Equities Analysts Offer Predictions for Best Buy Q2 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at Wedbush cut their Q2 2026 earnings estimates for Best Buy in a research report issued on Tuesday, March 4th. Wedbush analyst S. Basham now expects that the technology retailer will earn $1.22 per share for the quarter, down from their prior forecast of $1.28. Wedbush currently has a “Neutral” 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. Wedbush also issued estimates for Best Buy’s Q3 2026 earnings at $1.20 EPS and Q4 2026 earnings at $2.43 EPS.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Best Buy from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim decreased their target price on Best Buy from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price target on Best Buy from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday. Morgan Stanley lowered their price objective on Best Buy from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, DA Davidson reduced their target price on shares of Best Buy from $117.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.50.

Best Buy Trading Up 0.2 %

Best Buy stock opened at $75.36 on Thursday. The business has a 50-day simple moving average of $85.97 and a two-hundred day simple moving average of $90.51. Best Buy has a 52-week low of $69.29 and a 52-week 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 has a market cap of $16.11 billion, a P/E ratio of 12.88, a P/E/G ratio of 2.10 and a beta of 1.43.

Best Buy (NYSE:BBY) last released 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. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The firm had revenue of $13.95 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period last year, the business posted $2.72 EPS.

Best Buy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $3.80 dividend on an annualized basis and a yield of 5.04%. This is a boost from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s payout ratio is presently 88.99%.

Insider Buying and Selling at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s 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 transaction, the chief financial officer now directly owns 92,070 shares in the company, valued at approximately $8,052,442.20. This represents a 42.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Best Buy during the third quarter valued at approximately $40,000. National Pension Service boosted its position in Best Buy by 18.1% during the third quarter. National Pension Service now owns 397,504 shares of the technology retailer’s stock valued at $41,062,000 after purchasing an additional 60,880 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Best Buy by 27.4% in the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock valued at $9,332,000 after purchasing an additional 19,405 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Best Buy by 10.5% in the third quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Best Buy during the third quarter valued at about $817,000. 80.96% of the stock is owned by 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.