Havemeyer Place LP Buys New Shares in Best Buy Co., Inc. $BBY

Posted by Francis Steltz on Jun 7th, 2026

Havemeyer Place LP bought a new stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 24,611 shares of the technology retailer’s stock, valued at approximately $1,647,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BBY. Torren Management LLC acquired a new position in Best Buy in the fourth quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in Best Buy in the third quarter valued at $25,000. Hillsdale Investment Management Inc. acquired a new position in Best Buy in the fourth quarter valued at $29,000. Quest 10 Wealth Builders Inc. lifted its holdings in Best Buy by 239.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock valued at $30,000 after buying an additional 311 shares during the period. Finally, Activest Wealth Management lifted its holdings in Best Buy by 1,247.1% in the fourth quarter. Activest Wealth Management now owns 458 shares of the technology retailer’s stock valued at $31,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

Insider Activity

In other Best Buy news, Chairman Richard M. Schulze sold 500,350 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the completion of the sale, the chairman directly owned 10,930,586 shares of the company’s stock, valued at approximately $832,036,206.32. The trade was a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Corie S. Barry sold 42,869 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $2,744,473.38. Following the sale, the chief executive officer directly owned 523,138 shares of the company’s stock, valued at $33,491,294.76. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 579,381 shares of company stock worth $43,163,654. Company insiders own 0.47% of the company’s stock.

Best Buy Price Performance

BBY stock opened at $71.56 on Friday. The company has a market capitalization of $15.08 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. Best Buy Co., Inc. has a 52-week low of $55.10 and a 52-week high of $84.99. The business has a 50-day simple moving average of $63.28 and a two-hundred day simple moving average of $66.72.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.82 billion. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Research analysts expect that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.

Best Buy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, June 18th. Best Buy’s payout ratio is currently 71.11%.

Best Buy News Summary

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

Positive Sentiment: Best Buy reported its first period of positive comparable sales growth in several years, driven by stronger demand in gaming, AI laptops, mobile phones, and other new technology products. The company also pointed to improving higher-margin businesses like Marketplace and Best Buy Ads, which could support profitability. Best Buy Sales Turn Positive As AI Tech Grows And CEO Change Nears
Positive Sentiment: Management’s Q1 update and earnings call were viewed favorably after the company outperformed expectations and highlighted improving demand across emerging product categories, suggesting consumers are still spending on bigger-ticket electronics despite a tougher backdrop. Best Buy’s Q1 Earnings Call: Our Top 5 Analyst Questions
Positive Sentiment: KeyCorp raised its FY2027, FY2028, and Q4 2027 earnings estimates for Best Buy, signaling slightly better expectations for future profitability. KeyCorp estimate updates
Neutral Sentiment: Richard Schulze sold 500,350 Best Buy shares, a headline that may draw attention but does not necessarily change the near-term operating outlook. Richard Schulze Sells 500,350 Shares of Best Buy (NYSE:BBY) Stock
Neutral Sentiment: Broader retail earnings commentary suggested consumers remain cautious overall, which provides context for BBY’s results but is not specific enough to be a direct catalyst by itself. What Do Retail Earnings Reports Tell Us About Consumer Spending Trends?

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler restated a “neutral” rating and issued a $77.00 target price on shares of Best Buy in a report on Thursday, May 28th. HSBC dropped their target price on shares of Best Buy from $96.00 to $85.00 in a report on Thursday, February 26th. The Goldman Sachs Group boosted their target price on shares of Best Buy from $59.00 to $62.00 and gave the company a “sell” rating in a report on Friday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Best Buy from $76.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, Morgan Stanley upped their price objective on shares of Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.05.

Check Out Our Latest Stock Analysis on Best Buy

Best Buy Company Profile

(Free Report)

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.