Empirical Finance LLC Increases Position in Best Buy Co., Inc. $BBY

Posted by George Bondi on Sep 10th, 2026

Empirical Finance LLC increased its position in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 153.0% during the 2nd quarter, Holdings Channel reports. The firm owned 17,467 shares of the technology retailer’s stock after acquiring an additional 10,563 shares during the period. Empirical Finance LLC’s holdings in Best Buy were worth $1,325,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BBY. Palisade Asset Management LLC bought a new position in Best Buy in the 3rd quarter worth $25,000. MV Capital Management Inc. bought a new stake in Best Buy during the fourth quarter valued at about $25,000. Hillsdale Investment Management Inc. bought a new stake in Best Buy during the fourth quarter valued at about $29,000. Atlas Capital Advisors Inc. purchased a new position in shares of Best Buy in the fourth quarter valued at about $32,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Best Buy in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of Best Buy in a research report on Monday, June 22nd. Evercore boosted their price target on Best Buy from $65.00 to $85.00 in a report on Friday, May 29th. Weiss Ratings raised shares of Best Buy from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Piper Sandler lifted their price objective on shares of Best Buy from $77.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, BNP Paribas Exane upped their target price on shares of Best Buy from $74.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Best Buy currently has an average rating of “Hold” and an average target price of $85.40.

Get Our Latest Report on Best Buy

Insiders Place Their Bets

In other Best Buy news, Chairman Richard Schulze sold 224,705 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $78.10, for a total value of $17,549,460.50. Following the completion of the sale, the chairman owned 10,430,936 shares of the company’s stock, valued at $814,656,101.60. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 500,000 shares of company stock valued at $39,065,226. Corporate insiders own 0.50% of the company’s stock.

Best Buy Stock Down 1.5%

NYSE BBY opened at $88.01 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. Best Buy Co., Inc. has a 52 week low of $55.10 and a 52 week high of $91.26. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.23 and a beta of 1.28. The company has a fifty day moving average of $84.77 and a two-hundred day moving average of $72.52.

Best Buy (NYSE:BBY – Get Free Report) last announced its earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.08. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. 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 6.81 earnings per share for the current year.

Best Buy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, September 17th. Best Buy’s dividend payout ratio is presently 63.89%.

Best Buy Company Profile

(Free Report)

Best Buy Co, Inc is a specialty retailer of technology products and services operating under the Best Buy brand. The company sells consumer electronics, computers, mobile phones, appliances, entertainment products, smart-home equipment, and related accessories through its retail stores, websites, and other sales channels.

Best Buy also provides technology support, installation, repair, and consultation services through Geek Squad. Its offerings include assistance with device setup, home theater installation, computer and appliance support, and technology solutions for consumers and small businesses.