Telsey Advisory Group Lowers Earnings Estimates for Best Buy

Best Buy Co., Inc. (NYSE:BBY) – Telsey Advisory Group dropped their Q1 2026 earnings per share (EPS) estimates for Best Buy in a research report issued to clients and investors on Wednesday, March 5th. Telsey Advisory Group analyst J. Feldman now expects that the technology retailer will post earnings per share of $1.06 for the quarter, down from their previous estimate of $1.25. Telsey Advisory Group currently has a “Outperform” rating and a $100.00 price target 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 announced its quarterly earnings results 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. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The business had revenue of $13.95 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same period in the previous year, the company earned $2.72 EPS.

Other equities research analysts have also issued research reports about the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Best Buy in a research note on Wednesday. UBS Group reaffirmed a “buy” rating and issued a $105.00 price target (down previously from $115.00) on shares of Best Buy in a research report on Friday, February 28th. Wedbush reissued a “neutral” rating and set a $90.00 price objective on shares of Best Buy in a report on Monday. JPMorgan Chase & Co. reduced their target price on Best Buy from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Piper Sandler lowered their price target on Best Buy from $102.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.50.

Best Buy Price Performance

NYSE BBY opened at $75.36 on Thursday. The company has a 50 day moving average price of $85.97 and a two-hundred day moving average price of $90.51. Best Buy has a 12-month low of $69.29 and a 12-month high of $103.71. The stock has a market capitalization of $16.11 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Best Buy

Several institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Best Buy in the third quarter valued at approximately $40,000. National Pension Service grew its position in Best Buy by 18.1% in 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. increased its stake in Best Buy by 27.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock valued at $9,332,000 after buying an additional 19,405 shares during the last quarter. QRG Capital Management Inc. lifted its position in Best Buy by 10.5% during the 3rd quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after buying an additional 3,025 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in shares of Best Buy during the 3rd quarter worth about $817,000. Institutional investors own 80.96% of the company’s stock.

Insider Buying and Selling at Best Buy

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

Best Buy Increases Dividend

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

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.