Best Buy Co., Inc. $BBY Shares Newly Bought by Wedbush Securities Inc.

Posted by Stanley Muller on Oct 26th, 2026

Wedbush Securities Inc. bought a new position in Best Buy Co., Inc. (NYSE:BBY – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 17,486 shares of the technology retailer’s stock, valued at approximately $1,543,000.

Several other large investors have also bought and sold shares of the company. B.A. Schrock Wealth Management Inc. purchased a new stake in Best Buy during the 3rd quarter valued at $2,064,000. Corient Private Wealth LP bought a new stake in shares of Best Buy in the 2nd quarter worth $18,648,000. Munich Reinsurance Co Stock Corp in Munich increased its holdings in shares of Best Buy by 80.0% in the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 92,464 shares of the technology retailer’s stock worth $7,016,000 after purchasing an additional 41,092 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Best Buy in the second quarter worth $2,734,000. Finally, BlackRock Inc. purchased a new position in shares of Best Buy in the second quarter worth $1,932,812,000. 80.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Best Buy

In other news, EVP Kathleen Scarlett sold 116,062 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $92.15, for a total value of $10,695,113.30. Following the transaction, the executive vice president directly owned 116,173 shares in the company, valued at $10,705,341.95. This trade represents a 49.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard Schulze sold 300,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $92.51, for a total value of $27,753,000.00. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is owned by corporate insiders.

Best Buy Stock Down 0.0%

Shares of Best Buy stock opened at $99.85 on Monday. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.26. The company’s 50 day moving average is $89.34 and its 200 day moving average is $78.69. Best Buy Co., Inc. has a twelve month low of $55.10 and a twelve month high of $100.58. 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 (NYSE:BBY – Get Free Report) last issued its earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Research analysts anticipate that Best Buy Co., Inc. will post 6.81 EPS for the current year.

Best Buy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, September 17th. Best Buy’s dividend payout ratio is presently 63.89%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BBY shares. Barclays upped their price target on Best Buy from $77.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 28th. Weiss Ratings raised Best Buy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Telsey Advisory Group lifted their price objective on Best Buy from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Piper Sandler lifted their price objective on Best Buy from $77.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Finally, Morgan Stanley boosted their target price on Best Buy from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.90.

Get Our Latest Research Report on Best Buy

About Best Buy

(Free Report)

Best Buy Co, Inc is a specialty retailer of technology products and services headquartered in Richfield, Minnesota. The company sells consumer electronics, computing and mobile products, entertainment products, appliances, furniture, and related accessories through its retail stores, websites, and other sales channels.

Best Buy also provides technology-related services, including product installation, repair, technical support, delivery, and in-home consultation. Its services are offered through brands and operations such as Geek Squad, while the company also provides membership and protection programs designed to support customers after purchase.

The company serves customers primarily in the United States and Canada.