Allianz Asset Management GmbH Buys 89,057 Shares of Best Buy Co., Inc. $BBY

Allianz Asset Management GmbH increased its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,639,202 shares of the technology retailer’s stock after purchasing an additional 89,057 shares during the quarter. Allianz Asset Management GmbH owned about 0.78% of Best Buy worth $123,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Woodline Partners LP increased its stake in shares of Best Buy by 40.1% in the 1st quarter. Woodline Partners LP now owns 16,436 shares of the technology retailer’s stock valued at $1,210,000 after buying an additional 4,701 shares during the period. Truist Financial Corp boosted its holdings in Best Buy by 5.1% in the second quarter. Truist Financial Corp now owns 28,195 shares of the technology retailer’s stock valued at $1,893,000 after acquiring an additional 1,369 shares during the last quarter. Confluence Wealth Services Inc. boosted its holdings in Best Buy by 12.2% in the second quarter. Confluence Wealth Services Inc. now owns 13,059 shares of the technology retailer’s stock valued at $877,000 after acquiring an additional 1,417 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in Best Buy by 1.1% in the second quarter. KLP Kapitalforvaltning AS now owns 120,914 shares of the technology retailer’s stock worth $8,215,000 after purchasing an additional 1,300 shares during the period. Finally, Shell Asset Management Co. raised its holdings in Best Buy by 21.9% during the 2nd quarter. Shell Asset Management Co. now owns 55,679 shares of the technology retailer’s stock worth $3,738,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BBY. Guggenheim reaffirmed a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research note on Wednesday, November 26th. Piper Sandler raised their price objective on shares of Best Buy from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a report on Wednesday, January 21st. Citigroup upped their target price on shares of Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Loop Capital raised their price target on Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Eight 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $81.63.

Best Buy News Summary

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 Stock Performance

BBY stock opened at $65.55 on Wednesday. Best Buy Co., Inc. has a 1-year low of $54.99 and a 1-year high of $91.68. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. The firm has a market cap of $13.73 billion, a PE ratio of 21.70, a P/E/G ratio of 1.56 and a beta of 1.44. The business’s 50-day moving average price is $70.36 and its two-hundred day moving average price is $73.25.

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

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Tuesday, December 16th. Best Buy’s dividend payout ratio is 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.