Best Buy Co., Inc. $BBY Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Best Buy Co., Inc. (NYSE:BBY) by 46.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,288 shares of the technology retailer’s stock after buying an additional 44,989 shares during the period. Commonwealth Equity Services LLC owned approximately 0.07% of Best Buy worth $10,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Best Buy by 1.8% in the second quarter. Vanguard Group Inc. now owns 23,395,055 shares of the technology retailer’s stock worth $1,570,510,000 after purchasing an additional 419,312 shares in the last quarter. State Street Corp boosted its position in Best Buy by 3.8% during the second quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock valued at $927,753,000 after purchasing an additional 496,215 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Best Buy by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock valued at $472,495,000 after purchasing an additional 69,533 shares in the last quarter. Invesco Ltd. increased its position in Best Buy by 15.8% in the 2nd quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock worth $305,351,000 after purchasing an additional 621,863 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Best Buy by 39.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock worth $235,064,000 after purchasing an additional 991,141 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Stock Performance

Shares of BBY opened at $70.61 on Monday. The company has a market capitalization of $14.80 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.79 and a beta of 1.41. 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 one year low of $54.99 and a one year high of $91.68. The company’s fifty day moving average price is $74.02 and its 200 day moving average price is $73.68.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The company 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% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. As a group, analysts expect that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.4%. Best Buy’s payout ratio is 125.83%.

Analyst Ratings Changes

Several brokerages recently commented on BBY. Citigroup boosted their price target on Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley lifted their price objective on shares of Best Buy from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. UBS Group increased their target price on shares of Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Loop Capital raised their target price on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Best Buy currently has an average rating of “Hold” and a consensus price target of $83.89.

Insider Buying and Selling at Best Buy

In other news, Chairman Richard M. Schulze sold 74,553 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $84.31, for a total value of $6,285,563.43. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders 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 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.