Thompson Siegel & Walmsley LLC Acquires New Shares in Best Buy Co., Inc. $BBY

Thompson Siegel & Walmsley LLC acquired a new stake in Best Buy Co., Inc. (NYSE:BBY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 65,700 shares of the technology retailer’s stock, valued at approximately $4,397,000.

A number of other large investors have also made changes to their positions in BBY. AQR Capital Management LLC increased its position in shares of Best Buy by 99.8% in the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock valued at $525,120,000 after buying an additional 3,496,254 shares in the last quarter. Norges Bank bought a new stake in shares of Best Buy in the 4th quarter valued at $174,685,000. KBC Group NV increased its position in shares of Best Buy by 293.6% in the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after buying an additional 785,294 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Best Buy by 14,865.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 771,159 shares of the technology retailer’s stock valued at $51,614,000 after buying an additional 766,006 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Best Buy in the 3rd quarter valued at $55,475,000. Institutional investors own 80.96% of the company’s stock.

Best Buy News Summary

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

• Positive Sentiment: Best Buy’s latest quarter came in ahead of expectations, with revenue of $8.94 billion and EPS of $1.28, helped by stronger AI laptop demand and gaming sales. Should You Buy Best Buy Stock for Its 4.9%-Yielding Dividend?
• Positive Sentiment: Management highlighted growth in Marketplace and Best Buy Ads, plus new tech launches, while reaffirming its fiscal 2027 outlook. Best Buy Q1 Earnings Call Highlights Marketplace Growth, CEO Shift
• Positive Sentiment: Commentary around AI-powered laptops and the company’s turnaround potential has added optimism that Best Buy can benefit from better product cycles and demand trends. Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround
• Positive Sentiment: Jim Cramer also pointed to Best Buy as a strong performer, reinforcing a bullish investor narrative around the stock. Jim Cramer Highlights the Strong Performance of Best Buy
• Neutral Sentiment: Several articles frame Best Buy as a closely watched retail name and discuss whether the stock is undervalued, suggesting investors are still debating the durability of the rebound. Best Buy Co Inc (BBY) Stock Down 3.8% — Now Undervalued? GF Score: 72/100
• Negative Sentiment: Despite solid earnings, BBY has sold off, indicating the market may be reacting to valuation concerns, expectations for slower growth, or simple post-earnings profit-taking. Best Buy Co Inc (BBY) Stock Down 3.8% — Now Undervalued? GF Score: 72/100
• Negative Sentiment: A separate article cautioning on unpopular stocks may add a modestly bearish tone, though it does not appear to cite a new company-specific problem. 3 Unpopular Stocks We Approach with Caution

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $78.00 target price on shares of Best Buy in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Best Buy from $76.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group upped their target price on shares of Best Buy from $83.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Best Buy in a research note on Wednesday, March 4th. Finally, Telsey Advisory Group set a $90.00 target price on shares of Best Buy and gave the stock an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Best Buy currently has a consensus rating of “Hold” and a consensus price target of $78.60.

Insiders Place Their Bets

In related news, insider Todd G. Hartman sold 5,339 shares of Best Buy stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $341,802.78. Following the transaction, the insider directly owned 44,098 shares of the company’s stock, valued at $2,823,153.96. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jason J. Bonfig sold 6,336 shares of Best Buy stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $405,630.72. Following the completion of the transaction, the executive vice president directly owned 79,137 shares in the company, valued at $5,066,350.74. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,247 shares of company stock valued at $4,945,353 over the last three months. 0.47% of the stock is owned by corporate insiders.

Best Buy Stock Down 3.9%

BBY opened at $74.89 on Tuesday. Best Buy Co., Inc. has a fifty-two week low of $55.10 and a fifty-two week high of $84.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. The company has a market capitalization of $15.78 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.09 and a beta of 1.30. The stock has a fifty day moving average of $62.51 and a 200-day moving average of $66.78.

Best Buy (NYSE:BBY) last announced its earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.23 by $0.05. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.5 EPS for the current year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, June 18th. Best Buy’s dividend payout ratio (DPR) is 71.11%.

Best Buy Company 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.