What is DA Davidson’s Forecast for Best Buy FY2025 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for shares of Best Buy in a research report issued to clients and investors on Monday, January 13th. DA Davidson analyst M. Baker now anticipates that the technology retailer will post earnings per share of $6.21 for the year, up from their previous estimate of $6.18. DA Davidson currently has a “Buy” rating and a $117.00 target price on the stock. 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 FY2026 earnings at $6.75 EPS.

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

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective 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 issued a $100.00 price target on shares of Best Buy in a research note on Wednesday, December 18th. StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Melius Research initiated coverage on Best Buy in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price on the stock. Finally, Citigroup reduced their target price on Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. One research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.72.

Best Buy Stock Up 0.4 %

Shares of NYSE BBY opened at $83.12 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $17.77 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The firm’s 50-day moving average is $87.60 and its 200-day moving average is $90.20. Best Buy has a 1 year low of $69.29 and a 1 year high of $103.71.

Hedge Funds Weigh In On Best Buy

Several hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC boosted its holdings in Best Buy by 94.9% during the second quarter. Private Advisor Group LLC now owns 5,829 shares of the technology retailer’s stock worth $491,000 after purchasing an additional 2,839 shares during the last quarter. American Century Companies Inc. lifted its position in Best Buy by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 274,514 shares of the technology retailer’s stock worth $23,139,000 after buying an additional 21,299 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Best Buy during the 2nd quarter worth about $286,000. William Blair Investment Management LLC bought a new position in shares of Best Buy in the 2nd quarter valued at about $918,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Best Buy by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 818,138 shares of the technology retailer’s stock valued at $68,961,000 after acquiring an additional 43,113 shares during the last quarter. 80.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the sale, the chief financial officer now 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.59% of the company’s stock.

Best Buy Dividend Announcement

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 $0.94 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.76 annualized dividend and a yield of 4.52%. 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.