United Capital Financial Advisors LLC Buys New Shares in Best Buy Co., Inc. $BBY

United Capital Financial Advisors LLC bought a new position in shares of Best Buy Co., Inc. (NYSE:BBY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,216 shares of the technology retailer’s stock, valued at approximately $775,000.

A number of other large investors have also bought and sold shares of BBY. PFA Pension Forsikringsaktieselskab acquired a new position in Best Buy during the 4th quarter worth approximately $1,741,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Best Buy by 42.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 225,000 shares of the technology retailer’s stock valued at $15,059,000 after acquiring an additional 67,600 shares during the period. Oxbow Advisors LLC acquired a new stake in Best Buy in the fourth quarter valued at approximately $6,295,000. Crossmark Global Holdings Inc. increased its holdings in shares of Best Buy by 199.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 36,342 shares of the technology retailer’s stock valued at $2,432,000 after acquiring an additional 24,219 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Best Buy by 8.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478,965 shares of the technology retailer’s stock worth $33,180,000 after purchasing an additional 38,739 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Quarterly results exceeded expectations. Best Buy reported Q2 FY27 revenue of $9.78 billion, up 3.6% year over year and above the $9.59 billion consensus estimate. Adjusted earnings of $1.47 per share also topped the $1.39 consensus, while comparable sales rose 4.1%. Best Buy Reports Second Quarter Results
• Positive Sentiment: Best Buy raised its full-year outlook. The company now expects adjusted fiscal 2027 earnings of $6.70 to $6.90 per share, up from $6.30 to $6.60 previously, and revenue of $42.3 billion to $42.8 billion. The improved forecast reflects strength in computing and steady demand for technology upgrades and replacements. Best Buy raises annual sales forecast on steady electronics demand
• Positive Sentiment: Analyst sentiment improved. Guggenheim and DA Davidson each raised their BBY price target from $90 to $95 and assigned a “buy” rating, implying roughly 15% upside from the referenced price.
• Positive Sentiment: Shareholder returns remain attractive. Best Buy declared a quarterly dividend of $0.96 per share, equivalent to an annualized yield of approximately 4.7% at the referenced price.
• Neutral Sentiment: Growth initiatives could support the longer-term retail recovery. Best Buy is expanding its omnichannel strategy, including the Ask Blue conversational AI assistant and smaller-format stores, while digital-led sales growth was highlighted during the earnings call. Best Buy Expands Omnichannel Footprint With OpenAI Integration and Smaller-Format Stores
• Negative Sentiment: The negative market reaction likely reflects high expectations and lingering risks. Although results beat estimates, the outlook increase was relatively modest versus consensus, international revenue declined, and investors remain cautious about discretionary spending. Analysts are also described as conflicted on BBY, suggesting uncertainty about how durable the recovery will be. Analysts Conflicted on These Consumer Cyclical Names

Insiders Place Their Bets

In related news, Chairman Richard M. Schulze sold 224,705 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the completion of the sale, the chairman owned 10,430,936 shares in the company, valued at approximately $814,656,101.60. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 500,000 shares of company stock worth $39,065,226 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BBY has been the topic of a number of recent research reports. Truist Financial set a $100.00 target price on Best Buy in a report on Thursday. Loop Capital lowered shares of Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price target for the company. in a research note on Monday, July 13th. Weiss Ratings raised shares of Best Buy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. DA Davidson lifted their price objective on shares of Best Buy from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley boosted their target price on shares of Best Buy from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Best Buy presently has a consensus rating of “Hold” and an average price target of $85.40.

Best Buy Price Performance

Shares of NYSE:BBY opened at $82.34 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.35 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The stock’s fifty day simple moving average is $83.16 and its two-hundred day simple moving average is $71.37. Best Buy Co., Inc. has a 1-year low of $55.10 and a 1-year high of $91.26.

Best Buy (NYSE:BBY) last posted its earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, analysts forecast that Best Buy Co., Inc. will post 6.79 EPS for the current fiscal year.

Best Buy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, September 17th. Best Buy’s dividend payout ratio is 63.89%.

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.