Best Buy Co., Inc. $BBY Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Best Buy Co., Inc. (NYSE:BBY - Free Report) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 547,658 shares of the technology retailer's stock after purchasing an additional 5,653 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.26% of Best Buy worth $36,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its stake in Best Buy by 6.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 48,919 shares of the technology retailer's stock valued at $3,284,000 after purchasing an additional 3,040 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Best Buy by 7.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,960 shares of the technology retailer's stock valued at $14,560,000 after acquiring an additional 13,378 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Best Buy by 5,519.3% during the 1st quarter. GAMMA Investing LLC now owns 173,131 shares of the technology retailer's stock valued at $12,744,000 after acquiring an additional 170,050 shares during the last quarter. Blackhawk Capital Partners LLC. acquired a new position in shares of Best Buy during the 1st quarter valued at about $1,574,000. Finally, Alberta Investment Management Corp increased its stake in shares of Best Buy by 25.6% during the 1st quarter. Alberta Investment Management Corp now owns 32,900 shares of the technology retailer's stock valued at $2,422,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company's stock.

Insider Buying and Selling

In other Best Buy news, Chairman Richard M. Schulze sold 196,100 shares of the company'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 value of $14,511,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mathew Watson sold 3,715 shares of the company'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 approximately $1,640,650.50. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,833 shares of company stock worth $14,941,472. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on BBY. Evercore ISI upped their price objective on shares of Best Buy from $75.00 to $77.00 and gave the company an "in-line" rating in a research note on Friday, August 29th. Argus reiterated a "hold" rating on shares of Best Buy in a report on Tuesday, September 16th. Guggenheim reiterated a "buy" rating and set a $90.00 target price on shares of Best Buy in a report on Friday, August 29th. Truist Financial boosted their target price on Best Buy from $69.00 to $72.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Finally, Piper Sandler reiterated a "neutral" rating and set a $75.00 target price (down previously from $82.00) on shares of Best Buy in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Best Buy presently has a consensus rating of "Hold" and a consensus price target of $81.50.

Best Buy Stock Up 0.4%

NYSE BBY opened at $76.91 on Friday. The stock has a market cap of $16.16 billion, a PE ratio of 21.25, a P/E/G ratio of 2.02 and a beta of 1.23. Best Buy Co., Inc. has a fifty-two week low of $54.99 and a fifty-two week high of $101.04. The business has a 50 day moving average price of $72.81 and a two-hundred day moving average price of $70.10. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.43.

Best Buy (NYSE:BBY - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.23 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.Best Buy's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. As a group, sell-side analysts predict that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 18th. Best Buy's dividend payout ratio is presently 104.97%.

Best Buy 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.

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