Best Buy Co., Inc. $BBY Shares Acquired by Cwm LLC

Cwm LLC increased its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 272.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,842 shares of the technology retailer’s stock after purchasing an additional 134,508 shares during the quarter. Cwm LLC owned 0.09% of Best Buy worth $13,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its position in shares of Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Best Buy in the second quarter worth approximately $26,000. CYBER HORNET ETFs LLC acquired a new position in Best Buy during the 2nd quarter worth approximately $33,000. MUFG Securities EMEA plc acquired a new position in Best Buy during the 2nd quarter worth approximately $38,000. Finally, Maseco LLP purchased a new stake in shares of Best Buy in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Insider Activity at Best Buy

In other news, Chairman Richard M. Schulze sold 74,553 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $84.31, for a total transaction 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 represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,534,993 shares of company stock valued at $126,626,855 over the last three months. 0.59% of the stock is currently owned by corporate insiders.

Best Buy Trading Down 0.2%

NYSE:BBY opened at $69.59 on Monday. The company has a market capitalization of $14.58 billion, a PE ratio of 23.04, a P/E/G ratio of 1.76 and a beta of 1.37. Best Buy Co., Inc. has a 52-week low of $54.99 and a 52-week high of $91.68. The stock’s 50 day moving average price is $76.71 and its 200 day moving average price is $73.66. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.09. The business had revenue of $9.67 billion during 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 company’s revenue was up 2.4% compared to the same quarter last year. 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. On average, research analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a yield of 5.5%. Best Buy’s payout ratio is currently 125.83%.

Analysts Set New Price Targets

BBY has been the subject of several recent analyst reports. Wall Street Zen raised shares of Best Buy from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Barclays lifted their price target on Best Buy from $74.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. The Goldman Sachs Group dropped their price objective on Best Buy from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Argus reissued a “hold” rating on shares of Best Buy in a research report on Tuesday, September 16th. Finally, Daiwa Capital Markets upped their price target on Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 28th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Best Buy has an average rating of “Hold” and an average price target of $84.11.

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.