DA Davidson Issues Optimistic Estimate for Best Buy Earnings

Best Buy Co., Inc. (NYSE:BBY - Free Report) - Equities research analysts at DA Davidson upped their Q4 2025 EPS estimates for shares of Best Buy in a research report issued on Monday, January 13th. DA Davidson analyst M. Baker now anticipates that the technology retailer will post earnings of $2.45 per share for the quarter, up from their prior estimate of $2.43. DA Davidson has a "Buy" rating and a $117.00 price objective on the stock. The consensus estimate for Best Buy's current full-year earnings is $6.18 per share.

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

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Best Buy from a "buy" rating to a "hold" rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped their target price on Best Buy from $111.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Guggenheim cut their target price on shares of Best Buy from $110.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Citigroup reduced their price objective on shares of Best Buy from $109.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Barclays reduced their target price on shares of Best Buy from $95.00 to $89.00 and set an "equal weight" rating for the company in a report on Thursday, January 9th. One equities 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.72.

Best Buy Trading Down 2.0 %

Shares of BBY stock traded down $1.65 during trading hours on Tuesday, reaching $82.66. 1,942,944 shares of the stock were exchanged, compared to its average volume of 2,368,055. 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 has a 12-month low of $69.29 and a 12-month high of $103.71. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company's 50-day moving average price is $87.80 and its 200-day moving average price is $90.21.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Tuesday, December 17th. Best Buy's payout ratio is currently 64.27%.

Insider Activity

In other news, CFO Matthew M. Bilunas sold 69,166 shares of Best Buy 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 sale, the chief financial officer now directly owns 92,070 shares of the company's stock, valued at $8,052,442.20. The trade was a 42.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Best Buy

A number of large investors have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings 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 valued at $3,279,000 after acquiring an additional 3,025 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Best Buy by 27.4% during the third quarter. Asset Management One Co. Ltd. now owns 90,341 shares of the technology retailer's stock worth $9,332,000 after buying an additional 19,405 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 acquiring an additional 18,171 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Best Buy during the 3rd quarter worth $2,384,000. Finally, Toronto Dominion Bank boosted its position in shares of Best Buy by 82.2% during the 3rd quarter. Toronto Dominion Bank now owns 102,292 shares of the technology retailer's stock valued at $10,567,000 after acquiring an additional 46,152 shares during 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.