Janus Henderson Group PLC Sells 1,251,728 Shares of Best Buy Co., Inc. $BBY

Posted by Brian Himes on Aug 10th, 2026

Janus Henderson Group PLC cut its holdings in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 97.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,339 shares of the technology retailer’s stock after selling 1,251,728 shares during the quarter. Janus Henderson Group PLC’s holdings in Best Buy were worth $1,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in Best Buy in the third quarter valued at $25,000. Torren Management LLC bought a new position in Best Buy in the 4th quarter worth $25,000. MV Capital Management Inc. bought a new position in Best Buy in the 4th quarter worth $25,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Best Buy in the 4th quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of Best Buy by 239.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock worth $30,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBY shares. Piper Sandler reiterated a “neutral” rating and set a $77.00 price target on shares of Best Buy in a research report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Best Buy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wedbush upped their target price on Best Buy from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Jefferies Financial Group cut Best Buy from a “buy” rating to a “hold” rating and lowered their target price for the company from $89.00 to $85.00 in a research note on Wednesday. Finally, BNP Paribas Exane lifted their price target on Best Buy from $74.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.55.

View Our Latest Stock Analysis on Best Buy

Insider Buying and Selling

In other news, CAO Mathew Watson sold 1,784 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $73.80, for a total value of $131,659.20. Following the sale, the chief accounting officer directly owned 21,630 shares of the company’s stock, 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 link. Also, Chairman Richard M. Schulze sold 500,350 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $76.12, for a total value of $38,086,642.00. Following the completion of the sale, the chairman directly owned 10,930,586 shares in the company, valued at approximately $832,036,206.32. This represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,002,134 shares of company stock valued at $77,283,527. 0.50% of the stock is owned by corporate insiders.

Best Buy Trading Down 0.1%

NYSE:BBY opened at $81.91 on Monday. Best Buy Co., Inc. has a one year low of $55.10 and a one year high of $91.26. 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 company’s 50-day simple moving average is $79.93 and its 200 day simple moving average is $69.39. The firm has a market capitalization of $17.26 billion, a P/E ratio of 15.17, a PEG ratio of 2.36 and a beta of 1.29.

Best Buy (NYSE:BBY – Get Free Report) last announced its 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. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, analysts forecast that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.

Best Buy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, June 18th. Best Buy’s dividend payout ratio (DPR) is 71.11%.

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.