Best Buy Co., Inc. $BBY Stake Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 547,658 shares of the technology retailer’s stock after purchasing an additional 5,653 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Best Buy were worth $36,764,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in Best Buy by 108.5% during the first quarter. Pinnacle Bancorp Inc. now owns 342 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 178 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Best Buy during the second quarter worth $26,000. Grove Bank & Trust lifted its stake in Best Buy by 67.1% during the first quarter. Grove Bank & Trust now owns 431 shares of the technology retailer’s stock worth $32,000 after purchasing an additional 173 shares during the last quarter. Maseco LLP bought a new position in Best Buy during the second quarter worth $39,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Best Buy in the first quarter valued at $53,000. 80.96% of the stock is currently owned by institutional investors.

Best Buy Price Performance

Shares of BBY opened at $76.91 on Friday. The stock’s fifty day moving average is $72.81 and its 200-day moving average is $70.10. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. Best Buy Co., Inc. has a one year low of $54.99 and a one year high of $101.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 1.04.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, August 28th. The technology retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.23 billion. During the same period in the previous year, the business earned $1.34 earnings per share. Best Buy’s revenue for the quarter was up 1.6% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. Equities analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a $0.95 dividend. The ex-dividend date is Thursday, September 18th. This represents a $3.80 annualized dividend and a yield of 4.9%. Best Buy’s payout ratio is 104.97%.

Analysts Set New Price Targets

BBY has been the topic of a number of recent research reports. Barclays reiterated an “equal weight” rating and issued a $74.00 target price on shares of Best Buy in a research note on Friday, August 29th. Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research note on Friday, August 29th. Piper Sandler reiterated a “neutral” rating and issued a $75.00 target price (down from $82.00) on shares of Best Buy in a research note on Monday, July 14th. Evercore ISI raised their target price on Best Buy from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company raised their target price on Best Buy from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Best Buy presently has a consensus rating of “Hold” and a consensus target price of $81.50.

Insider Activity

In other Best Buy news, CAO Mathew Watson sold 2,018 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $76.76, for a total value of $154,901.68. Following the sale, the chief accounting officer directly owned 20,132 shares in the company, valued at approximately $1,545,332.32. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard M. Schulze sold 196,100 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $74.00, for a total transaction of $14,511,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,833 shares of company stock worth $14,941,472. 0.47% of the stock is owned by company insiders.

Best Buy Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.