Best Buy Co., Inc. $BBY Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,493 shares of the technology retailer’s stock after selling 42,004 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of Best Buy worth $12,683,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BBY. Torren Management LLC purchased a new stake in shares of Best Buy during the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Best Buy in the 3rd quarter worth about $25,000. Hillsdale Investment Management Inc. purchased a new stake in Best Buy in the 4th quarter worth about $29,000. Quest 10 Wealth Builders Inc. lifted its stake in Best Buy by 239.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock worth $30,000 after acquiring an additional 311 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in Best Buy by 1,247.1% in the 4th quarter. Activest Wealth Management now owns 458 shares of the technology retailer’s stock worth $31,000 after acquiring an additional 424 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Best Buy Stock Performance

Shares of BBY stock opened at $71.56 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.40. Best Buy Co., Inc. has a fifty-two week low of $55.10 and a fifty-two week high of $84.99. The stock’s 50-day moving average is $63.28 and its two-hundred day moving average is $66.66. The firm has a market cap of $15.08 billion, a P/E ratio of 13.25, a PEG ratio of 1.90 and a beta of 1.30.

Best Buy (NYSE:BBY) last issued its earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.05. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the firm posted $1.15 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Analysts predict that Best Buy Co., Inc. will post 6.56 earnings per share for the current fiscal year.

Best Buy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, June 18th. Best Buy’s dividend payout ratio is presently 71.11%.

Analysts Set New Price Targets

BBY has been the subject of several research analyst reports. BNP Paribas Exane increased their price objective on Best Buy from $74.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Citigroup increased their price objective on Best Buy from $60.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. UBS Group reissued a “neutral” rating and issued a $86.00 price objective (up from $85.00) on shares of Best Buy in a research note on Friday, May 29th. Telsey Advisory Group set a $90.00 price objective on Best Buy and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company increased their price objective on Best Buy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.05.

Best Buy News Roundup

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

• Positive Sentiment: Best Buy reported its first period of positive comparable sales growth in several years, driven by stronger demand in gaming, AI laptops, mobile phones, and other new technology products. The company also pointed to improving higher-margin businesses like Marketplace and Best Buy Ads, which could support profitability. Best Buy Sales Turn Positive As AI Tech Grows And CEO Change Nears
• Positive Sentiment: Management’s Q1 update and earnings call were viewed favorably after the company outperformed expectations and highlighted improving demand across emerging product categories, suggesting consumers are still spending on bigger-ticket electronics despite a tougher backdrop. Best Buy’s Q1 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: KeyCorp raised its FY2027, FY2028, and Q4 2027 earnings estimates for Best Buy, signaling slightly better expectations for future profitability. KeyCorp estimate updates
• Neutral Sentiment: Richard Schulze sold 500,350 Best Buy shares, a headline that may draw attention but does not necessarily change the near-term operating outlook. Richard Schulze Sells 500,350 Shares of Best Buy (NYSE:BBY) Stock
• Neutral Sentiment: Broader retail earnings commentary suggested consumers remain cautious overall, which provides context for BBY’s results but is not specific enough to be a direct catalyst by itself. What Do Retail Earnings Reports Tell Us About Consumer Spending Trends?

Insider Buying and Selling

In other news, Chairman Richard M. Schulze sold 500,350 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the transaction, the chairman owned 10,930,586 shares of the company’s stock, valued at approximately $832,036,206.32. This represents a 4.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Corie S. Barry sold 42,869 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $2,744,473.38. Following the transaction, the chief executive officer directly owned 523,138 shares in the company, valued at approximately $33,491,294.76. This represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 579,381 shares of company stock worth $43,163,654. Insiders own 0.59% of the company’s stock.

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.