Best Buy (BBY) to Release Quarterly Earnings on Thursday

Best Buy (NYSE:BBY - Get Free Report) is projected to release its Q1 2026 earnings data before the market opens on Thursday, May 29th. Analysts expect Best Buy to post earnings of $1.08 per share and revenue of $8.77 billion for the quarter. Best Buy has set its FY 2026 guidance at 6.200-6.600 EPS.

Best Buy (NYSE:BBY - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.18. The business had revenue of $13.95 billion during 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 company posted $2.72 earnings per share. On average, analysts expect Best Buy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Trading Up 3.4%

NYSE BBY traded up $2.35 on Tuesday, reaching $72.27. The company had a trading volume of 3,596,284 shares, compared to its average volume of 3,371,264. The stock's 50 day moving average is $67.64 and its 200-day moving average is $79.30. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 2.10 and a beta of 1.27. 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 has a 52 week low of $54.99 and a 52 week high of $103.71.

Best Buy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, March 25th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Best Buy's previous quarterly dividend of $0.94. Best Buy's dividend payout ratio is currently 88.99%.

Insiders Place Their Bets

In other Best Buy news, insider Todd G. Hartman sold 4,893 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $72.65, for a total transaction of $355,476.45. Following the transaction, the insider now owns 32,320 shares in the company, valued at $2,348,048. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew M. Bilunas sold 51,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $74.20, for a total value of $3,784,200.00. Following the transaction, the chief financial officer now owns 55,856 shares in the company, valued at approximately $4,144,515.20. This trade represents a 47.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,355 shares of company stock worth $5,767,213 in the last 90 days. Company insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On Best Buy

An institutional investor recently raised its position in Best Buy stock. Woodline Partners LP lifted its position in shares of Best Buy Co., Inc. (NYSE:BBY - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,436 shares of the technology retailer's stock after acquiring an additional 4,701 shares during the quarter. Woodline Partners LP's holdings in Best Buy were worth $1,210,000 at the end of the most recent reporting period. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on BBY. Jefferies Financial Group dropped their price objective on Best Buy from $106.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Loop Capital reissued a "negative" rating on shares of Best Buy in a research note on Wednesday, March 5th. Evercore ISI decreased 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, March 5th. Bank of America decreased their target price on Best Buy from $80.00 to $75.00 and set an "underperform" rating for the company in a research note on Wednesday, March 5th. Finally, Morgan Stanley decreased their target price on Best Buy from $100.00 to $85.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Best Buy currently has a consensus rating of "Hold" and a consensus price target of $89.33.

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.