Savant Capital LLC Buys 34,147 Shares of Best Buy Co., Inc. $BBY

Savant Capital LLC increased its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 118.8% during the third quarter, Holdings Channel reports. The institutional investor owned 62,879 shares of the technology retailer’s stock after purchasing an additional 34,147 shares during the period. Savant Capital LLC’s holdings in Best Buy were worth $4,755,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BBY. Sage Private Wealth Group LLC lifted its holdings in shares of Best Buy by 3.1% in the 3rd quarter. Sage Private Wealth Group LLC now owns 4,109 shares of the technology retailer’s stock worth $311,000 after purchasing an additional 123 shares in the last quarter. LVW Advisors LLC raised its holdings in Best Buy by 3.9% during the third quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock worth $275,000 after buying an additional 137 shares during the last quarter. 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 valued at $25,000 after buying an additional 138 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Best Buy by 1.5% during the second quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock worth $639,000 after acquiring an additional 144 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Best Buy by 2.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,220 shares of the technology retailer’s stock worth $546,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BBY. Wall Street Zen lowered Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Best Buy in a research note on Wednesday, November 26th. Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Best Buy in a report on Thursday, November 20th. Daiwa Securities Group increased their target price on shares of Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 28th. Finally, Barclays reduced their price objective on shares of Best Buy from $81.00 to $77.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $81.63.

Best Buy Stock Performance

Shares of BBY stock opened at $70.42 on Friday. The firm’s 50 day moving average is $69.67 and its 200 day moving average is $73.21. The stock has a market capitalization of $14.76 billion, a P/E ratio of 23.32, a PEG ratio of 1.62 and a beta of 1.44. Best Buy Co., Inc. has a 12 month low of $54.99 and a 12 month high of $91.68. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44.

Best Buy (NYSE:BBY) last posted its earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. The firm had revenue of $9.67 billion for 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 business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. On average, sell-side analysts anticipate that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is 125.83%.

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.