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

Best Buy Co., Inc. (NYSE:BBY) – Analysts at DA Davidson reduced their FY2026 earnings estimates for shares of Best Buy in a research report issued to clients and investors on Wednesday, March 5th. DA Davidson analyst M. Baker now expects that the technology retailer will post earnings per share of $6.35 for the year, down from their prior 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.

Several other research firms have also recently issued reports on BBY. Evercore ISI reduced their price objective on shares of Best Buy from $95.00 to $80.00 and set an “in-line” rating on the stock in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $105.00 price objective (down previously from $115.00) on shares of Best Buy in a research report on Friday, February 28th. Telsey Advisory Group reduced their price objective on shares of Best Buy from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Best Buy from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America cut their target price on shares of Best Buy from $80.00 to $75.00 and set an “underperform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Best Buy presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.50.

Best Buy Trading Up 1.3 %

Best Buy stock opened at $79.66 on Friday. The stock has a market cap of $17.03 billion, a P/E ratio of 13.62, a PEG 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. The firm’s 50 day moving average price is $85.58 and its 200-day moving average price is $90.39.

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

Institutional Trading of Best Buy

Institutional investors and hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its position in shares of Best Buy by 10.5% during the third quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after purchasing an additional 3,025 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Best Buy by 27.4% during the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock worth $9,332,000 after purchasing an additional 19,405 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in shares of Best Buy during the fourth quarter worth $3,293,000. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Best Buy by 48.6% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 26,400 shares of the technology retailer’s stock worth $2,265,000 after purchasing an additional 8,640 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its position in shares of Best Buy by 424.0% during the fourth quarter. Alberta Investment Management Corp now owns 26,200 shares of the technology retailer’s stock worth $2,248,000 after purchasing an additional 21,200 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Best Buy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 4.77%. This is a positive change from Best Buy’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Tuesday, March 25th. Best Buy’s payout ratio is presently 88.99%.

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.