AE Wealth Management LLC Purchases 15,283 Shares of Best Buy Co., Inc. $BBY

AE Wealth Management LLC boosted its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,525 shares of the technology retailer’s stock after acquiring an additional 15,283 shares during the quarter. AE Wealth Management LLC’s holdings in Best Buy were worth $14,105,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Best Buy in the 3rd quarter valued at about $32,000. CYBER HORNET ETFs LLC bought a new position in Best Buy during the second quarter worth about $33,000. MUFG Securities EMEA plc acquired a new position in Best Buy during the second quarter worth approximately $38,000. Finally, Bogart Wealth LLC raised its stake in Best Buy by 202.0% in the second quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock valued at $41,000 after buying an additional 404 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

Wall Street Analyst Weigh In

BBY has been the subject of several research analyst reports. Wall Street Zen downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Daiwa Capital Markets raised their price target on Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 28th. BNP Paribas Exane decreased their price objective on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Barclays dropped their price objective on shares of Best Buy from $81.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 target price on shares of Best Buy in a report on Wednesday, November 26th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.37.

Best Buy Stock Down 0.7%

NYSE BBY opened at $65.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.66 and a beta of 1.41. The company has a 50 day moving average of $71.06 and a 200-day moving average of $73.24. Best Buy Co., Inc. has a 1-year low of $54.99 and a 1-year high of $91.68.

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

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Best Buy’s payout ratio 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.