Cyndeo Wealth Partners LLC Takes $7.35 Million Position in Best Buy Co., Inc. $BBY

Cyndeo Wealth Partners LLC bought a new position in Best Buy Co., Inc. (NYSE:BBY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 97,134 shares of the technology retailer’s stock, valued at approximately $7,345,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BBY. Oliver Lagore Vanvalin Investment Group purchased a new position in Best Buy in the 2nd quarter worth about $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Best Buy in the second quarter worth about $33,000. MUFG Securities EMEA plc purchased a new position in shares of Best Buy in the second quarter worth approximately $38,000. Maseco LLP acquired a new stake in shares of Best Buy during the second quarter valued at approximately $39,000. Finally, Bogart Wealth LLC lifted its position in shares of Best Buy by 202.0% in the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock valued at $41,000 after acquiring an additional 404 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Best Buy in a research report on Wednesday, October 8th. BNP Paribas Exane decreased their target price on Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Wells Fargo & Company upped their price target on Best Buy from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Bank of America reduced their price objective on Best Buy from $63.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, August 29th. Finally, UBS Group raised their price objective on Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.11.

Best Buy Stock Performance

Shares of BBY stock opened at $71.76 on Friday. Best Buy Co., Inc. has a fifty-two week low of $54.99 and a fifty-two week high of $91.68. The stock’s 50-day moving average is $77.53 and its two-hundred day moving average is $73.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26. The firm has a market cap of $15.04 billion, a P/E ratio of 23.76, a PEG ratio of 1.82 and a beta of 1.37.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The firm had revenue of $9.67 billion for the quarter, compared to the consensus estimate of $9.57 billion. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Analysts predict that Best Buy Co., Inc. will post 6.18 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a yield of 5.3%. Best Buy’s dividend payout ratio is 125.83%.

Key Stores Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Zacks raised FY‑2027 EPS and bumped several quarterly estimates (Q1, Q3, Q4 increases), signaling improved medium‑term earnings expectations that can support the stock; investors often reward consensus upgrades. MarketBeat BBY Zacks Coverage
• Positive Sentiment: A report noted Zacks increased its FY2026 EPS estimate for Best Buy, which reinforces near‑term upside to earnings expectations and can buoy sentiment. Best Buy FY2026 EPS Estimate Increased by Zacks Research
• Neutral Sentiment: Yahoo Finance recap/benchmark pieces on specialty retail review Best Buy’s Q3 performance in context of peers — useful for relative valuation and sector positioning but not an immediate catalyst. Specialty Retail Stocks Q3 Results: Benchmarking Best Buy
• Neutral Sentiment: Investopedia’s feature on the top companies Best Buy owns is background on the company’s investment stakes; informative for long‑term holders but unlikely to move the stock short‑term. Top 3 Companies Owned by Best Buy (BBY)
• Negative Sentiment: Truist lowered its price target to $77 from $84, a direct negative signal for valuation expectations that can pressure sentiment and cap upside. Best Buy price target lowered to $77 from $84 at Truist
• Negative Sentiment: Separately, Zacks trimmed its Q2‑2028 EPS estimate modestly (e.g., down to $1.53 from $1.57), a small near‑term earnings headwind that offsets some of the positive revisions. MarketBeat BBY Zacks Coverage

Insider Buying and Selling at Best Buy

In other Best Buy news, Chairman Richard M. Schulze sold 74,553 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total value of $6,285,563.43. Following the completion of the sale, the chairman owned 11,451,911 shares in the company, valued at approximately $965,510,616.41. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,534,993 shares of company stock valued at $126,626,855 in the last three months. 0.47% of the stock is currently owned by company insiders.

About Best Buy

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.