Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $1.83 Million Position in Best Buy Co., Inc. $BBY

24 May 2026, 04:17 by Jessica Moore · The Cerbat Gem

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 27,340 shares of the technology retailer’s stock, valued at approximately $1,830,000.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in shares of Best Buy by 49.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,280 shares of the technology retailer’s stock valued at $755,000 after acquiring an additional 3,718 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Best Buy during the 4th quarter valued at about $2,052,000. Evoke Wealth LLC boosted its position in shares of Best Buy by 22.6% during the 4th quarter. Evoke Wealth LLC now owns 5,896 shares of the technology retailer’s stock valued at $400,000 after acquiring an additional 1,088 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Best Buy by 1,115.8% during the 4th quarter. Global Retirement Partners LLC now owns 16,741 shares of the technology retailer’s stock valued at $1,121,000 after acquiring an additional 15,364 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC bought a new stake in shares of Best Buy during the 4th quarter valued at about $220,000. Institutional investors own 80.96% of the company’s stock.

Best Buy Stock Performance

Shares of NYSE BBY opened at $61.53 on Friday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.52 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. Best Buy Co., Inc. has a 1-year low of $55.10 and a 1-year high of $84.99. The stock’s 50-day moving average is $61.72 and its 200 day moving average is $67.28.

Best Buy (NYSE:BBY – Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.13. The company had revenue of $13.81 billion for the quarter, compared to analysts’ expectations of $13.96 billion. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.Best Buy’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, sell-side analysts anticipate that Best Buy Co., Inc. will post 6.5 EPS for the current fiscal year.

Best Buy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 24th were paid a $0.96 dividend. This is an increase from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $3.84 dividend on an annualized basis and a yield of 6.2%. Best Buy’s payout ratio is presently 76.19%.

Key Stories Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

Positive Sentiment: Best Buy is being viewed as likely to post solid first-quarter results, with analysts expecting in-line comparable sales and year-over-year earnings growth, which could help support the stock if the company meets those expectations. Best Buy Poised for In-Line First-Quarter Comparable Sales, Wedbush Says
Positive Sentiment: Recent momentum has improved, with the stock outperforming over the past week even though it remains down year to date, suggesting investors may be positioning for the upcoming report. A Look At Best Buy Valuation As Earnings Expectations And Cautious Sentiment Shape The May 28 Report
Neutral Sentiment: New back-to-school-style promotions in Canada, such as BMO’s student tech reward tied to Best Buy Canada, may help traffic, but the announcement appears more promotional than material for near-term earnings. Is Best Buy’s Student Tech Perks Masking Deeper Supply Chain And Leadership Questions?
Negative Sentiment: Investor caution is rising because Best Buy is dealing with product shortages and an upcoming CEO transition, both of which could cloud the earnings outlook and pressure sentiment if management gives a conservative forecast. Is Best Buy’s Student Tech Perks Masking Deeper Supply Chain And Leadership Questions?
Negative Sentiment: Several previews note that Best Buy may not have the best setup for an earnings beat, which could limit upside if results only match expectations rather than exceed them. Best Buy (BBY) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

Wall Street Analysts Forecast Growth

BBY has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Best Buy from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Jefferies Financial Group dropped their price target on Best Buy from $94.00 to $89.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Truist Financial decreased their price objective on Best Buy from $73.00 to $66.00 and set a “hold” rating on the stock in a report on Tuesday, March 3rd. BNP Paribas Exane raised their price objective on Best Buy from $68.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Finally, DA Davidson set a $78.00 price objective on Best Buy in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.80.

Check Out Our Latest Analysis on BBY

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 11,356 shares of Best Buy stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $727,011.12. Following the transaction, the chief financial officer directly owned 76,884 shares of the company’s stock, valued at $4,922,113.68. The trade was a 12.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd G. Hartman sold 5,339 shares of Best Buy stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $341,802.78. Following the completion of the transaction, the insider directly owned 44,098 shares in the company, valued at $2,823,153.96. This trade represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 77,247 shares of company stock worth $4,945,353. 0.47% of the stock is currently owned by corporate insiders.

Best Buy 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.

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