DA Davidson Has Positive Outlook of Best Buy FY2025 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Best Buy in a research note issued on Friday, February 14th. DA Davidson analyst M. Baker now expects that the technology retailer will post earnings of $6.22 per share for the year, up from their previous forecast 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.

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

Several other research firms also recently commented on BBY. Loop Capital reiterated a “buy” rating and issued a $100.00 price target on shares of Best Buy in a research report on Wednesday, December 18th. Guggenheim reduced their target price 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. UBS Group lowered their price target on Best Buy from $123.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Truist Financial lowered their target price on Best Buy from $107.00 to $95.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.72.

Best Buy Trading Down 0.1 %

BBY opened at $91.02 on Monday. 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 has a 52 week low of $69.29 and a 52 week high of $103.71. The business’s 50 day moving average is $85.84 and its two-hundred day moving average is $90.17. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.43.

Hedge Funds Weigh In On Best Buy

Several institutional investors have recently added to or reduced their stakes in BBY. Rakuten Securities Inc. grew its holdings in Best Buy by 971.9% in the fourth quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer’s stock valued at $29,000 after purchasing an additional 311 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Best Buy in the 4th quarter worth $32,000. Atlas Capital Advisors Inc. boosted its holdings in Best Buy by 186.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer’s stock valued at $32,000 after acquiring an additional 243 shares during the last quarter. Ancora Advisors LLC increased its stake in Best Buy by 18,700.0% during the fourth quarter. Ancora Advisors LLC now owns 376 shares of the technology retailer’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Best Buy in the 4th quarter worth about $34,000. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Best Buy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.76 annualized dividend and a dividend yield of 4.13%. Best Buy’s dividend payout ratio is currently 64.27%.

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.