Research Analysts Offer Predictions for Best Buy Q2 Earnings

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities researchers at DA Davidson issued their Q2 2026 earnings per share estimates for Best Buy in a research report issued on Friday, May 30th. DA Davidson analyst M. Baker anticipates that the technology retailer will post earnings of $1.21 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 FY2026 earnings at $6.19 EPS and FY2027 earnings at $6.81 EPS.

A number of other research firms also recently weighed in on BBY. Loop Capital dropped their price target on Best Buy from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday. Guggenheim reaffirmed a "buy" rating and set a $90.00 target price on shares of Best Buy in a research report on Friday. Wedbush reduced their price target on shares of Best Buy from $75.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday. KeyCorp restated a "sector weight" rating on shares of Best Buy in a report on Wednesday, March 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Best Buy in a research note on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $86.11.

Best Buy Stock Up 2.3%

Shares of BBY stock traded up $1.54 on Monday, reaching $69.81. 4,006,722 shares of the company were exchanged, compared to its average volume of 3,740,622. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. The company has a 50-day moving average of $67.12 and a 200-day moving average of $78.59. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 2.10 and a beta of 1.27. Best Buy has a one year low of $54.99 and a one year high of $103.71.

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 for the quarter, compared to the consensus estimate of $8.77 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. Best Buy's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS.

Best Buy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 dividend yield of 5.44%. The ex-dividend date is Wednesday, June 18th. Best Buy's dividend payout ratio is currently 88.99%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Best Buy

A number of institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its stake in Best Buy by 108.5% in the 1st quarter. Pinnacle Bancorp Inc. now owns 342 shares of the technology retailer's stock worth $25,000 after buying an additional 178 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Best Buy by 971.9% during the fourth quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer's stock valued at $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 4th quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in Best Buy during the 4th quarter valued at $32,000. Finally, Atlas Capital Advisors Inc. raised its stake in shares of Best Buy by 186.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer's stock valued at $32,000 after acquiring an additional 243 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

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.