Best Buy Co., Inc. $BBY Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 18.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 126,233 shares of the technology retailer’s stock after selling 28,387 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Best Buy worth $9,546,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BBY. Vanguard Group Inc. lifted its position in shares of Best Buy by 1.8% during the second 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 in the last quarter. State Street Corp grew its holdings in Best Buy by 3.8% during the 2nd quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock valued at $927,753,000 after purchasing an additional 496,215 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Best Buy by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock worth $472,495,000 after buying an additional 69,533 shares during the period. Invesco Ltd. lifted its holdings in Best Buy by 15.8% in the 2nd quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock worth $305,351,000 after buying an additional 621,863 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Best Buy by 39.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock worth $235,064,000 after buying an additional 991,141 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Best Buy Trading Down 0.0%

Best Buy stock opened at $67.06 on Monday. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $91.68. The firm’s 50-day moving average is $71.75 and its 200-day moving average is $73.44. 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 company has a market cap of $14.05 billion, a P/E ratio of 22.20, a PEG ratio of 1.70 and a beta of 1.41.

Best Buy (NYSE:BBY) last released its quarterly earnings data 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 net margin of 1.54% and a return on equity of 50.02%. The firm had revenue of $9.67 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. Best Buy’s quarterly revenue was up 2.4% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Tuesday, December 16th. Best Buy’s dividend payout ratio is presently 125.83%.

Insiders Place Their Bets

In other Best Buy news, Chairman Richard M. Schulze sold 74,553 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total value of $6,285,563.43. Following the sale, the chairman directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 230,680 shares of company stock valued at $19,418,357 over the last quarter. 0.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Daiwa Capital Markets lifted their target price on Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 28th. The Goldman Sachs Group lowered their price objective on Best Buy from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a research report on Wednesday. Guggenheim reiterated a “buy” rating and set a $90.00 target price on shares of Best Buy in a research note on Wednesday, November 26th. Finally, BNP Paribas Exane dropped their price target on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Best Buy presently has a consensus rating of “Hold” and an average price target of $83.37.

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.