National Pension Service Has $8.52 Million Holdings in Best Buy Co., Inc. $BBY

National Pension Service boosted its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 60.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,604 shares of the technology retailer’s stock after acquiring an additional 42,465 shares during the period. National Pension Service owned 0.05% of Best Buy worth $8,515,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Root Financial Partners LLC bought a new position in Best Buy in the 3rd quarter worth approximately $32,000. CYBER HORNET ETFs LLC acquired a new position in shares of Best Buy during the second quarter worth approximately $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Best Buy in the second quarter worth $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Best Buy by 202.0% in the second quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after acquiring an additional 404 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BBY shares. Wall Street Zen cut shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c)” rating on shares of Best Buy in a report on Wednesday, January 21st. Piper Sandler increased their target price 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. Wedbush reissued a “neutral” rating and set a $75.00 target price on shares of Best Buy in a research report on Thursday, November 20th. Finally, Jefferies Financial Group lowered their price target on Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $81.63.

Best Buy Stock Down 0.5%

NYSE BBY 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 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 stock’s 50 day moving average is $70.36 and its two-hundred day moving average is $73.25. 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 (NYSE:BBY) last issued its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The business had revenue of $9.67 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.Best Buy’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Equities analysts forecast that Best Buy Co., Inc. will post 6.18 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were paid 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 payout ratio is currently 125.83%.

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.