Moore Capital Management LP Acquires New Position in Best Buy Co., Inc. $BBY

Posted by Stanley Muller on Sep 1st, 2026

Moore Capital Management LP acquired a new stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 12,161 shares of the technology retailer’s stock, valued at approximately $923,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Best Buy in the second quarter valued at approximately $1,932,812,000. AQR Capital Management LLC boosted its stake in Best Buy by 30.9% during the fourth quarter. AQR Capital Management LLC now owns 9,158,839 shares of the technology retailer’s stock worth $613,001,000 after buying an additional 2,160,968 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Best Buy by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,452,642 shares of the technology retailer’s stock worth $498,805,000 after buying an additional 160,713 shares during the last quarter. Invesco Ltd. grew its holdings in Best Buy by 6.1% in the 4th quarter. Invesco Ltd. now owns 4,732,080 shares of the technology retailer’s stock valued at $316,718,000 after buying an additional 271,988 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Best Buy by 19.1% in the 4th quarter. Morgan Stanley now owns 3,778,294 shares of the technology retailer’s stock worth $252,881,000 after acquiring an additional 605,911 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Best Buy Trading Down 2.6%

Shares of BBY stock opened at $80.31 on Tuesday. Best Buy Co., Inc. has a 1-year low of $55.10 and a 1-year high of $91.26. The firm has a market cap of $16.93 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a 50-day moving average of $83.24 and a two-hundred day moving average of $71.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 0.41.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.39 by $0.08. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.59 billion. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. On average, analysts predict that Best Buy Co., Inc. will post 6.79 EPS for the current year.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $3.84 annualized dividend and a dividend yield of 4.8%. Best Buy’s dividend payout ratio (DPR) is presently 63.89%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BBY. Piper Sandler lifted their price target on Best Buy from $77.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. The Goldman Sachs Group raised their price objective on shares of Best Buy from $62.00 to $71.00 and gave the stock a “sell” rating in a research report on Friday. Daiwa Securities Group lifted their target price on shares of Best Buy from $68.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. BNP Paribas Exane increased their price target on shares of Best Buy from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Barclays raised their price target on shares of Best Buy from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Best Buy presently has a consensus rating of “Hold” and a consensus price target of $85.40.

Get Our Latest Stock Analysis on Best Buy

Insider Activity at Best Buy

In other news, Chairman Richard M. Schulze sold 224,705 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the sale, the chairman owned 10,430,936 shares of the company’s stock, valued at approximately $814,656,101.60. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 500,000 shares of company stock valued at $39,065,226 in the last three months. Insiders own 0.50% of the company’s stock.

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.