Best Buy Co., Inc. $BBY Position Boosted by Citigroup Inc.

Citigroup Inc. increased its holdings in Best Buy Co., Inc. (NYSE:BBY) by 48.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,484 shares of the technology retailer’s stock after purchasing an additional 210,287 shares during the quarter. Citigroup Inc. owned 0.31% of Best Buy worth $48,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BBY. Personal CFO Solutions LLC bought a new position in shares of Best Buy in the third quarter valued at $313,000. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Best Buy in the 3rd quarter valued at $391,000. Tredje AP fonden raised its holdings in Best Buy by 14.3% during the 3rd quarter. Tredje AP fonden now owns 27,428 shares of the technology retailer’s stock worth $2,074,000 after buying an additional 3,428 shares during the period. Essex Financial Services Inc. purchased a new stake in Best Buy during the third quarter valued at about $209,000. Finally, Syon Capital LLC boosted its holdings in shares of Best Buy by 21.6% in the third quarter. Syon Capital LLC now owns 4,900 shares of the technology retailer’s stock worth $371,000 after buying an additional 872 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BBY shares. Guggenheim restated a “buy” rating and issued a $90.00 price target on shares of Best Buy in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Citigroup decreased their target price on Best Buy from $82.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Telsey Advisory Group reissued an “outperform” rating and set a $95.00 price target on shares of Best Buy in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered Best Buy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $99.00 to $76.00 in a research report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Best Buy has a consensus rating of “Hold” and a consensus target price of $79.79.

Trending Headlines about Best Buy

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and set a $95 price target (roughly a >50% upside from current levels), signaling at least some bullish conviction that Best Buy could re‑rate if results or guidance beat expectations. Telsey reaffirmation
• Neutral Sentiment: Macro/tariff uncertainty returned after a new 15% U.S. tariff announcement — this adds a background risk for import‑dependent retailers like Best Buy but its ultimate impact depends on company commentary on supplier pricing and passthrough. Tariff story
• Neutral Sentiment: Broader retail/income ideas coverage mentioned Best Buy in thematic pieces this week (e.g., cash‑generating stocks lists) — useful context but unlikely to move the stock absent company‑specific news. Cash‑producing stocks
• Negative Sentiment: Earnings previews from Yahoo/Zacks forecast Q4 EPS pressure — analysts expect Best Buy lacks the setup for an earnings beat and see revenue/comps softness for the quarter, raising downside risk to near‑term estimates. Earnings preview
• Negative Sentiment: Wedbush flagged downside risks to Q4 comparable sales after a soft holiday season and cut its price target from $80 to $70 (while keeping a neutral rating), signaling lower conviction on near‑term upside. Wedbush note
• Negative Sentiment: Opinion pieces highlighting risks (“3 Reasons BBY is Risky”) reinforce bearish narratives around slowing demand and valuation compression, which can pressure sentiment ahead of the report. Risk article

Best Buy Stock Down 0.1%

BBY opened at $62.65 on Wednesday. The company has a market capitalization of $13.13 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. 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 fifty-two week low of $54.99 and a fifty-two week high of $91.20. The business has a 50-day moving average of $67.65 and a 200-day moving average of $73.18.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities research analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

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.