate for Best Buy FY2026 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at DA Davidson cut their FY2026 EPS estimates for shares of Best Buy in a note issued to investors on Wednesday, March 5th. DA Davidson analyst M. Baker now forecasts that the technology retailer will earn $6.35 per share for the year, down from their previous estimate of $6.76. 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.

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

A number of other analysts also recently weighed in on BBY. Piper Sandler reduced their target price on shares of Best Buy from $102.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Best Buy from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Truist Financial cut their price objective on shares of Best Buy from $95.00 to $81.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America cut their price objective on shares of Best Buy from $80.00 to $75.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Best Buy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.50.

Best Buy Stock Up 1.3 %

NYSE:BBY opened at $79.66 on Friday. The firm’s 50-day moving average price is $85.58 and its 200-day moving average price is $90.39. The company has a market capitalization of $17.03 billion, a PE ratio of 13.62, a P/E/G ratio of 2.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. Best Buy has a 1-year low of $69.29 and a 1-year high of $103.71.

Best Buy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s dividend payout ratio (DPR) is presently 88.99%.

Insider Activity

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 92,070 shares in the company, valued at $8,052,442.20. This represents a 42.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Best Buy

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Best Buy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 22,982,608 shares of the technology retailer’s stock worth $1,971,908,000 after purchasing an additional 191,161 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Best Buy by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,560,368 shares of the technology retailer’s stock worth $562,880,000 after purchasing an additional 395,415 shares during the period. Raymond James Financial Inc. bought a new position in shares of Best Buy in the 4th quarter worth approximately $514,483,000. Geode Capital Management LLC lifted its stake in shares of Best Buy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 5,092,820 shares of the technology retailer’s stock worth $436,210,000 after purchasing an additional 239,840 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Best Buy by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,824,425 shares of the technology retailer’s stock worth $328,136,000 after purchasing an additional 459,353 shares during the period. Institutional investors own 80.96% of the company’s stock.

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.