Krilogy Financial LLC Buys Shares of 15,726 Best Buy Co., Inc. $BBY

Krilogy Financial LLC bought a new position in Best Buy Co., Inc. (NYSE:BBY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,726 shares of the technology retailer’s stock, valued at approximately $1,272,000.

A number of other large investors have also made changes to their positions in BBY. Vanguard Group Inc. lifted its stake in shares of Best Buy by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 23,395,055 shares of the technology retailer’s stock worth $1,570,510,000 after purchasing an additional 419,312 shares during the period. State Street Corp increased its holdings in Best Buy by 3.8% during the second quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock valued at $927,753,000 after buying an additional 496,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Best Buy by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock worth $472,495,000 after acquiring an additional 69,533 shares during the period. Invesco Ltd. boosted its stake in shares of Best Buy by 15.8% during the 2nd quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock worth $305,351,000 after acquiring an additional 621,863 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Best Buy by 39.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock valued at $235,064,000 after acquiring an additional 991,141 shares during the period. 80.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on BBY shares. JPMorgan Chase & Co. cut Best Buy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $99.00 to $76.00 in a report on Monday, February 2nd. Citigroup raised their price objective on Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Loop Capital boosted their price objective on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Jefferies Financial Group reduced their target price on shares of Best Buy from $94.00 to $89.00 and set a “buy” rating for the company in a report on Monday. Finally, Morgan Stanley lowered their price target on shares of Best Buy from $82.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Best Buy has an average rating of “Hold” and a consensus price target of $80.80.

Best Buy Stock Down 3.3%

Shares of BBY opened at $64.87 on Friday. The business’s 50 day moving average is $69.00 and its 200 day moving average is $73.18. The company has a market capitalization of $13.59 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.60 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 quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The business had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Research analysts expect that Best Buy Co., Inc. will post 6.18 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is presently 125.83%.

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.