Rothschild Wealth LLC Takes Position in Best Buy Co., Inc. $BBY

Rothschild Wealth LLC bought a new stake in Best Buy Co., Inc. (NYSE:BBY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,824 shares of the technology retailer’s stock, valued at approximately $457,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Best Buy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 24,255,320 shares of the technology retailer’s stock valued at $1,623,409,000 after buying an additional 307,905 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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. Northern Trust Corp boosted its holdings in shares of Best Buy by 5.5% in the 3rd quarter. Northern Trust Corp now owns 2,888,664 shares of the technology retailer’s stock valued at $218,441,000 after buying an additional 150,871 shares in the last quarter. Norges Bank acquired a new position in shares of Best Buy in the 4th quarter valued at $174,685,000. Finally, Legal & General Group Plc boosted its holdings in shares of Best Buy by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 1,661,024 shares of the technology retailer’s stock valued at $125,607,000 after buying an additional 5,130 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Key Headlines Impacting Best Buy

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

Best Buy Stock Down 3.9%

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

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

Best Buy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBY. Weiss Ratings cut shares of Best Buy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Piper Sandler reiterated a “neutral” rating and set a $77.00 price target on shares of Best Buy in a research note on Thursday. HSBC decreased their price target on shares of Best Buy from $96.00 to $85.00 in a research note on Thursday, February 26th. The Goldman Sachs Group increased their price target on shares of Best Buy from $59.00 to $62.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Best Buy in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.60.

Insider Activity at Best Buy

In other Best Buy news, CEO Corie S. Barry sold 42,869 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $2,744,473.38. Following the completion of the transaction, the chief executive officer owned 523,138 shares in the company, valued at approximately $33,491,294.76. This represents a 7.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew M. Bilunas sold 11,356 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 transaction of $727,011.12. Following the completion of the transaction, the chief financial officer 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. Insiders have sold 77,247 shares of company stock worth $4,945,353 in the last 90 days. Corporate insiders own 0.47% 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.