LSV Asset Management Decreases Stock Holdings in Best Buy Co., Inc. $BBY

LSV Asset Management lowered its stake in shares of Best Buy Co., Inc. (NYSE:BBY) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,308,200 shares of the technology retailer’s stock after selling 35,401 shares during the period. LSV Asset Management’s holdings in Best Buy were worth $98,926,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position 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 period. Root Financial Partners LLC bought a new stake in Best Buy in the 3rd quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in Best Buy during the 2nd quarter valued at $33,000. MUFG Securities EMEA plc bought a new position in shares of Best Buy during the 2nd quarter valued at $38,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Best Buy by 202.0% during the 2nd 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. 80.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on BBY shares. Piper Sandler lifted their price objective on Best Buy from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Loop Capital boosted their price target on Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Telsey Advisory Group increased their price objective on shares of Best Buy from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Evercore dropped their price objective on shares of Best Buy from $80.00 to $70.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Finally, BNP Paribas Exane cut their target price on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Best Buy presently has a consensus rating of “Hold” and a consensus target price of $80.80.

Best Buy Stock Down 3.3%

NYSE BBY opened at $64.87 on Friday. Best Buy Co., Inc. has a 52 week low of $54.99 and a 52 week high of $91.68. 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 market capitalization of $13.59 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44. The stock’s 50-day moving average price is $69.00 and its 200-day moving average price is $73.18.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The company had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm’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. On average, equities research analysts predict that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.9%. Best Buy’s dividend 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.