Best Buy Co., Inc. Forecasted to Earn FY2025 Earnings of $5.78 Per Share (NYSE:BBY)

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at Wedbush dropped their FY2025 earnings per share estimates for shares of Best Buy in a report issued on Thursday, August 15th. Wedbush analyst S. Basham now forecasts that the technology retailer will earn $5.78 per share for the year, down from their previous estimate of $6.08. Wedbush currently has a “Neutral” rating and a $85.00 target price on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.11 per share. Wedbush also issued estimates for Best Buy’s Q4 2025 earnings at $2.41 EPS, FY2026 earnings at $6.82 EPS and FY2027 earnings at $7.77 EPS.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, May 30th. The technology retailer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.96 billion. Best Buy had a return on equity of 47.56% and a net margin of 2.90%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share.

A number of other analysts have also recently commented on BBY. Citigroup raised Best Buy from a “sell” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $100.00 in a research report on Monday, June 3rd. Evercore ISI upped their target price on Best Buy from $80.00 to $90.00 and gave the company an “in-line” rating in a research report on Friday, May 31st. Truist Financial reissued a “hold” rating and set a $86.00 price target on shares of Best Buy in a research report on Monday, July 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Best Buy in a report on Thursday, May 30th. Finally, UBS Group raised shares of Best Buy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $106.00 in a report on Monday, June 17th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Best Buy has an average rating of “Moderate Buy” and a consensus price target of $90.87.

Best Buy Trading Down 0.4 %

NYSE BBY opened at $84.74 on Monday. The stock has a market cap of $18.28 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.76 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Best Buy has a 12-month low of $62.30 and a 12-month high of $93.72. The company has a fifty day simple moving average of $85.85 and a two-hundred day simple moving average of $80.29.

Institutional Trading of Best Buy

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Best Buy during the 4th quarter worth $5,760,000. Louisiana State Employees Retirement System acquired a new position in Best Buy during the fourth quarter worth about $916,000. Daiwa Securities Group Inc. grew its stake in Best Buy by 6.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 17,456 shares of the technology retailer’s stock valued at $1,366,000 after acquiring an additional 1,005 shares in the last quarter. Western Wealth Management LLC raised its holdings in Best Buy by 4.6% in the 4th quarter. Western Wealth Management LLC now owns 11,271 shares of the technology retailer’s stock valued at $882,000 after acquiring an additional 494 shares during the last quarter. Finally, abrdn plc lifted its stake in Best Buy by 12.5% in the 4th quarter. abrdn plc now owns 770,020 shares of the technology retailer’s stock worth $60,277,000 after purchasing an additional 85,286 shares in the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Best Buy

In other news, EVP Jason J. Bonfig sold 3,500 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $83.02, for a total transaction of $290,570.00. Following the transaction, the executive vice president now owns 50,714 shares in the company, valued at approximately $4,210,276.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jason J. Bonfig sold 3,500 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $83.02, for a total transaction of $290,570.00. Following the completion of the sale, the executive vice president now owns 50,714 shares of the company’s stock, valued at $4,210,276.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard M. Schulze sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $80.21, for a total transaction of $80,210,000.00. Following the completion of the transaction, the chairman now directly owns 8,850 shares in the company, valued at $709,858.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,383,370 shares of company stock valued at $288,293,276. Company insiders own 0.59% of the company’s stock.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 20th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, June 20th. This represents a $3.76 dividend on an annualized basis and a yield of 4.44%. Best Buy’s dividend payout ratio is currently 65.85%.

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.