U.S. Movers: AutoZone, Best Buy, Heidrick & Struggles, Okta, Target

Scott Peters
04 Mar, 2025
New York City

Best Buy Co. Inc. surged 3.5% to $89.77 after the electronic products retailer reported a 0.5% increase in comparable store sales during the fourth quarter ending on February 1.

Revenue declined to $13.95 billion from $14.65 billion, net earnings dropped to $117 million from $460 million, and earnings per diluted share fell to 54 cents from $2.12 a year ago.

Best Buy returned a total of $415 million to shareholders through dividends of $200 million and share repurchases of $215 million during the quarter.

The company proposed a 1% increase in its quarterly dividend to 95 cents per share, payable on April 15 to shareholders on record as of March 25.

For fiscal 2026, the company estimated revenue between $41.4 billion and $42.2 billion, compared to $41.53 billion in 2025, and adjusted earnings per diluted share between $6.20 and $6.60, compared to $6.37 in 2025.

Comparable sales growth is expected between zero and 2% in 2026.

AutoZone Inc. traded flat at $3,477 after the retailer of auto and truck parts, chemicals, and accessories reported a sales increase during the fiscal second quarter ending in February.

Net sales increased to $3.95 billion from $3.86 billion, net income dropped to $487.92 million from $515.03 million, and earnings per diluted share fell to $28.29 from $28.89 a year ago.

Total same-store sales, or sales for the company’s domestic and international stores open at least one year, rose 2.9% at constant currency.

Domestic same-store sales jumped 1.9%, while international sales dropped 8.2%, including the impacts from fluctuations of foreign exchange rates.

Okta Inc. surged 15.9% to $87.16 after the cybersecurity and identity management company's results surpassed market expectations in the fiscal fourth quarter of 2025.

Revenue increased to $670 million from $591 million, net income swung to a profit of $23 million from a loss of $44 million, and earnings per diluted share rose to 13 cents from a loss of 26 cents a year ago.

The company guided for the first quarter of 2026 revenue between $678 million and $680 million, up 10% from $617 million a year ago, and non-GAAP diluted net income per share between 76 cents and 77 cents, compared to 65 cents in the same quarter in fiscal 2025.

For the full year 2026, Okta estimated revenue between $2.85 billion and $2.86 billion, up 9% to 10% from $2.61 billion a year ago, and non-GAAP earnings per diluted share between $3.15 and $3.20, compared to $2.81 in 2025.

GitLab Inc. gained 1.9% to $57.32 after the provider of a software framework for web developers reported a revenue increase in the fourth quarter of fiscal 2025.

Revenue increased to $211.4 million from $163.8 million, net income rose to $10.78 million from a loss of $36.87 million, and earnings per diluted share jumped to 6 cents from a loss of 24 cents a year ago.

The company guided for the first quarter of 2026 revenue between $212 million and $213 million, up from $169.2 million a year ago, and non-GAAP earnings per diluted share between 14 cents and 15 cents, up from 3 cents in the same quarter in 2025.

For the full year 2026, GitLab estimated revenue between $936 million and $942 million, up from $759.2 million a year ago, and non-GAAP earnings per diluted share between 68 cents and 72 cents, compared to 74 cents in 2025.

Heidrick & Struggles International Inc. surged 5% to $41.59 after the staffing service company reported higher revenue in the fourth quarter of 2024.

Revenue climbed to $280.89 million from $257.39 million, net income swung to a loss of $14.98 million from a profit of $14.85 million, and loss per diluted share was 73 cents, compared to a profit of 72 cents a year ago.

The company proposed a 2025 first quarter cash dividend of 15 cents per share, payable on March 27 to shareholders on the register as of March 13.

Heidrick & Struggles guided for the first quarter of 2025 revenue between $263 million and $273 million, compared to $265 million a year ago.