FY2025 Earnings Forecast for Best Buy Issued By DA Davidson

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at DA Davidson upped their FY2025 EPS estimates for Best Buy in a research report issued on Monday, January 13th. DA Davidson analyst M. Baker now forecasts that the technology retailer will post earnings of $6.21 per share for the year, up from their prior estimate of $6.18. DA Davidson has a “Buy” rating and a $117.00 price objective 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 $6.75 EPS.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, November 26th. The technology retailer reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.04). Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The firm had revenue of $9.45 billion during the quarter, compared to analysts’ expectations of $9.63 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis.

A number of other brokerages also recently issued reports on BBY. Telsey Advisory Group cut their target price on Best Buy from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, November 26th. StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. boosted their target price on shares of Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Loop Capital reiterated a “buy” rating and issued a $100.00 price target on shares of Best Buy in a report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.72.

Best Buy Trading Down 2.0 %

Shares of Best Buy stock opened at $82.66 on Wednesday. Best Buy has a 52-week low of $69.29 and a 52-week high of $103.71. The company’s 50-day simple moving average is $87.60 and its 200-day simple moving average is $90.20. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.19 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.

Best Buy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.94 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.76 annualized dividend and a dividend yield of 4.55%. Best Buy’s dividend payout ratio is presently 64.27%.

Insider Buying and Selling

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’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 transaction, the chief financial officer now directly owns 92,070 shares in the company, valued at $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Institutional Trading of Best Buy

Institutional investors and hedge funds have recently bought and sold shares of the business. Richardson Financial Services Inc. grew its stake in Best Buy by 190.9% during the second quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer’s stock worth $27,000 after buying an additional 210 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Best Buy in the 3rd quarter valued at $40,000. LRI Investments LLC lifted its holdings in shares of Best Buy by 632.1% during the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Best Buy by 50.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 493 shares of the technology retailer’s stock worth $42,000 after purchasing an additional 166 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Best Buy in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

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.