OMERS ADMINISTRATION Corp Boosts Stock Holdings in Best Buy Co., Inc. $BBY

Posted by George Bondi on Jul 29th, 2026

OMERS ADMINISTRATION Corp boosted its position in Best Buy Co., Inc. (NYSE:BBY – Free Report) by 30.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,965 shares of the technology retailer’s stock after purchasing an additional 10,873 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Best Buy were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC raised its stake in shares of Best Buy by 3.0% during the 4th quarter. Krane Funds Advisors LLC now owns 5,163 shares of the technology retailer’s stock worth $346,000 after buying an additional 151 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Best Buy by 0.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,637 shares of the technology retailer’s stock valued at $1,114,000 after buying an additional 152 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Best Buy by 3.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 4,270 shares of the technology retailer’s stock valued at $286,000 after buying an additional 157 shares in the last quarter. J. Team Financial Inc. boosted its stake in shares of Best Buy by 4.2% in the fourth quarter. J. Team Financial Inc. now owns 4,251 shares of the technology retailer’s stock valued at $285,000 after buying an additional 171 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Best Buy by 6.2% during the fourth quarter. UMB Bank n.a. now owns 3,158 shares of the technology retailer’s stock worth $211,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Insider Activity

In other Best Buy news, CAO Mathew Watson sold 1,784 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $73.80, for a total transaction of $131,659.20. Following the completion of the transaction, the chief accounting officer directly owned 21,630 shares in the company, valued at approximately $1,596,294. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard M. Schulze sold 500,350 shares of Best Buy stock in a transaction dated 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 transaction, the chairman 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,002,134 shares of company stock valued at $77,283,527 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Best Buy Stock Up 1.1%

BBY opened at $89.46 on Wednesday. The business’s fifty day moving average is $76.80 and its two-hundred day moving average is $68.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.35 and a beta of 1.30. Best Buy Co., Inc. has a one year low of $55.10 and a one year high of $90.72.

Best Buy (NYSE:BBY – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. The business had revenue of $8.94 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Analysts anticipate that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 18th. Best Buy’s dividend payout ratio is presently 71.11%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BBY shares. Weiss Ratings upgraded Best Buy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Evercore boosted their target price on shares of Best Buy from $65.00 to $85.00 in a research report on Friday, May 29th. BNP Paribas Exane upped their price target on shares of Best Buy from $74.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Piper Sandler reiterated a “neutral” rating and issued a $77.00 price target on shares of Best Buy in a report on Thursday, May 28th. Finally, Daiwa Securities Group boosted their price objective on shares of Best Buy from $68.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Best Buy currently has a consensus rating of “Hold” and an average target price of $79.50.

Read Our Latest Stock Report on Best Buy

About Best Buy

(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.