Citigroup Inc. Has $48.89 Million Holdings in Best Buy Co., Inc. $BBY

Citigroup Inc. lifted its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 48.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 646,484 shares of the technology retailer’s stock after acquiring an additional 210,287 shares during the quarter. Citigroup Inc.’s holdings in Best Buy were worth $48,887,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after purchasing an additional 138 shares during the last quarter. Root Financial Partners LLC acquired a new position in Best Buy in the 3rd quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new position in Best Buy in the 2nd quarter worth $33,000. MUFG Securities EMEA plc acquired a new position in Best Buy during the 2nd quarter worth $38,000. Finally, True Wealth Design LLC boosted its holdings in Best Buy by 775.3% during the second quarter. True Wealth Design LLC now owns 639 shares of the technology retailer’s stock valued at $43,000 after acquiring an additional 566 shares during the period. 80.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BBY. Daiwa Securities Group lifted their price objective on Best Buy from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 28th. Piper Sandler cut their price target on Best Buy from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday. Telsey Advisory Group reissued an “outperform” rating and issued a $95.00 price objective on shares of Best Buy in a research report on Tuesday. Citigroup dropped their target price on shares of Best Buy from $82.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Finally, Barclays decreased their price target 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. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Best Buy presently has an average rating of “Hold” and a consensus target price of $79.79.

Best Buy Stock Down 0.1%

Shares of BBY opened at $62.65 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $67.65 and a two-hundred day moving average price of $73.18. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.49 and a beta of 1.44. Best Buy Co., Inc. has a 12 month low of $54.99 and a 12 month high of $91.20.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. Best Buy’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Key Best Buy News

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and set a $95 price target (roughly a >50% upside from current levels), signaling at least some bullish conviction that Best Buy could re‑rate if results or guidance beat expectations. Telsey reaffirmation
• Neutral Sentiment: Macro/tariff uncertainty returned after a new 15% U.S. tariff announcement — this adds a background risk for import‑dependent retailers like Best Buy but its ultimate impact depends on company commentary on supplier pricing and passthrough. Tariff story
• Neutral Sentiment: Broader retail/income ideas coverage mentioned Best Buy in thematic pieces this week (e.g., cash‑generating stocks lists) — useful context but unlikely to move the stock absent company‑specific news. Cash‑producing stocks
• Negative Sentiment: Earnings previews from Yahoo/Zacks forecast Q4 EPS pressure — analysts expect Best Buy lacks the setup for an earnings beat and see revenue/comps softness for the quarter, raising downside risk to near‑term estimates. Earnings preview
• Negative Sentiment: Wedbush flagged downside risks to Q4 comparable sales after a soft holiday season and cut its price target from $80 to $70 (while keeping a neutral rating), signaling lower conviction on near‑term upside. Wedbush note
• Negative Sentiment: Opinion pieces highlighting risks (“3 Reasons BBY is Risky”) reinforce bearish narratives around slowing demand and valuation compression, which can pressure sentiment ahead of the report. Risk article

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.