Focus Partners Advisor Solutions LLC Increases Stock Holdings in Best Buy Co., Inc. $BBY

Focus Partners Advisor Solutions LLC lifted its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 192.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,061 shares of the technology retailer’s stock after purchasing an additional 19,107 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Best Buy were worth $2,247,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Best Buy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after buying an additional 552,360 shares during the period. State Street Corp boosted its holdings in shares of Best Buy by 3.8% in the second quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock valued at $927,753,000 after acquiring an additional 496,215 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Best Buy by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,038,506 shares of the technology retailer’s stock valued at $472,495,000 after acquiring an additional 69,533 shares in the last quarter. Invesco Ltd. increased its stake in shares of Best Buy by 15.8% during the second quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer’s stock worth $305,351,000 after acquiring an additional 621,863 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Best Buy by 39.5% during the second quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer’s stock worth $235,064,000 after purchasing an additional 991,141 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BBY has been the topic of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a report on Wednesday. Jefferies Financial Group reduced their price target on Best Buy from $94.00 to $89.00 and set a “buy” rating for the company in a report on Monday, February 9th. UBS Group lifted their price target on Best Buy from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Telsey Advisory Group dropped their price objective on Best Buy from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Barclays reduced their target price on Best Buy from $81.00 to $77.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Best Buy currently has an average rating of “Hold” and a consensus target price of $77.15.

Trending Headlines about Best Buy

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

• Positive Sentiment: Q4 earnings beat and strong profitability — Best Buy topped EPS estimates and reported a big jump in net income, which markets interpreted as execution on cost discipline and higher‑margin mix. BBY Jumps 7% as Q4 Earnings Beat Signals Strong Strategic Execution
• Positive Sentiment: Shift to higher‑margin digital businesses and shareholder returns — Management highlighted Ads and Marketplace growth, small‑format/AI investments and raised the dividend, supporting a narrative of margin expansion even with softer top‑line trends. Best Buy Earnings Beat Highlights Shift To Higher Margin Digital Model
• Positive Sentiment: Analyst upgrades/target bumps — Several firms raised price targets or reiterated coverage after the print (Evercore, BNP Paribas, Citigroup among others), providing additional support to the rally. Evercore PT Raised to $75
• Neutral Sentiment: Valuation debate — Independent analysis pieces are weighing whether current share price reflects DCF upside or a P/E premium risk given slower growth; this frames differing investor views on whether the rally is justified. Is Best Buy (BBY) Pricing Reflect The DCF Upside Or P/E Premium Risk
• Neutral Sentiment: Outlook provides some downside protection — UBS and other analysts say FY2027 guidance, while below consensus, gives a defined range that limits downside versus a no‑guide scenario. Best Buy’s Fiscal 2027 Outlook Offers Cushion Despite Soft Sales Assumptions, UBS Says
• Negative Sentiment: Guidance and revenue came in under expectations — Best Buy’s FY2027 revenue and EPS ranges were modestly below Street estimates, and quarterly revenue missed — a key reason some investors remain cautious. Best Buy forecasts annual sales below estimates
• Negative Sentiment: Soft comparable sales — Same‑store sales were down (holiday sales disappointed), meaning profit gains came more from mix and cost cuts than from topline strength. Best Buy (NYSE:BBY) Misses Q4 CY2025 Revenue Estimates, But Stock Soars 13.3%
• Negative Sentiment: Near‑term demand risks flagged by Wedbush — Analyst notes that memory pricing/shortages and consumer reluctance on big‑ticket items could pressure sales in the short term. Best Buy Facing Near-Term Demand Challenges, Wedbush Says
• Negative Sentiment: Mixed analyst reactions and downgrades — While some firms raised targets, others cut targets or reiterated lower conviction; Seeking Alpha published a sell‑oriented note arguing limited catalysts, which could cap upside for some investors. Best Buy: No Compelling Reason To Own (Rating Downgrade)

Best Buy Stock Up 2.1%

Shares of NYSE BBY opened at $67.31 on Thursday. The firm’s 50-day moving average is $66.78 and its two-hundred day moving average is $72.86. The company has a market capitalization of $14.10 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.58 and a beta of 1.46. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $84.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.26.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same period last year, the company posted $2.58 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Equities analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

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.