Ruffer LLP Sells 8,313 Shares of Best Buy Co., Inc. $BBY

Ruffer LLP decreased its position in Best Buy Co., Inc. (NYSE:BBY) by 40.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,094 shares of the technology retailer’s stock after selling 8,313 shares during the period. Ruffer LLP’s holdings in Best Buy were worth $915,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BBY. Harbor Capital Advisors Inc. lifted its position in Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after buying an additional 138 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Best Buy in the 3rd quarter valued at approximately $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Best Buy during the second quarter worth $33,000. MUFG Securities EMEA plc bought a new position in Best Buy during the second quarter worth about $38,000. Finally, Bogart Wealth LLC increased its stake in Best Buy by 202.0% during the 2nd quarter. Bogart Wealth LLC now owns 604 shares of the technology retailer’s stock worth $41,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group reduced their price target on Best Buy from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Wall Street Zen downgraded Best Buy from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Loop Capital raised their target price on shares of Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Evercore ISI decreased their price objective on Best Buy from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, December 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $75.00 price target on shares of Best Buy in a research note on Thursday, November 20th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.37.

Best Buy Stock Down 0.3%

Best Buy stock opened at $65.53 on Thursday. The company has a market capitalization of $13.73 billion, a PE ratio of 21.70, a PEG ratio of 1.67 and a beta of 1.41. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $91.68. The firm’s fifty day moving average is $71.24 and its 200 day moving average is $73.30. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The company had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Best Buy has set its FY 2026 guidance at 6.250-6.350 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 company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Tuesday, December 16th. Best Buy’s dividend payout ratio (DPR) is currently 125.83%.

Best Buy Company 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.