FY2025 Earnings Estimate for Best Buy Issued By DA Davidson

Best Buy Co., Inc. (NYSE:BBY) – Analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Best Buy in a research report issued to clients and investors on Wednesday, November 27th. DA Davidson analyst M. Baker now anticipates that the technology retailer will earn $6.18 per share for the year, down from their prior forecast of $6.31. 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 $6.72 EPS.

Other research analysts also recently issued reports about the company. Wells Fargo & Company reduced their target price on Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 27th. UBS Group lowered their target price on shares of Best Buy from $123.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Evercore ISI boosted their price target on Best Buy from $90.00 to $94.00 and gave the company an “in-line” rating in a research note on Friday, August 30th. Melius Research initiated coverage on Best Buy in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 target price for the company. Finally, Telsey Advisory Group reduced their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.06.

Best Buy Stock Performance

Shares of BBY opened at $90.92 on Monday. Best Buy has a one year low of $69.29 and a one year high of $103.71. The company has a market cap of $19.52 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The firm has a 50-day moving average of $93.67 and a 200-day moving average of $89.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.34.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 annualized dividend and a yield of 4.14%. Best Buy’s dividend payout ratio (DPR) is currently 64.27%.

Hedge Funds Weigh In On Best Buy

Several large investors have recently bought and sold shares of the stock. Ninety One UK Ltd bought a new stake in shares of Best Buy in the 2nd quarter worth $121,325,000. Thrivent Financial for Lutherans boosted its holdings in Best Buy by 4,337.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,099,495 shares of the technology retailer’s stock worth $92,677,000 after purchasing an additional 1,074,718 shares during the last quarter. Bank of New York Mellon Corp grew its position in Best Buy by 55.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,863,291 shares of the technology retailer’s stock worth $241,347,000 after purchasing an additional 1,024,824 shares in the last quarter. AQR Capital Management LLC increased its stake in Best Buy by 55.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,379,195 shares of the technology retailer’s stock valued at $116,252,000 after buying an additional 491,781 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Best Buy by 17.0% during the 2nd quarter. Raymond James & Associates now owns 3,377,763 shares of the technology retailer’s stock worth $284,712,000 after buying an additional 490,801 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors.

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.