Best Buy (NYSE:BBY) Posts Earnings Results, Beats Estimates By $0.06 EPS

Posted by Francis Steltz on May 28th, 2026

Best Buy (NYSE:BBY – Get Free Report) announced its earnings results on Thursday. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06, FiscalAI reports. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion.

Best Buy Stock Performance

Shares of Best Buy stock opened at $64.54 on Thursday. Best Buy has a one year low of $55.10 and a one year high of $84.99. The company has a market cap of $13.60 billion, a PE ratio of 12.81, a P/E/G ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 1.11. The business has a 50-day simple moving average of $61.74 and a 200-day simple moving average of $66.83.

Best Buy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th were given a dividend of $0.96 per share. This is a boost from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 24th. Best Buy’s dividend payout ratio is presently 76.19%.

Insider Transactions at Best Buy

In related news, insider Todd G. Hartman sold 5,339 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $341,802.78. Following the transaction, the insider directly owned 44,098 shares of the company’s stock, valued at $2,823,153.96. This trade represents a 10.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen Scarlett sold 8,049 shares of Best Buy stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $515,296.98. Following the sale, the executive vice president owned 102,669 shares in the company, valued at $6,572,869.38. This trade represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,247 shares of company stock valued at $4,945,353 over the last three months. 0.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BBY. Palisade Asset Management LLC acquired a new position in Best Buy in the 3rd quarter valued at about $25,000. Atlas Capital Advisors Inc. acquired a new position in shares of Best Buy during the 4th quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new position in shares of Best Buy during the 2nd quarter valued at about $33,000. MUFG Securities EMEA plc acquired a new position in shares of Best Buy during the 2nd quarter valued at about $38,000. Finally, DV Equities LLC acquired a new position in shares of Best Buy during the 4th quarter valued at about $38,000. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BBY. Jefferies Financial Group decreased their target price on Best Buy from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Citigroup decreased their price objective on Best Buy from $69.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Guggenheim restated a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a report on Wednesday, March 4th. Piper Sandler restated a “buy” rating on shares of Best Buy in a report on Wednesday, March 4th. Finally, Wells Fargo & Company decreased their price objective on Best Buy from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $70.25.

Check Out Our Latest Report on BBY

About Best Buy

(Get Free Report)

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.