Thompson Siegel & Walmsley LLC Invests $4.40 Million in Best Buy Co., Inc. $BBY

Thompson Siegel & Walmsley LLC acquired a new position in Best Buy Co., Inc. (NYSE:BBY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 65,700 shares of the technology retailer’s stock, valued at approximately $4,397,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BBY. Woodline Partners LP increased its stake in Best Buy by 40.1% during the first quarter. Woodline Partners LP now owns 16,436 shares of the technology retailer’s stock valued at $1,210,000 after acquiring an additional 4,701 shares during the period. Daiwa Securities Group Inc. increased its stake in Best Buy by 4.4% during the second quarter. Daiwa Securities Group Inc. now owns 29,560 shares of the technology retailer’s stock valued at $1,984,000 after acquiring an additional 1,234 shares during the period. Investment Management Corp of Ontario increased its stake in Best Buy by 127.7% during the second quarter. Investment Management Corp of Ontario now owns 12,997 shares of the technology retailer’s stock valued at $872,000 after acquiring an additional 7,288 shares during the period. Ieq Capital LLC increased its stake in Best Buy by 155.4% during the second quarter. Ieq Capital LLC now owns 160,568 shares of the technology retailer’s stock valued at $10,779,000 after acquiring an additional 97,688 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Best Buy by 32.0% during the second quarter. Alliancebernstein L.P. now owns 313,584 shares of the technology retailer’s stock valued at $21,051,000 after acquiring an additional 76,102 shares during the period. 80.96% of the stock is currently owned by institutional investors.

Best Buy Stock Down 3.9%

Shares of BBY opened at $74.89 on Tuesday. The business’s 50 day simple moving average is $62.51 and its 200-day simple moving average is $66.78. Best Buy Co., Inc. has a one year low of $55.10 and a one year high of $84.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.40. The company has a market capitalization of $15.78 billion, a P/E ratio of 13.87, a PEG ratio of 2.09 and a beta of 1.30.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.05. The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.82 billion. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, sell-side analysts predict that Best Buy Co., Inc. will post 6.5 EPS for the current fiscal year.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.96 per share. The ex-dividend date is Thursday, June 18th. This represents a $3.84 annualized dividend and a dividend yield of 5.1%. Best Buy’s payout ratio is presently 71.11%.

Insider Activity at Best Buy

In other Best Buy news, EVP Kathleen Scarlett sold 8,049 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $515,296.98. Following the completion of the sale, the executive vice president owned 102,669 shares in the company, valued at approximately $6,572,869.38. The trade was a 7.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mathew Watson sold 3,298 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $211,137.96. Following the sale, the chief accounting officer owned 23,192 shares of the company’s stock, valued at $1,484,751.84. The trade was a 12.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 77,247 shares of company stock worth $4,945,353. 0.47% of the stock is owned by company insiders.

Key Headlines Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Best Buy’s latest quarter came in ahead of expectations, with revenue of $8.94 billion and EPS of $1.28, helped by stronger AI laptop demand and gaming sales. Should You Buy Best Buy Stock for Its 4.9%-Yielding Dividend?
• Positive Sentiment: Management highlighted growth in Marketplace and Best Buy Ads, plus new tech launches, while reaffirming its fiscal 2027 outlook. Best Buy Q1 Earnings Call Highlights Marketplace Growth, CEO Shift
• Positive Sentiment: Commentary around AI-powered laptops and the company’s turnaround potential has added optimism that Best Buy can benefit from better product cycles and demand trends. Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround
• Positive Sentiment: Jim Cramer also pointed to Best Buy as a strong performer, reinforcing a bullish investor narrative around the stock. Jim Cramer Highlights the Strong Performance of Best Buy
• Neutral Sentiment: Several articles frame Best Buy as a closely watched retail name and discuss whether the stock is undervalued, suggesting investors are still debating the durability of the rebound. Best Buy Co Inc (BBY) Stock Down 3.8% — Now Undervalued? GF Score: 72/100
• Negative Sentiment: Despite solid earnings, BBY has sold off, indicating the market may be reacting to valuation concerns, expectations for slower growth, or simple post-earnings profit-taking. Best Buy Co Inc (BBY) Stock Down 3.8% — Now Undervalued? GF Score: 72/100
• Negative Sentiment: A separate article cautioning on unpopular stocks may add a modestly bearish tone, though it does not appear to cite a new company-specific problem. 3 Unpopular Stocks We Approach with Caution

Analysts Set New Price Targets

Several brokerages recently issued reports on BBY. BNP Paribas Exane boosted their price target on Best Buy from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group restated a “neutral” rating and set a $86.00 price target (up from $85.00) on shares of Best Buy in a research note on Friday. Morgan Stanley boosted their price target on Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday. Wedbush boosted their price target on Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Jefferies Financial Group lifted their price objective on Best Buy from $83.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.60.

About Best Buy

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.