DA Davidson Analysts Lift Earnings Estimates for Best Buy

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at DA Davidson increased their Q3 2025 earnings per share estimates for Best Buy in a research note issued to investors on Wednesday, October 16th. DA Davidson analyst M. Baker now forecasts that the technology retailer will earn $1.30 per share for the quarter, up from their prior estimate of $1.27. 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 $6.28 per share. DA Davidson also issued estimates for Best Buy’s FY2025 earnings at $6.31 EPS and FY2026 earnings at $6.92 EPS.

Other equities research analysts have also recently issued research reports about the stock. Loop Capital raised their price objective on shares of Best Buy from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Melius Research assumed coverage on shares of Best Buy in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective for the company. Citigroup increased their target price on shares of Best Buy from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group lifted their price target on Best Buy from $106.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Bank of America increased their price target on Best Buy from $70.00 to $80.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.71.

Best Buy Stock Down 2.4 %

Best Buy stock opened at $96.27 on Thursday. The business’s 50-day moving average price is $95.11 and its 200 day moving average price is $86.07. The company has a quick ratio of 0.34, a current ratio of 1.01 and a debt-to-equity ratio of 0.37. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.58 and a beta of 1.46. Best Buy has a 52 week low of $62.30 and a 52 week high of $103.71.

Best Buy (NYSE:BBY) last posted its earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (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 the consensus estimate of $9.23 billion. Best Buy had a net margin of 2.96% and a return on equity of 47.19%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share.

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. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.76 dividend on an annualized basis and a yield of 3.91%. Best Buy’s payout ratio is 65.85%.

Insiders Place Their Bets

In related news, Chairman Richard M. Schulze sold 600,000 shares of the 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 owns 14,002,853 shares of the company’s stock, valued at approximately $1,236,311,891.37. This trade 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 can be accessed through this link. In related news, Chairman Richard M. Schulze sold 600,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were 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 owns 14,002,853 shares of the company’s stock, valued at approximately $1,236,311,891.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Richard M. Schulze sold 88,542 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $88.25, for a total transaction of $7,813,831.50. Following the sale, the chairman now owns 13,602,853 shares of the company’s stock, valued at $1,200,451,777.25. This 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Park Avenue Securities LLC raised its stake in shares of Best Buy by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 8,281 shares of the technology retailer’s stock valued at $855,000 after acquiring an additional 103 shares during the period. SeaCrest Wealth Management LLC lifted its stake in Best Buy by 4.6% during the third quarter. SeaCrest Wealth Management LLC now owns 2,675 shares of the technology retailer’s stock worth $276,000 after purchasing an additional 118 shares in the last quarter. Tobam boosted its position in shares of Best Buy by 15.6% during the second quarter. Tobam now owns 895 shares of the technology retailer’s stock worth $75,000 after buying an additional 121 shares during the period. Hoxton Planning & Management LLC grew its stake in shares of Best Buy by 3.7% in the third quarter. Hoxton Planning & Management LLC now owns 3,481 shares of the technology retailer’s stock valued at $360,000 after buying an additional 124 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Best Buy by 2.3% in the 2nd quarter. LVW Advisors LLC now owns 5,716 shares of the technology retailer’s stock valued at $482,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

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.