Zacks Research Has Negative View of Best Buy FY2025 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Stock analysts at Zacks Research dropped their FY2025 EPS estimates for shares of Best Buy in a note issued to investors on Monday, December 16th. Zacks Research analyst R. Department now anticipates that the technology retailer will post earnings per share of $6.20 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.

BBY has been the topic of a number of other research reports. Evercore ISI lifted their price target on shares of Best Buy from $90.00 to $94.00 and gave the company an “in-line” rating in a research report on Friday, August 30th. Citigroup dropped their target price 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. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Best Buy in a report on Tuesday, October 15th. Guggenheim dropped their price objective on Best Buy from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Finally, StockNews.com downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.06.

Best Buy Stock Down 1.7 %

BBY opened at $86.01 on Wednesday. The firm has a market cap of $18.39 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.44. 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 business has a 50 day moving average price of $90.89 and a 200 day moving average price of $90.58. Best Buy has a twelve month low of $69.29 and a twelve month high of $103.71.

Best Buy (NYSE:BBY) last posted 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 company had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $9.63 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. Best Buy’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.29 earnings per share.

Institutional Investors Weigh In On Best Buy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Best Buy by 4,337.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,099,495 shares of the technology retailer’s stock worth $92,677,000 after acquiring an additional 1,074,718 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Best Buy by 55.7% in the second 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 grew its holdings in shares of Best Buy by 55.4% during the second quarter. AQR Capital Management LLC now owns 1,379,195 shares of the technology retailer’s stock worth $116,252,000 after purchasing an additional 491,781 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Best Buy by 817.4% in the third quarter. National Bank of Canada FI now owns 537,886 shares of the technology retailer’s stock valued at $55,564,000 after buying an additional 479,256 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of Best Buy in the second quarter valued at about $31,603,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s stock in a transaction 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 in the company, valued at $8,052,442.20. This represents 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 hyperlink. Corporate insiders own 0.59% of the company’s stock.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Tuesday, December 17th. Best Buy’s dividend payout ratio (DPR) is presently 64.27%.

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.