3,754 Shares in Best Buy Co., Inc. $BBY Purchased by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. purchased 3,754 shares of Best Buy Co., Inc. during the 2nd quarter, valued at approximately $252,000.
• Best Buy reported earnings per share of $1.28 for the last quarter, exceeding analyst expectations and reflecting a 1.6% year-over-year revenue increase to $9.44 billion.
• The company announced a quarterly dividend of $0.95 per share, representing a 5.0% yield, with a payout ratio of 104.97%.

Kera Capital Partners Inc. bought a new position in Best Buy Co., Inc. (NYSE:BBY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,754 shares of the technology retailer's stock, valued at approximately $252,000.

Several other large investors also recently modified their holdings of BBY. Pinnacle Bancorp Inc. boosted its position in Best Buy by 108.5% during the 1st quarter. Pinnacle Bancorp Inc. now owns 342 shares of the technology retailer's stock valued at $25,000 after acquiring an additional 178 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in Best Buy during the 4th quarter valued at approximately $31,000. Grove Bank & Trust boosted its position in Best Buy by 67.1% during the 1st quarter. Grove Bank & Trust now owns 431 shares of the technology retailer's stock valued at $32,000 after acquiring an additional 173 shares in the last quarter. Tompkins Financial Corp bought a new stake in Best Buy during the 1st quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Best Buy by 25.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 721 shares of the technology retailer's stock valued at $53,000 after acquiring an additional 147 shares in the last quarter. 80.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BBY. JPMorgan Chase & Co. lifted their price objective on Best Buy from $88.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Piper Sandler reaffirmed a "neutral" rating and set a $75.00 price objective (down from $82.00) on shares of Best Buy in a research report on Monday, July 14th. Wells Fargo & Company lifted their price objective on Best Buy from $67.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Bank of America cut their price objective on Best Buy from $63.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday, August 29th. Finally, UBS Group lowered their target price on shares of Best Buy from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $82.59.

Best Buy Price Performance

BBY stock opened at $75.96 on Monday. The firm has a 50 day moving average price of $71.19 and a 200-day moving average price of $70.24. Best Buy Co., Inc. has a 52-week low of $54.99 and a 52-week high of $103.48. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 1.04.

Best Buy (NYSE:BBY - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. Best Buy had a net margin of 1.87% and a return on equity of 47.32%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.23 billion. During the same period in the previous year, the business earned $1.34 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. Equities research analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, September 18th. Best Buy's payout ratio is presently 104.97%.

Insider Buying and Selling

In related news, CAO Mathew Watson sold 3,715 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $74.07, for a total value of $275,170.05. Following the completion of the transaction, the chief accounting officer directly owned 22,150 shares in the company, valued at $1,640,650.50. The trade was a 14.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard M. Schulze sold 196,100 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $74.00, for a total transaction of $14,511,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,833 shares of company stock valued at $14,941,472. 0.59% of the stock is owned by company insiders.

About Best Buy

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.

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