Arjuna Capital Has $1.39 Million Stake in Best Buy Co., Inc. $BBY

Arjuna Capital lowered its stake in Best Buy Co., Inc. (NYSE:BBY) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 20,714 shares of the technology retailer’s stock after selling 919 shares during the quarter. Arjuna Capital’s holdings in Best Buy were worth $1,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BBY. Panagora Asset Management Inc. boosted its position in Best Buy by 1.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock valued at $639,000 after buying an additional 144 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in shares of Best Buy by 0.5% during the first quarter. Community Bank & Trust Waco Texas now owns 30,970 shares of the technology retailer’s stock valued at $2,280,000 after acquiring an additional 145 shares during the period. Townsquare Capital LLC lifted its stake in shares of Best Buy by 2.5% during the first quarter. Townsquare Capital LLC now owns 6,162 shares of the technology retailer’s stock valued at $454,000 after acquiring an additional 153 shares during the period. Capital Investment Advisors LLC boosted its holdings in Best Buy by 0.8% in the second quarter. Capital Investment Advisors LLC now owns 19,033 shares of the technology retailer’s stock valued at $1,278,000 after acquiring an additional 154 shares during the last quarter. Finally, Horizon Investments LLC increased its position in Best Buy by 6.2% in the first quarter. Horizon Investments LLC now owns 2,862 shares of the technology retailer’s stock worth $211,000 after purchasing an additional 168 shares during the period. Institutional investors own 80.96% of the company’s stock.

Best Buy Trading Down 2.5%

BBY opened at $77.31 on Tuesday. The firm’s fifty day moving average is $78.07 and its two-hundred day moving average is $73.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 1.04. The firm has a market cap of $16.24 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. Best Buy Co., Inc. has a twelve month low of $54.99 and a twelve month high of $91.72.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The company had revenue of $9.67 billion during the quarter, compared to analyst estimates of $9.57 billion. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, December 16th. Best Buy’s dividend payout ratio is 125.83%.

Insider Transactions at Best Buy

In related news, Chairman Richard M. Schulze sold 74,553 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total transaction of $6,285,563.43. Following the completion of the sale, the chairman directly owned 11,451,911 shares of the company’s stock, valued at approximately $965,510,616.41. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mathew Watson sold 2,018 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.76, for a total transaction of $154,901.68. Following the sale, the chief accounting officer owned 20,132 shares in the company, valued at $1,545,332.32. This trade represents a 9.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,733,111 shares of company stock worth $141,293,157. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BBY. JPMorgan Chase & Co. upped their target price on shares of Best Buy from $97.00 to $99.00 in a research report on Tuesday, November 25th. Jefferies Financial Group cut their price objective on shares of Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Loop Capital raised their price objective on shares of Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Best Buy in a research report on Wednesday, October 8th. Finally, Citigroup increased their price target on Best Buy from $73.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $84.74.

Best Buy Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.