Y Intercept Hong Kong Ltd Buys 10,934 Shares of Best Buy Co., Inc. $BBY

Y Intercept Hong Kong Ltd increased its holdings in Best Buy Co., Inc. (NYSE:BBY) by 32.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,112 shares of the technology retailer’s stock after acquiring an additional 10,934 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Best Buy were worth $3,411,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Best Buy by 69.3% in the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Best Buy in the 3rd quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new position in shares of Best Buy during the second quarter worth $33,000. MUFG Securities EMEA plc acquired a new position in Best Buy in the 2nd quarter valued at about $38,000. Finally, Bogart Wealth LLC increased its stake in Best Buy by 202.0% during the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after buying an additional 404 shares during the period. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Analyst Upgrades and Downgrades

BBY has been the topic of several recent analyst reports. Citigroup increased their target price on Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Telsey Advisory Group lifted their price objective on Best Buy from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Loop Capital increased their price target on Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of Best Buy in a research note on Wednesday, November 26th. Finally, Morgan Stanley decreased their target price on Best Buy from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.37.

Best Buy Stock Performance

Shares of NYSE BBY opened at $66.88 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05. The stock has a fifty day moving average price of $71.59 and a two-hundred day moving average price of $73.39. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $91.68. The firm has a market cap of $14.01 billion, a P/E ratio of 22.15, a PEG ratio of 1.70 and a beta of 1.41.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. The company had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Research analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, December 16th. Best Buy’s dividend payout ratio is currently 125.83%.

Insider Transactions at Best Buy

In other news, Chairman Richard M. Schulze sold 74,553 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $84.31, for a total value of $6,285,563.43. Following the sale, the chairman owned 11,451,911 shares in the company, valued at approximately $965,510,616.41. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by company insiders.

About Best Buy

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.