Wedbush Estimates Best Buy’s FY2025 Earnings (NYSE:BBY)

Best Buy Co., Inc. (NYSE:BBY) – Analysts at Wedbush cut their FY2025 earnings estimates for shares of Best Buy in a research report issued on Wednesday, November 27th. Wedbush analyst S. Basham now expects that the technology retailer will earn $6.18 per share for the year, down from their previous estimate of $6.25. Wedbush has a “Neutral” rating and a $95.00 price target on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Best Buy’s Q1 2026 earnings at $1.36 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $2.57 EPS, FY2026 earnings at $6.56 EPS and FY2027 earnings at $7.41 EPS.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.18. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 27th. DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Best Buy in a report on Tuesday, October 15th. Truist Financial cut their target price on shares of Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Barclays boosted their price target on shares of Best Buy from $81.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, StockNews.com downgraded Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.06.

Best Buy Price Performance

NYSE BBY opened at $90.00 on Monday. The business’s fifty day moving average is $93.81 and its 200 day moving average is $89.38. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.00. The company has a market capitalization of $19.33 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 dividend on an annualized basis and a yield of 4.18%. Best Buy’s payout ratio is 64.27%.

Hedge Funds Weigh In On Best Buy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in shares of Best Buy by 10.5% in the third quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after acquiring an additional 3,025 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Best Buy by 78.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,039 shares of the technology retailer’s stock valued at $172,000 after buying an additional 898 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Best Buy by 27.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock valued at $9,332,000 after buying an additional 19,405 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Best Buy by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 74,764 shares of the technology retailer’s stock worth $6,302,000 after acquiring an additional 7,663 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Best Buy by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,564 shares of the technology retailer’s stock worth $15,806,000 after purchasing an additional 18,171 shares in the last quarter. Hedge funds and other institutional investors 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.