Best Buy Co., Inc. $BBY Holdings Raised by Sivia Capital Partners LLC

Sivia Capital Partners LLC grew its position in Best Buy Co., Inc. (NYSE:BBY) by 191.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,791 shares of the technology retailer’s stock after buying an additional 9,712 shares during the period. Sivia Capital Partners LLC’s holdings in Best Buy were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank grew its stake in Best Buy by 12.0% during the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock worth $98,000 after buying an additional 139 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Best Buy by 0.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,637 shares of the technology retailer’s stock worth $1,114,000 after buying an additional 152 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in Best Buy by 3.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 4,270 shares of the technology retailer’s stock worth $286,000 after buying an additional 157 shares during the last quarter. International Private Wealth Advisors LLC grew its stake in Best Buy by 5.2% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,345 shares of the technology retailer’s stock worth $224,000 after buying an additional 165 shares during the last quarter. Finally, J. Team Financial Inc. grew its stake in Best Buy by 4.2% during the 4th quarter. J. Team Financial Inc. now owns 4,251 shares of the technology retailer’s stock worth $285,000 after buying an additional 171 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Best Buy

In related news, Chairman Richard M. Schulze sold 500,350 shares of the firm’s 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 completion of the transaction, the chairman owned 10,930,586 shares of the company’s stock, valued at $832,036,206.32. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew M. Bilunas sold 11,356 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $727,011.12. Following the transaction, the chief financial officer directly owned 76,884 shares of the company’s stock, valued at $4,922,113.68. This represents a 12.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 579,381 shares of company stock valued at $43,163,654. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BBY. Loop Capital upped their price objective on Best Buy from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Truist Financial upped their price objective on Best Buy from $66.00 to $81.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their price objective on Best Buy from $76.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Jefferies Financial Group upped their price objective on Best Buy from $83.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Best Buy presently has a consensus rating of “Hold” and an average target price of $79.05.

Best Buy Trading Down 1.3%

Shares of BBY stock opened at $71.84 on Thursday. The stock has a 50-day simple moving average of $62.87 and a 200 day simple moving average of $66.72. Best Buy Co., Inc. has a fifty-two week low of $55.10 and a fifty-two week high of $84.99. The stock has a market capitalization of $15.14 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

Best Buy (NYSE:BBY) last announced its earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the business posted $1.15 earnings per share. The company’s quarterly revenue 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, sell-side analysts expect that Best Buy Co., Inc. will post 6.55 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $3.84 annualized dividend and a yield of 5.3%. Best Buy’s dividend payout ratio (DPR) is currently 71.11%.

Key Best Buy News

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

• Positive Sentiment: Daiwa Securities lifted its price target on BBY to $77 from $68, suggesting improved expectations even though the firm kept a neutral rating. Other analysts also raised targets recently, which can help support the stock. MarketScreener
• Positive Sentiment: Best Buy’s latest quarterly results topped estimates on both EPS and revenue, and management maintained its FY2027 outlook, reinforcing the view that the business is executing well. Yahoo Finance
• Positive Sentiment: Media coverage around Best Buy’s AI laptop assortment, marketplace growth, and other new product initiatives has fueled optimism that the retailer may be finding new growth drivers. MarketBeat
• Neutral Sentiment: Jim Cramer highlighted Best Buy in recent commentary, and other coverage noted the stock’s strong year-to-date performance and dividend yield. These items may support sentiment, but they are not direct catalysts. Yahoo Finance
• Negative Sentiment: Chairman Richard M. Schulze sold 500,350 shares, and CAO Mathew Watson also sold shares. Insider selling can weigh on investor confidence, especially after a strong run in the stock. SEC filing
• Negative Sentiment: One report said BBY underperformed peers on Tuesday, hinting that traders may be rotating away from the stock despite recent operational improvements. MarketWatch

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.