What is DA Davidson's Estimate for Best Buy Q2 Earnings?

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities researchers at DA Davidson issued their Q2 2026 EPS estimates for Best Buy in a report released 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 currently has a "Buy" rating and a $110.00 target price 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.

Best Buy (NYSE:BBY - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology retailer reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.06. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $8.77 billion. During the same quarter in the previous year, the company posted $1.20 EPS. Best Buy's revenue was down .9% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. BNP Paribas upgraded shares of Best Buy to a "hold" rating in a research report on Friday, May 30th. Bank of America dropped their price objective on shares of Best Buy from $80.00 to $75.00 and set an "underperform" rating for the company in a research report on Wednesday, March 5th. Piper Sandler dropped their price objective on shares of Best Buy from $92.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. UBS Group dropped their price objective on shares of Best Buy from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Best Buy from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $86.11.

Best Buy Trading Up 1.1%

BBY stock traded up $0.74 during trading on Monday, hitting $70.41. The company 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. The firm has a 50-day moving average price of $66.96 and a 200-day moving average price of $78.47. Best Buy has a 12 month low of $54.99 and a 12 month high of $103.71. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.10 and a beta of 1.25.

Institutional Investors Weigh In On Best Buy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in Best Buy by 5.2% during the 4th quarter. IFP Advisors Inc now owns 2,538 shares of the technology retailer's stock worth $218,000 after buying an additional 125 shares in the last quarter. Mariner LLC lifted its position in Best Buy by 0.3% during the 4th quarter. Mariner LLC now owns 43,215 shares of the technology retailer's stock worth $3,708,000 after buying an additional 129 shares in the last quarter. LRI Investments LLC lifted its position in Best Buy by 36.3% during the 4th quarter. LRI Investments LLC now owns 529 shares of the technology retailer's stock worth $45,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC lifted its position in Best Buy by 19.7% during the 4th quarter. Rothschild Investment LLC now owns 861 shares of the technology retailer's stock worth $74,000 after buying an additional 142 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in Best Buy by 5.0% during the 4th quarter. Independent Advisor Alliance now owns 3,002 shares of the technology retailer's stock worth $258,000 after buying an additional 142 shares in the last quarter. 80.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Best Buy news, insider Todd G. Hartman sold 4,893 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $72.65, for a total transaction of $355,476.45. Following the sale, the insider now directly owns 32,320 shares of the company's stock, valued at $2,348,048. The trade was a 13.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mathew Watson sold 3,182 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.29, for a total transaction of $226,844.78. Following the sale, the chief accounting officer now directly owns 19,218 shares in the company, valued at $1,370,051.22. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,355 shares of company stock valued at $5,767,213. Company insiders own 0.59% of the company's stock.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 19th will be paid a $0.95 dividend. 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 payout ratio is presently 92.91%.

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.