Best Buy Co., Inc. $BBY Shares Bought by Shariaportfolio Inc.

Posted by Geri Gentry on Aug 3rd, 2026

Shariaportfolio Inc. raised its stake in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 27.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 35,874 shares of the technology retailer’s stock after acquiring an additional 7,652 shares during the period. Best Buy comprises about 1.0% of Shariaportfolio Inc.’s investment portfolio, making the stock its 16th biggest position. Shariaportfolio Inc.’s holdings in Best Buy were worth $2,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Torren Management LLC purchased a new stake in shares of Best Buy in the fourth quarter worth about $25,000. MV Capital Management Inc. purchased a new position in Best Buy during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in Best Buy during the third quarter valued at approximately $25,000. Hillsdale Investment Management Inc. acquired a new position in Best Buy in the fourth quarter valued at approximately $29,000. Finally, 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 acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

Best Buy Stock Down 0.1%

Shares of BBY opened at $86.19 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38. Best Buy Co., Inc. has a 12 month low of $55.10 and a 12 month high of $91.26. The stock’s 50 day moving average is $78.41 and its two-hundred day moving average is $68.83. The firm has a market cap of $18.17 billion, a P/E ratio of 15.96, a PEG ratio of 2.29 and a beta of 1.30.

Best Buy (NYSE:BBY – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The technology retailer reported $1.28 EPS 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 was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Analysts predict that Best Buy Co., Inc. will post 6.56 earnings per share for the current fiscal year.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, June 18th. Best Buy’s payout ratio is presently 71.11%.

Insider Buying and Selling at Best Buy

In other Best Buy news, CAO Mathew Watson sold 1,784 shares of the company’s stock in a transaction on 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 represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard M. Schulze sold 224,705 shares of the stock in a transaction on 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 in the company, valued at approximately $814,656,101.60. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,002,134 shares of company stock valued at $77,283,527. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BBY. BNP Paribas Exane raised their price objective 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. Morgan Stanley boosted their target price on shares of Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Loop Capital lowered shares of Best Buy from a “buy” rating to a “hold” rating and set a $82.00 price target on the stock. in a research report on Monday, July 13th. Finally, Telsey Advisory Group set a $90.00 price objective on shares of Best Buy and gave the company an “outperform” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.