FY2025 EPS Estimates for Best Buy Decreased by Analyst

Best Buy Co., Inc. (NYSE:BBY) – Equities researchers at Zacks Research lowered their FY2025 EPS estimates for Best Buy in a research note issued to investors on Monday, December 16th. Zacks Research analyst R. Department now forecasts that the technology retailer will earn $6.20 per share for the year, down from their prior estimate of $6.26. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q4 2025 earnings at $2.40 EPS, Q2 2026 earnings at $1.42 EPS, Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $2.64 EPS, FY2026 earnings at $6.75 EPS, Q2 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.60 EPS and FY2027 earnings at $7.42 EPS.

A number of other research firms also recently weighed in on BBY. JPMorgan Chase & Co. raised their price target on shares of Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their target price on Best Buy from $95.00 to $116.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Citigroup decreased their price target on Best Buy from $109.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group cut their price objective on Best Buy from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 26th. Finally, BNP Paribas raised Best Buy to a “strong-buy” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.06.

Best Buy Price Performance

Shares of BBY opened at $87.50 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00. The firm has a market cap of $18.71 billion, a PE ratio of 14.96, a PEG ratio of 2.19 and a beta of 1.44. The firm’s 50 day moving average price is $91.14 and its 200 day moving average price is $90.61. Best Buy has a twelve month low of $69.29 and a twelve month high of $103.71.

Best Buy (NYSE:BBY) last issued its earnings results on Tuesday, November 26th. The technology retailer reported $1.26 earnings per share 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 analyst estimates of $9.63 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be issued a $0.94 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.30%. Best Buy’s dividend payout ratio is presently 64.27%.

Insider Activity at Best Buy

In related news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 approximately $8,052,442.20. This trade represents a 42.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Best Buy

Institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in Best Buy by 10.5% in the 3rd quarter. QRG Capital Management Inc. now owns 31,745 shares of the technology retailer’s stock worth $3,279,000 after buying an additional 3,025 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Best Buy by 27.4% in the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer’s stock worth $9,332,000 after acquiring an additional 19,405 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Best Buy by 13.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,564 shares of the technology retailer’s stock valued at $15,806,000 after acquiring an additional 18,171 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Best Buy during the third quarter valued at about $2,384,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Best Buy by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,164,953 shares of the technology retailer’s stock worth $636,840,000 after purchasing an additional 241,988 shares during the last quarter. 80.96% of the stock is currently owned by hedge funds and other 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.