Evergreen Capital Management LLC Purchases Shares of 9,196 Best Buy Co., Inc. $BBY

Evergreen Capital Management LLC acquired a new position in shares of Best Buy Co., Inc. (NYSE:BBY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,196 shares of the technology retailer’s stock, valued at approximately $703,000.

Several other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after buying an additional 138 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Best Buy during the 2nd quarter worth about $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Best Buy during the 2nd quarter valued at about $38,000. Maseco LLP purchased a new position in shares of Best Buy in the 2nd quarter valued at about $39,000. Finally, Bogart Wealth LLC raised its holdings in Best Buy by 202.0% in the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after purchasing an additional 404 shares during the period. 80.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $84.31, for a total value of $6,285,563.43. Following the transaction, the chairman directly owned 11,451,911 shares of the company’s stock, valued at $965,510,616.41. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 709,157 shares of company stock valued at $59,379,260. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on BBY shares. Piper Sandler raised their price objective on Best Buy from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Citigroup lifted their price target on shares of Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. BNP Paribas Exane cut their price target on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Barclays decreased their price objective on shares of Best Buy from $81.00 to $77.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Finally, Loop Capital boosted their target price on shares of Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.37.

Best Buy Stock Down 2.9%

Shares of BBY opened at $65.79 on Wednesday. The stock has a 50 day moving average price of $72.32 and a 200 day moving average price of $73.55. Best Buy Co., Inc. has a one year low of $54.99 and a one year high of $91.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.72 and a beta of 1.41.

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

Best Buy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Best Buy’s dividend payout ratio is currently 125.83%.

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.