Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities research analysts at Telsey Advisory Group lowered their Q2 2026 earnings per share estimates for Best Buy in a research note issued to investors on Friday, May 30th. Telsey Advisory Group analyst J. Feldman now anticipates that the technology retailer will earn $1.21 per share for the quarter, down from their prior forecast of $1.33. Telsey Advisory Group currently has a "Outperform" rating and a $90.00 target price on the stock. The consensus estimate for Best Buy's current full-year earnings is $6.18 per share. Telsey Advisory Group also issued estimates for Best Buy's Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $2.58 EPS, FY2026 earnings at $6.25 EPS, Q1 2027 earnings at $1.25 EPS, Q2 2027 earnings at $1.37 EPS, Q3 2027 earnings at $1.43 EPS, Q4 2027 earnings at $2.75 EPS and FY2027 earnings at $6.70 EPS.
Several other analysts have also issued reports on the company. Citigroup reiterated a "neutral" rating and set a $70.00 price objective (down from $93.00) on shares of Best Buy in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered 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 report on Wednesday, March 5th. Evercore ISI decreased their price target 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. Barclays decreased their price target on Best Buy from $89.00 to $74.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Best Buy in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $86.11.
View Our Latest Stock Report on Best Buy
Best Buy Stock Up 1.1%
Shares of BBY traded up $0.74 during mid-day trading on Monday, reaching $70.41. The company's stock had a trading volume of 3,325,130 shares, compared to its average volume of 3,320,046. 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 1 year low of $54.99 and a 1 year high of $103.71. The business has a fifty day moving average of $66.96 and a 200 day moving average of $78.47. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 2.10 and a beta of 1.25.
Best Buy (NYSE:BBY - Get Free Report) last released its earnings results on Thursday, May 29th. The technology retailer reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.06. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share.
Institutional Investors Weigh In On Best Buy
A number of institutional investors have recently added to or reduced their stakes in BBY. Raymond James Financial Inc. acquired a new stake in Best Buy during the fourth quarter valued at approximately $514,483,000. Norges Bank acquired a new stake in Best Buy during the fourth quarter valued at approximately $178,015,000. Pacer Advisors Inc. boosted its holdings in Best Buy by 3,890.0% during the first quarter. Pacer Advisors Inc. now owns 1,023,677 shares of the technology retailer's stock valued at $75,353,000 after purchasing an additional 998,021 shares in the last quarter. Northern Trust Corp boosted its holdings in Best Buy by 31.3% during the fourth quarter. Northern Trust Corp now owns 2,942,832 shares of the technology retailer's stock valued at $252,495,000 after purchasing an additional 701,287 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Best Buy by 36.5% during the first quarter. AQR Capital Management LLC now owns 2,510,476 shares of the technology retailer's stock valued at $181,357,000 after purchasing an additional 671,408 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Kathleen Scarlett sold 6,847 shares of Best Buy stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $72.65, for a total transaction of $497,434.55. Following the sale, the executive vice president now directly owns 87,389 shares of the company's stock, valued at $6,348,810.85. This trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd G. Hartman sold 4,893 shares of Best Buy stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $72.65, for a total value of $355,476.45. Following the sale, the insider now directly owns 32,320 shares in the company, valued at approximately $2,348,048. This trade represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,355 shares of company stock valued at $5,767,213 over the last three months. 0.59% of the stock is owned by corporate insiders.
Best Buy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 19th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, June 18th. Best Buy's dividend payout ratio (DPR) is presently 92.91%.
Best Buy Company Profile
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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.
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