19,270 Shares in Best Buy Co., Inc. $BBY Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd acquired a new stake in shares of Best Buy Co., Inc. (NYSE:BBY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,270 shares of the technology retailer’s stock, valued at approximately $1,458,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BBY. Transcend Capital Advisors LLC bought a new position in shares of Best Buy in the 3rd quarter valued at about $407,000. Donaldson Capital Management LLC raised its position in Best Buy by 8.0% during the third quarter. Donaldson Capital Management LLC now owns 11,126 shares of the technology retailer’s stock valued at $841,000 after purchasing an additional 822 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of Best Buy in the 3rd quarter valued at approximately $557,000. Howard Capital Management Inc. boosted its holdings in shares of Best Buy by 9.4% in the 3rd quarter. Howard Capital Management Inc. now owns 5,945 shares of the technology retailer’s stock worth $450,000 after purchasing an additional 510 shares during the period. Finally, National Pension Service increased its position in shares of Best Buy by 60.5% during the 3rd quarter. National Pension Service now owns 112,604 shares of the technology retailer’s stock valued at $8,515,000 after purchasing an additional 42,465 shares during the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Best Buy Price Performance

BBY opened at $65.55 on Wednesday. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.56 and a beta of 1.44. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $91.68. The business’s fifty day simple moving average is $70.36 and its 200-day simple moving average is $73.25.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The company had revenue of $9.67 billion during the quarter, compared to analyst estimates of $9.57 billion. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were given 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 (DPR) is 125.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BBY shares. BNP Paribas Exane lowered their price target 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. Wall Street Zen lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Truist Financial dropped their price target on shares of Best Buy from $77.00 to $73.00 and set a “hold” rating for the company in a research note on Friday, January 16th. Piper Sandler increased their price objective on shares of Best Buy from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Wedbush restated a “neutral” rating and set a $75.00 target price on shares of Best Buy in a research report on Thursday, November 20th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $81.63.

Trending Headlines about Best Buy

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

• Positive Sentiment: Best Buy recently reported an EPS beat and set FY26 guidance (6.25–6.35 EPS), showing modest topline growth and operating resilience. This provides fundamental support against downgrades.
• Neutral Sentiment: Analysts offered sector insights that mention Best Buy alongside peers; useful for context but not a direct catalyst. Analysts Offer Insights
• Neutral Sentiment: Brokerage consensus has converged toward a “Hold” / in‑line stance across firms, signaling lowered enthusiasm but not uniform bearishness. Consensus Hold
• Negative Sentiment: JPMorgan downgraded BBY from Overweight to Neutral and cut its price target from $99 to $76, citing tougher comps and weaker outlook dynamics — a high‑profile downgrade that likely pressured the stock. JP Morgan Downgrades Best Buy
• Negative Sentiment: Evercore ISI cut its price target to $70 and moved to an “in‑line” rating, trimming upside expectations and reinforcing the bearish analyst tone. Evercore Price Target Cut
• Negative Sentiment: Multiple pieces highlight a tougher FY26 outlook — concerns about difficult year‑ago comps, a housing slowdown and softer consumer spending that could weigh revenue and margins. These macro/sector worries are being reflected in downgrades and valuation reassessments. Challenging FY26 Outlook
• Negative Sentiment: Analyses reassessing valuation after the JPMorgan downgrade emphasize downside risk to estimates and investor sentiment, keeping pressure on the multiple. Valuation Assessment

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.