Focus Partners Advisor Solutions LLC Sells 760 Shares of Best Buy Co., Inc. $BBY

Focus Partners Advisor Solutions LLC decreased its holdings in shares of Best Buy Co., Inc. (NYSE:BBY) by 7.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,954 shares of the technology retailer’s stock after selling 760 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Best Buy were worth $669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in Best Buy in the second quarter worth approximately $26,000. Maseco LLP bought a new position in Best Buy in the second quarter worth approximately $39,000. Bogart Wealth LLC grew its stake in Best Buy by 202.0% in the second quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after purchasing an additional 404 shares in the last quarter. Sentry Investment Management LLC bought a new position in Best Buy in the second quarter worth approximately $44,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Best Buy during the first quarter worth $53,000. Institutional investors own 80.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of Best Buy in a report on Friday, August 29th. Citigroup restated a “buy” rating on shares of Best Buy in a report on Thursday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $90.00 target price on shares of Best Buy in a report on Friday, August 29th. Wall Street Zen lowered Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, JPMorgan Chase & Co. increased their price objective on Best Buy from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.69.

Best Buy Stock Performance

Shares of BBY stock opened at $83.95 on Wednesday. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.36. The business has a fifty day moving average of $76.30 and a 200 day moving average of $71.38. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $95.49.

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

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were paid a $0.95 dividend. The ex-dividend date was Thursday, September 18th. This represents a $3.80 dividend on an annualized basis and a yield of 4.5%. Best Buy’s dividend payout ratio (DPR) is 104.97%.

Insiders Place Their Bets

In other Best Buy news, CAO Mathew Watson sold 3,715 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $74.07, for a total transaction of $275,170.05. Following the sale, the chief accounting officer directly owned 22,150 shares of the company’s stock, valued at approximately $1,640,650.50. This trade represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard M. Schulze sold 500,000 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the sale, the chairman directly owned 12,486,904 shares in the company, valued at $1,009,316,450.32. This represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,599,439 shares of company stock valued at $129,995,911 in the last 90 days. 0.59% of the stock is currently owned by company insiders.

Best Buy Company 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.