What is Wedbush’s Forecast for Best Buy FY2025 Earnings?

Best Buy Co., Inc. (NYSE:BBY) – Equities research analysts at Wedbush reduced their FY2025 earnings per share (EPS) estimates for shares of Best Buy in a report issued on Wednesday, November 27th. Wedbush analyst S. Basham now forecasts that the technology retailer will earn $6.18 per share for the year, down from their prior forecast of $6.25. Wedbush has a “Neutral” rating and a $95.00 price objective on the stock. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Wedbush also issued estimates for Best Buy’s Q1 2026 earnings at $1.36 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $2.57 EPS, FY2026 earnings at $6.56 EPS and FY2027 earnings at $7.41 EPS.

Several other research firms have also recently commented on BBY. Citigroup cut their price target on Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Guggenheim reduced their target price on Best Buy from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday. BNP Paribas raised shares of Best Buy to a “strong-buy” rating in a report on Thursday, August 29th. Wells Fargo & Company dropped their price target on Best Buy from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Best Buy presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Best Buy Price Performance

Shares of BBY stock opened at $90.92 on Monday. The firm has a fifty day simple moving average of $93.67 and a 200-day simple moving average of $89.50. The company has a market capitalization of $19.52 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. 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 0.34 and a debt-to-equity ratio of 0.37.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders 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 annualized dividend and a dividend yield of 4.14%. Best Buy’s dividend payout ratio is currently 64.27%.

Hedge Funds Weigh In On Best Buy

Hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd acquired a new position in shares of Best Buy in the 2nd quarter valued at $121,325,000. Thrivent Financial for Lutherans increased its position in shares of Best Buy by 4,337.6% in the second 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Best Buy by 55.7% during the second quarter. Bank of New York Mellon Corp now owns 2,863,291 shares of the technology retailer’s stock valued at $241,347,000 after acquiring an additional 1,024,824 shares during the period. AQR Capital Management LLC lifted its position in shares of Best Buy by 55.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,379,195 shares of the technology retailer’s stock valued at $116,252,000 after acquiring an additional 491,781 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Best Buy by 17.0% in the 2nd quarter. Raymond James & Associates now owns 3,377,763 shares of the technology retailer’s stock worth $284,712,000 after purchasing an additional 490,801 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.

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.