What is DA Davidson’s Estimate for Best Buy Q1 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at DA Davidson issued their Q1 2026 earnings estimates for shares of Best Buy in a note issued to investors on Wednesday, March 5th. DA Davidson analyst M. Baker expects 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.

BBY has been the subject of a number of other reports. Barclays reduced their target price on shares of Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Wedbush reissued a “neutral” rating and set a $90.00 target price on shares of Best Buy in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of Best Buy from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler cut their price objective 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 cut their price objective on shares of Best Buy from $105.00 to $93.00 and set a “buy” 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.50.

Best Buy Stock Up 1.3 %

Best Buy stock opened at $79.66 on Thursday. Best Buy has a twelve month low of $69.29 and a twelve month high of $103.71. The firm has a 50 day moving average price of $85.58 and a 200-day moving average price of $90.39. The company has a market capitalization of $17.03 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.10 and a beta of 1.43. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

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, beating 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 during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the firm earned $2.72 EPS.

Best Buy Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the sale, the chief financial officer now owns 92,070 shares in the company, valued at approximately $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Best Buy

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

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.