DA Davidson Issues Optimistic Forecast for Best Buy Earnings

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities researchers at DA Davidson upped their FY2025 EPS estimates for Best Buy in a report issued on Friday, February 14th. DA Davidson analyst M. Baker now anticipates that the technology retailer will post earnings per share of $6.22 for the year, up from their prior estimate of $6.21. 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 Q4 2025 earnings at $2.46 EPS and FY2026 earnings at $6.76 EPS.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Best Buy from $111.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Loop Capital reissued a "buy" rating and set a $100.00 price objective on shares of Best Buy in a report on Wednesday, December 18th. Telsey Advisory Group decreased their price objective on shares of Best Buy from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Tuesday, November 26th. Truist Financial decreased their price objective on shares of Best Buy from $107.00 to $95.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Finally, Guggenheim decreased their price objective on shares of Best Buy from $110.00 to $105.00 and set a "buy" rating for the company in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $101.72.

Best Buy Trading Down 0.1 %

NYSE:BBY traded down $0.12 during trading hours on Monday, reaching $90.98. 3,447,801 shares of the company were exchanged, compared to its average volume of 2,454,895. The stock has a 50 day simple moving average of $86.00 and a 200 day simple moving average of $90.23. Best Buy has a 52-week low of $69.29 and a 52-week 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. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.13 and a beta of 1.43.

Best Buy (NYSE:BBY - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $9.63 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, December 17th. Best Buy's payout ratio is 64.27%.

Insider Buying and Selling at Best Buy

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the sale, the chief financial officer now directly owns 92,070 shares in the company, valued at approximately $8,052,442.20. The trade was a 42.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Best Buy

A number of hedge funds and other institutional investors have recently made changes to their positions in BBY. Rakuten Securities Inc. boosted its holdings in Best Buy by 971.9% during the fourth quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer's stock worth $29,000 after buying an additional 311 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Best Buy in the 4th quarter valued at about $32,000. Atlas Capital Advisors Inc. increased its holdings in shares of Best Buy by 186.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer's stock valued at $32,000 after purchasing an additional 243 shares during the period. Ancora Advisors LLC increased its holdings in shares of Best Buy by 18,700.0% in the 4th quarter. Ancora Advisors LLC now owns 376 shares of the technology retailer's stock valued at $32,000 after purchasing an additional 374 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Best Buy in the 4th quarter valued at about $34,000. 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.