Q1 EPS Estimates for Best Buy Cut by Telsey Advisory Group

Best Buy Co., Inc. (NYSE:BBY) – Telsey Advisory Group reduced their Q1 2026 EPS estimates for shares of Best Buy in a note issued to investors on Wednesday, March 5th. Telsey Advisory Group analyst J. Feldman now expects that the technology retailer will earn $1.06 per share for the quarter, down from their prior estimate of $1.25. Telsey Advisory Group currently has a “Outperform” rating and a $100.00 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 Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.36 EPS, Q4 2026 earnings at $2.69 EPS, FY2026 earnings at $6.44 EPS and FY2027 earnings at $7.08 EPS.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.18. The firm had revenue of $13.95 billion for the quarter, compared to analyst estimates 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 earned $2.72 earnings per share.

Several other equities analysts also recently commented on the company. Bank of America decreased their target price on Best Buy from $80.00 to $75.00 and set an “underperform” rating on the stock in a research report on Wednesday. Barclays decreased their price objective on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Wells Fargo & Company dropped their target price on Best Buy from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday. Jefferies Financial Group decreased their price target on shares of Best Buy from $106.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of Best Buy from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.50.

Best Buy Price Performance

NYSE:BBY opened at $75.36 on Thursday. 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. The firm’s fifty day moving average price is $85.97 and its two-hundred day moving average price is $90.51. Best Buy has a one year low of $69.29 and a one year high of $103.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22.

Best Buy Increases Dividend

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

Insider Buying and Selling at Best Buy

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the transaction, the chief financial officer now owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This represents a 42.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.59% of the company’s stock.

Institutional Trading of Best Buy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Best Buy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 22,982,608 shares of the technology retailer’s stock worth $1,971,908,000 after acquiring an additional 191,161 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Best Buy by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,560,368 shares of the technology retailer’s stock worth $562,880,000 after purchasing an additional 395,415 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Best Buy in the fourth quarter worth $514,483,000. Geode Capital Management LLC increased its holdings in Best Buy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 5,092,820 shares of the technology retailer’s stock valued at $436,210,000 after purchasing an additional 239,840 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Best Buy by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,824,425 shares of the technology retailer’s stock worth $328,136,000 after purchasing an additional 459,353 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.