Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities research analysts at Zacks Research decreased their Q3 2025 earnings estimates for shares of Best Buy in a research note issued on Wednesday, September 18th. Zacks Research analyst R. Department now forecasts that the technology retailer will post earnings of $1.30 per share for the quarter, down from their previous estimate of $1.32. The consensus estimate for Best Buy's current full-year earnings is $6.26 per share. Zacks Research also issued estimates for Best Buy's FY2025 earnings at $6.26 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.48 EPS, Q3 2026 earnings at $1.48 EPS, Q4 2026 earnings at $2.70 EPS, FY2026 earnings at $6.91 EPS, Q1 2027 earnings at $1.38 EPS, Q2 2027 earnings at $1.61 EPS and FY2027 earnings at $7.56 EPS.
Best Buy (NYSE:BBY - Get Free Report) last released its earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.18. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.23 billion. During the same period in the prior year, the firm earned $1.22 EPS. The firm's revenue was down 3.1% on a year-over-year basis.
A number of other research firms have also issued reports on BBY. BNP Paribas raised shares of Best Buy to a "strong-buy" rating in a research report on Thursday, August 29th. Wells Fargo & Company lifted their price target on Best Buy from $80.00 to $95.00 and gave the company an "equal weight" rating in a research report on Friday, August 30th. Barclays upped their price objective on Best Buy from $81.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Friday, August 30th. UBS Group lifted their target price on shares of Best Buy from $106.00 to $123.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, DA Davidson boosted their target price on shares of Best Buy from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.56.
Check Out Our Latest Stock Analysis on BBY
Best Buy Stock Performance
Shares of BBY stock traded down $1.16 during mid-day trading on Friday, reaching $97.30. The stock had a trading volume of 3,241,344 shares, compared to its average volume of 3,102,165. The company has a current ratio of 1.01, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. Best Buy has a 1-year low of $62.30 and a 1-year high of $103.71. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.56 and a beta of 1.46. The business's fifty day moving average is $89.93 and its 200-day moving average is $83.32.
Institutional Trading of Best Buy
A number of hedge funds and other institutional investors have recently modified their holdings of BBY. Private Advisor Group LLC purchased a new stake in shares of Best Buy in the 4th quarter valued at approximately $328,000. ING Groep NV lifted its stake in shares of Best Buy by 61.5% in the 4th quarter. ING Groep NV now owns 5,612 shares of the technology retailer's stock valued at $439,000 after purchasing an additional 2,137 shares during the last quarter. Norges Bank acquired a new stake in shares of Best Buy during the 4th quarter worth about $165,164,000. Wells Fargo & Company MN lifted its position in Best Buy by 52.9% in the fourth quarter. Wells Fargo & Company MN now owns 212,594 shares of the technology retailer's stock valued at $16,642,000 after buying an additional 73,579 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Best Buy during the fourth quarter valued at about $3,474,000. 80.96% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Best Buy news, EVP Jason J. Bonfig sold 3,500 shares of the firm's stock in a transaction on Monday, July 8th. The stock was sold at an average price of $83.02, for a total value of $290,570.00. Following the transaction, the executive vice president now owns 50,714 shares in the company, valued at approximately $4,210,276.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Jason J. Bonfig sold 3,500 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $83.02, for a total value of $290,570.00. Following the completion of the sale, the executive vice president now directly owns 50,714 shares in the company, valued at $4,210,276.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard M. Schulze sold 691,328 shares of the business's stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $88.46, for a total transaction of $61,154,874.88. Following the transaction, the chairman now owns 14,911,525 shares in the company, valued at $1,319,073,501.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,383,370 shares of company stock worth $122,233,276. 0.59% of the stock is owned by corporate insiders.
Best Buy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, September 19th. Best Buy's dividend payout ratio is presently 65.85%.
About Best Buy
(
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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.
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