DA Davidson Has Bullish Outlook for Best Buy FY2025 Earnings

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

A number of other brokerages have also commented on BBY. Citigroup cut their price objective on shares of Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company reduced their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Truist Financial reduced their target price on Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Finally, Morgan Stanley dropped their price target on shares of Best Buy from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.72.

Best Buy Price Performance

Shares of BBY stock opened at $91.02 on Monday. The firm has a fifty day simple moving average of $85.84 and a 200-day simple moving average of $90.17. The company has a market capitalization of $19.46 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.43. Best Buy has a twelve month low of $69.29 and a twelve month high of $103.71. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37.

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

Best Buy Dividend Announcement

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

Insider Activity

In related news, CFO Matthew M. Bilunas sold 69,166 shares of the 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 completion of the transaction, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This represents a 42.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Best Buy during the fourth quarter valued at about $514,483,000. Norges Bank acquired a new stake in shares of Best Buy in the 4th quarter worth approximately $178,015,000. Northern Trust Corp boosted its holdings in shares of Best Buy by 31.3% in the fourth quarter. Northern Trust Corp now owns 2,942,832 shares of the technology retailer’s stock valued at $252,495,000 after acquiring an additional 701,287 shares in the last quarter. Invesco Ltd. increased its stake in shares of Best Buy by 20.5% during the fourth quarter. Invesco Ltd. now owns 3,692,118 shares of the technology retailer’s stock valued at $316,784,000 after acquiring an additional 629,180 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Best Buy by 101.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,114,928 shares of the technology retailer’s stock worth $95,661,000 after purchasing an additional 561,413 shares in the last quarter. 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.