New York State Teachers Retirement System Purchases 10,874 Shares of Best Buy Co., Inc. $BBY

Posted by Francis Steltz on Jul 6th, 2026

New York State Teachers Retirement System raised its position in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,349 shares of the technology retailer’s stock after purchasing an additional 10,874 shares during the period. New York State Teachers Retirement System’s holdings in Best Buy were worth $12,670,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Best Buy in the 1st quarter worth about $2,703,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Best Buy by 74.6% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,972 shares of the technology retailer’s stock valued at $5,327,000 after purchasing an additional 35,450 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Best Buy during the 1st quarter valued at about $2,851,000. Sound Income Strategies LLC raised its holdings in shares of Best Buy by 694.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,820 shares of the technology retailer’s stock valued at $117,000 after buying an additional 1,591 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in Best Buy by 438.1% in the 1st quarter. Root Financial Partners LLC now owns 2,895 shares of the technology retailer’s stock worth $186,000 after buying an additional 2,357 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

Insider Buying and Selling at Best Buy

In other Best Buy news, CAO Mathew Watson sold 1,784 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the sale, the chief accounting officer owned 21,630 shares of the company’s stock, valued at $1,596,294. This trade represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard M. Schulze sold 224,705 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the transaction, the chairman directly owned 10,430,936 shares of the company’s stock, valued at approximately $814,656,101.60. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,002,134 shares of company stock valued at $77,283,527 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Best Buy Price Performance

Shares of Best Buy stock opened at $77.81 on Monday. 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 business’s 50 day simple moving average is $68.18 and its two-hundred day simple moving average is $66.77. The stock has a market capitalization of $16.40 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30. Best Buy Co., Inc. has a one year low of $55.10 and a one year high of $84.99.

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

Best Buy Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, June 18th. This represents a $3.84 annualized dividend and a yield of 4.9%. Best Buy’s dividend payout ratio is presently 71.11%.

Analyst Upgrades and Downgrades

BBY has been the subject of several research reports. Jefferies Financial Group upped their target price on Best Buy from $83.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Best Buy from $76.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush increased their target price on shares of Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company lifted their target price on shares of Best Buy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Best Buy has a consensus rating of “Hold” and a consensus target price of $79.50.

Check Out Our Latest Analysis on Best Buy

Best Buy 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.