Texas Permanent School Fund Corp Has $2.06 Million Stock Holdings in Best Buy Co., Inc. $BBY

Texas Permanent School Fund Corp boosted its stake in Best Buy Co., Inc. (NYSE:BBY) by 48.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,650 shares of the technology retailer’s stock after buying an additional 9,988 shares during the period. Texas Permanent School Fund Corp’s holdings in Best Buy were worth $2,058,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Best Buy in the second quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in Best Buy in the 2nd quarter valued at $33,000. MUFG Securities EMEA plc acquired a new position in Best Buy in the 2nd quarter valued at $38,000. Maseco LLP acquired a new position in Best Buy in the 2nd quarter valued at $39,000. Finally, Bogart Wealth LLC increased its position in Best Buy by 202.0% during the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after buying an additional 404 shares during the period. 80.96% of the stock is owned by institutional investors.

More Best Buy News

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

Wall Street Analysts Forecast Growth

BBY has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of Best Buy from $93.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Truist Financial set a $77.00 target price on shares of Best Buy in a research report on Wednesday. Barclays raised their target price on shares of Best Buy from $74.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. BNP Paribas Exane cut their price target on Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Wedbush restated a “neutral” rating and set a $75.00 price objective on shares of Best Buy in a research note on Thursday, November 20th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Best Buy currently has a consensus rating of “Hold” and an average price target of $84.11.

Insider Transactions at Best Buy

In other Best Buy news, Chairman Richard M. Schulze sold 500,000 shares of Best Buy stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the transaction, the chairman owned 12,486,904 shares in the company, valued at $1,009,316,450.32. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,534,993 shares of company stock valued at $126,626,855 in the last quarter. Insiders own 0.47% of the company’s stock.

Best Buy Stock Performance

Shares of NYSE:BBY opened at $71.76 on Monday. The company’s 50 day simple moving average is $77.53 and its 200 day simple moving average is $73.76. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $91.68.

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

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 annualized dividend and a yield of 5.3%. Best Buy’s dividend payout ratio (DPR) is 125.83%.

Best Buy Company Profile

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.