133,300 Shares in Best Buy Co., Inc. $BBY Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired 133,300 shares of Best Buy (NYSE:BBY) in the third quarter, a stake worth about $10.08 million (roughly 0.06% ownership).
• Best Buy increased its quarterly dividend to $0.96 (annualized $3.84), yielding about 5.8% with a dividend payout ratio of 76.19%.
• Best Buy reported $2.61 EPS for the quarter (beating estimates by $0.13) while revenue fell 1% year-over-year, set FY2027 guidance of 6.30–6.60 EPS, and carries a consensus Wall Street rating of "Hold" with an average target of $76.20.

WINTON GROUP Ltd acquired a new stake in Best Buy Co., Inc. (NYSE:BBY - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 133,300 shares of the technology retailer's stock, valued at approximately $10,080,000. WINTON GROUP Ltd owned about 0.06% of Best Buy as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BBY. Vanguard Group Inc. lifted its stake in shares of Best Buy by 2.4% during the third quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer's stock valued at $1,810,904,000 after acquiring an additional 552,360 shares during the period. State Street Corp increased its position in Best Buy by 3.8% in the second quarter. State Street Corp now owns 13,631,429 shares of the technology retailer's stock worth $927,753,000 after purchasing an additional 496,215 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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 worth $472,495,000 after purchasing an additional 69,533 shares during the period. Invesco Ltd. raised its holdings in Best Buy by 15.8% during the 2nd quarter. Invesco Ltd. now owns 4,548,650 shares of the technology retailer's stock worth $305,351,000 after purchasing an additional 621,863 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Best Buy by 39.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,501,617 shares of the technology retailer's stock valued at $235,064,000 after purchasing an additional 991,141 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

Best Buy Stock Performance

Shares of BBY stock opened at $66.48 on Monday. The stock has a market cap of $13.90 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.64 and a beta of 1.46. The stock has a 50-day moving average of $66.63 and a 200-day moving average of $72.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.43. Best Buy Co., Inc. has a one year low of $54.99 and a one year high of $84.99.

Best Buy (NYSE:BBY - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $13.96 billion. During the same quarter last year, the firm earned $2.58 EPS. Best Buy's quarterly revenue was down 1.0% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, sell-side analysts expect that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th will be issued a $0.96 dividend. This is a positive change from Best Buy's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $3.84 annualized dividend and a dividend yield of 5.8%. Best Buy's dividend payout ratio (DPR) is presently 76.19%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBY shares. Piper Sandler reaffirmed a "buy" rating on shares of Best Buy in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of Best Buy from $93.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. BNP Paribas Exane raised their price objective on shares of Best Buy from $68.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Best Buy from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Finally, Evercore reiterated a "buy" rating and set a $75.00 target price on shares of Best Buy in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.20.

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.

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