4,006 Shares in Best Buy Co., Inc. $BBY Acquired by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC acquired 4,006 shares of Best Buy Co., Inc., valued at approximately $295,000, during the first quarter.
• In recent insider actions, Chairman Richard M. Schulze sold 729,201 shares, reducing his stake by 78.81% and retaining ownership of 196,100 shares.
• Best Buy reported a quarterly EPS of $1.15, beating expectations, but its revenue decreased by 0.9% year-over-year, with a FY 2026 EPS guidance set at 6.150-6.300.

RWA Wealth Partners LLC purchased a new position in shares of Best Buy Co., Inc. (NYSE:BBY - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,006 shares of the technology retailer's stock, valued at approximately $295,000.

A number of other large investors have also bought and sold shares of the business. Wellington Management Group LLP grew its position in Best Buy by 106.7% during the 1st quarter. Wellington Management Group LLP now owns 11,744 shares of the technology retailer's stock worth $864,000 after acquiring an additional 6,061 shares during the last quarter. Community Bank & Trust Waco Texas raised its stake in shares of Best Buy by 0.5% in the first quarter. Community Bank & Trust Waco Texas now owns 30,970 shares of the technology retailer's stock worth $2,280,000 after acquiring an additional 145 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Best Buy by 78.3% in the first quarter. Brooklyn Investment Group now owns 845 shares of the technology retailer's stock worth $62,000 after acquiring an additional 371 shares during the last quarter. Versor Investments LP bought a new position in shares of Best Buy in the first quarter worth about $434,000. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Best Buy by 41.9% in the first quarter. Brandywine Global Investment Management LLC now owns 271,999 shares of the technology retailer's stock worth $20,022,000 after acquiring an additional 80,337 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Richard M. Schulze sold 729,201 shares of Best Buy stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $72.95, for a total transaction of $53,195,212.95. Following the transaction, the chairman owned 196,100 shares of the company's stock, valued at $14,305,495. This trade represents a 78.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on BBY. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Best Buy in a research note on Friday, May 30th. Wells Fargo & Company decreased their price target on Best Buy from $75.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Wedbush decreased their price target on Best Buy from $75.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Barclays decreased their price target on Best Buy from $89.00 to $74.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $75.00 price target (down previously from $82.00) on shares of Best Buy in a report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Best Buy presently has a consensus rating of "Hold" and an average target price of $85.72.

Best Buy Stock Performance

Shares of Best Buy stock opened at $72.3470 on Thursday. The firm has a fifty day moving average of $69.19 and a two-hundred day moving average of $72.04. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.96 and a beta of 1.21. Best Buy Co., Inc. has a 52 week low of $54.99 and a 52 week high of $103.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 1.02.

Best Buy (NYSE:BBY - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology retailer reported $1.15 EPS for the quarter, beating the consensus estimate of $1.09 by $0.06. Best Buy had a net margin of 2.13% and a return on equity of 46.40%. The company had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $8.77 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. As a group, equities research analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $3.80 annualized dividend and a yield of 5.3%. Best Buy's dividend payout ratio (DPR) is presently 92.91%.

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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