FY2025 EPS Estimates for Best Buy Cut by Zacks Research

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Analysts at Zacks Research dropped their FY2025 earnings per share (EPS) estimates for shares of Best Buy in a research note issued to investors on Monday, December 16th. Zacks Research analyst R. Department now anticipates that the technology retailer will post earnings of $6.20 per share for the year, down from their prior forecast of $6.26. The consensus estimate for Best Buy's current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy's Q4 2025 earnings at $2.40 EPS, Q2 2026 earnings at $1.42 EPS, Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $2.64 EPS, FY2026 earnings at $6.75 EPS, Q2 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.60 EPS and FY2027 earnings at $7.42 EPS.

Several other equities analysts have also recently commented on the stock. Wedbush raised their target price on shares of Best Buy from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Telsey Advisory Group lowered their price objective on shares of Best Buy from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 26th. Piper Sandler reaffirmed an "overweight" rating and set a $114.00 price target (up from $100.00) on shares of Best Buy in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Best Buy from $111.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, StockNews.com lowered Best Buy from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.06.

Best Buy Stock Performance

Shares of NYSE:BBY traded up $1.56 on Wednesday, hitting $89.04. The company's stock had a trading volume of 970,354 shares, compared to its average volume of 3,077,338. Best Buy has a 12 month low of $69.29 and a 12 month high of $103.71. The stock's 50-day moving average is $91.14 and its two-hundred day moving average is $90.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.44.

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

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 annualized dividend and a dividend yield of 4.22%. Best Buy's dividend payout ratio (DPR) is presently 64.27%.

Insider Activity

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy stock in a transaction on 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 completion of the sale, the chief financial officer now owns 92,070 shares of the company's stock, valued at $8,052,442.20. This trade represents a 42.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Best Buy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Richardson Financial Services Inc. lifted its stake in Best Buy by 190.9% in the second quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer's stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Best Buy during the 3rd quarter valued at $40,000. LRI Investments LLC lifted its stake in shares of Best Buy by 632.1% in the 3rd quarter. LRI Investments LLC now owns 388 shares of the technology retailer's stock valued at $40,000 after purchasing an additional 335 shares during the last quarter. Innealta Capital LLC bought a new stake in Best Buy in the second quarter worth $35,000. Finally, Brooklyn Investment Group acquired a new position in Best Buy during the third quarter worth $44,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

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.