7,534 Shares in Best Buy Co., Inc. $BBY Purchased by waypoint wealth counsel

waypoint wealth counsel acquired a new stake in Best Buy Co., Inc. (NYSE:BBY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,534 shares of the technology retailer’s stock, valued at approximately $570,000.

A number of other institutional investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its holdings in shares of Best Buy by 69.3% in 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 in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in Best Buy during the 2nd quarter worth $26,000. CYBER HORNET ETFs LLC bought a new position in Best Buy in the 2nd quarter valued at $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Best Buy in the 2nd quarter valued at $38,000. Finally, Maseco LLP bought a new stake in shares of Best Buy during the second quarter worth $39,000. 80.96% of the stock is owned by institutional investors.

Insider Activity at Best Buy

In related news, Chairman Richard M. Schulze sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $80.83, for a total transaction of $40,415,000.00. Following the transaction, the chairman directly owned 12,486,904 shares of the company’s stock, valued at approximately $1,009,316,450.32. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 1,534,993 shares of company stock worth $126,626,855. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

BBY has been the topic of several recent research reports. Argus reiterated a “hold” rating on shares of Best Buy in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, October 8th. Truist Financial set a $77.00 price target on shares of Best Buy in a research report on Wednesday, December 17th. JPMorgan Chase & Co. increased their price objective on shares of Best Buy from $97.00 to $99.00 in a report on Tuesday, November 25th. Finally, Citigroup lifted their target price on shares of Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Best Buy presently has a consensus rating of “Hold” and an average price target of $84.11.

Best Buy Stock Performance

Shares of BBY opened at $67.80 on Tuesday. The company has a market cap of $14.21 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.76 and a beta of 1.37. The firm has a 50-day moving average of $76.44 and a 200-day moving average of $73.63. Best Buy Co., Inc. has a one year low of $54.99 and a one year high of $91.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26.

Best Buy (NYSE:BBY) last issued its 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. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The business had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the business posted $1.26 EPS. Best Buy’s 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. As a group, equities analysts forecast that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, December 16th. Best Buy’s payout ratio is currently 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.