Best Buy Co., Inc. $BBY Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its position in Best Buy Co., Inc. (NYSE:BBY) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,055 shares of the technology retailer’s stock after selling 2,320 shares during the quarter. Blair William & Co. IL’s holdings in Best Buy were worth $3,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its stake in Best Buy by 6.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 48,919 shares of the technology retailer’s stock worth $3,284,000 after purchasing an additional 3,040 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Best Buy by 7.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,960 shares of the technology retailer’s stock worth $14,560,000 after purchasing an additional 13,378 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new position in Best Buy during the 1st quarter worth $1,574,000. Alberta Investment Management Corp grew its stake in Best Buy by 25.6% during the 1st quarter. Alberta Investment Management Corp now owns 32,900 shares of the technology retailer’s stock worth $2,422,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in Best Buy by 191.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 10,714 shares of the technology retailer’s stock worth $789,000 after purchasing an additional 7,043 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Mathew Watson sold 3,715 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $74.07, for a total value of $275,170.05. Following the completion of the transaction, the chief accounting officer directly owned 22,150 shares of the company’s stock, valued at $1,640,650.50. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard M. Schulze sold 196,100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $74.00, for a total value of $14,511,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,833 shares of company stock valued at $14,941,472. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBY. JPMorgan Chase & Co. boosted their target price on Best Buy from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Jefferies Financial Group boosted their target price on Best Buy from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wedbush upped their price objective on Best Buy from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Truist Financial upped their price objective on Best Buy from $69.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Citigroup reaffirmed a “buy” rating on shares of Best Buy in a research report on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Best Buy has an average rating of “Hold” and a consensus price target of $81.69.

Best Buy Stock Performance

Shares of BBY stock opened at $77.32 on Tuesday. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The stock has a 50 day simple moving average of $73.92 and a 200-day simple moving average of $70.09. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $99.80. The company has a current ratio of 1.04, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43.

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 business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. On average, equities analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, September 18th. Best Buy’s dividend payout ratio is 104.97%.

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.