Best Buy Co., Inc. $BBY Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its position in shares of Best Buy Co., Inc. (NYSE:BBY) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 624,135 shares of the technology retailer’s stock after buying an additional 21,084 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.30% of Best Buy worth $41,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC raised its holdings in Best Buy by 11.1% in the 1st quarter. LPL Financial LLC now owns 130,074 shares of the technology retailer’s stock valued at $9,575,000 after acquiring an additional 12,999 shares during the last quarter. Blair William & Co. IL grew its position in shares of Best Buy by 1.9% in the first quarter. Blair William & Co. IL now owns 49,375 shares of the technology retailer’s stock valued at $3,634,000 after purchasing an additional 931 shares during the period. Atria Wealth Solutions Inc. increased its stake in Best Buy by 3.3% in the first quarter. Atria Wealth Solutions Inc. now owns 19,330 shares of the technology retailer’s stock valued at $1,437,000 after purchasing an additional 613 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Best Buy during the first quarter worth about $1,726,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Best Buy by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,968,973 shares of the technology retailer’s stock worth $512,986,000 after buying an additional 408,605 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Analysts Set New Price Targets

BBY has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Best Buy in a research note on Thursday, November 20th. Barclays upped their price target on shares of Best Buy from $74.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. UBS Group lifted their price target on shares of Best Buy from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Truist Financial upped their price objective on Best Buy from $79.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group cut their target price on Best Buy from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.74.

Best Buy Stock Performance

Shares of BBY stock opened at $74.18 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. The company has a market cap of $15.59 billion, a PE ratio of 24.56, a P/E/G ratio of 1.88 and a beta of 1.37. The company’s fifty day simple moving average is $78.07 and its 200-day simple moving average is $73.48. Best Buy Co., Inc. has a 52 week low of $54.99 and a 52 week high of $91.68.

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. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The firm had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. As a group, equities research analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $3.80 annualized dividend and a yield of 5.1%. Best Buy’s payout ratio is 125.83%.

Insiders Place Their Bets

In other Best Buy news, Chairman Richard M. Schulze sold 500,000 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $80.83, for a total value of $40,415,000.00. Following the completion of the sale, the chairman owned 12,486,904 shares of the company’s stock, valued at $1,009,316,450.32. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 1,534,993 shares of company stock valued at $126,626,855. 0.47% of the stock is owned by corporate insiders.

Best Buy Company 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.