What is DA Davidson's Forecast for Best Buy Q3 Earnings?

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Analysts at DA Davidson lifted their Q3 2025 earnings per share (EPS) estimates for Best Buy in a research report issued to clients and investors on Wednesday, October 16th. DA Davidson analyst M. Baker now forecasts that the technology retailer will post earnings of $1.30 per share for the quarter, up from their previous forecast of $1.27. 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 $6.28 per share. DA Davidson also issued estimates for Best Buy's FY2025 earnings at $6.31 EPS and FY2026 earnings at $6.92 EPS.

Best Buy (NYSE:BBY - Get Free Report) last posted its earnings results on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.18. The company had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.23 billion. Best Buy had a net margin of 2.96% and a return on equity of 47.19%. Best Buy's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share.

A number of other brokerages have also weighed in on BBY. BNP Paribas upgraded Best Buy to a "strong-buy" rating in a research note on Thursday, August 29th. Bank of America raised their price target on shares of Best Buy from $70.00 to $80.00 and gave the stock an "underperform" rating in a report on Friday, August 30th. UBS Group upped their target price on Best Buy from $106.00 to $123.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Citigroup boosted their price target on Best Buy from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Wedbush raised their price objective on Best Buy from $85.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Best Buy presently has a consensus rating of "Moderate Buy" and an average target price of $103.71.

Best Buy Stock Down 2.4 %

BBY stock traded down $2.41 on Thursday, hitting $96.27. 2,392,938 shares of the company's stock were exchanged, compared to its average volume of 3,038,969. The firm has a 50 day moving average price of $94.84 and a two-hundred day moving average price of $86.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01. Best Buy has a 12-month low of $62.30 and a 12-month high of $103.71. The stock has a market cap of $20.77 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.58 and a beta of 1.46.

Institutional Investors Weigh In On Best Buy

A number of hedge funds have recently modified their holdings of BBY. HighPoint Advisor Group LLC purchased a new stake in Best Buy in the 4th quarter valued at about $231,000. CWM LLC raised its position in Best Buy by 14.0% in the first quarter. CWM LLC now owns 3,457 shares of the technology retailer's stock valued at $284,000 after purchasing an additional 424 shares during the period. Los Angeles Capital Management LLC raised its position in Best Buy by 82.1% in the first quarter. Los Angeles Capital Management LLC now owns 10,095 shares of the technology retailer's stock valued at $828,000 after purchasing an additional 4,550 shares during the period. GAMMA Investing LLC lifted its stake in Best Buy by 62.3% during the first quarter. GAMMA Investing LLC now owns 1,141 shares of the technology retailer's stock worth $94,000 after purchasing an additional 438 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Best Buy in the first quarter valued at $169,000. Hedge funds and other institutional investors own 80.96% of the company's stock.

Insider Transactions at Best Buy

In related news, Chairman Richard M. Schulze sold 88,542 shares of the firm's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $88.25, for a total value of $7,813,831.50. Following the transaction, the chairman now directly owns 13,602,853 shares of the company's stock, valued at approximately $1,200,451,777.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Richard M. Schulze sold 600,000 shares of the company's stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $88.29, for a total value of $52,974,000.00. Following the completion of the sale, the chairman now directly owns 14,002,853 shares in the company, valued at $1,236,311,891.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard M. Schulze sold 88,542 shares of the business's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $88.25, for a total value of $7,813,831.50. Following the transaction, the chairman now directly owns 13,602,853 shares in the company, valued at $1,200,451,777.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company's stock.

Best Buy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 19th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, September 19th. Best Buy's payout ratio is currently 65.85%.

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.