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

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at DA Davidson issued their Q1 2026 earnings estimates for shares of Best Buy in a research note issued on Wednesday, March 5th. DA Davidson analyst M. Baker forecasts that the technology retailer will post earnings per share of $1.11 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.

A number of other equities research analysts have also issued reports on the stock. UBS Group reissued a “buy” rating and issued a $105.00 price target (down previously from $115.00) on shares of Best Buy in a report on Friday, February 28th. Jefferies Financial Group cut their target price 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. Evercore ISI cut their target price on shares of Best Buy from $95.00 to $80.00 and set an “in-line” rating on the stock in a research note on Wednesday. Citigroup cut their target price on shares of Best Buy from $105.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Best Buy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.50.

Best Buy Price Performance

Shares of Best Buy stock opened at $79.66 on Thursday. The firm has a market cap of $17.03 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. Best Buy has a 12-month low of $69.29 and a 12-month high of $103.71. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $85.58 and its two-hundred day simple moving average is $90.39.

Best Buy (NYSE:BBY) last announced 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 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 quarter last 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 issued a $0.95 dividend. The ex-dividend date 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 payout ratio is 88.99%.

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy 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 directly owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. The trade was a 42.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in Best Buy by 971.9% in the fourth quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer’s stock worth $29,000 after buying an additional 311 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in Best Buy in the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new position in Best Buy in the fourth quarter worth about $32,000. Atlas Capital Advisors Inc. raised its holdings in Best Buy by 186.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer’s stock worth $32,000 after buying an additional 243 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Best Buy by 18,700.0% during the fourth 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. 80.96% of the stock is owned by hedge funds and other institutional investors.

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.