Skylands Capital LLC Acquires 18,525 Shares of Best Buy Co., Inc. $BBY

28 Jun 2026, 10:17 by Tristan Rich · The Markets Daily

Skylands Capital LLC lifted its holdings in shares of Best Buy Co., Inc. (NYSE:BBY – Free Report) by 42.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,950 shares of the technology retailer’s stock after buying an additional 18,525 shares during the period. Skylands Capital LLC’s holdings in Best Buy were worth $3,977,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in shares of Best Buy in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new stake in Best Buy during the fourth quarter worth about $25,000. Torren Management LLC acquired a new position in Best Buy during the fourth quarter valued at approximately $25,000. Hillsdale Investment Management Inc. acquired a new position in Best Buy during the fourth quarter valued at approximately $29,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in Best Buy by 239.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock valued at $30,000 after purchasing an additional 311 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.

Best Buy Stock Performance

BBY opened at $77.91 on Friday. Best Buy Co., Inc. has a 12-month low of $55.10 and a 12-month high of $84.99. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.07 and a beta of 1.30. The business has a 50 day moving average of $67.01 and a 200-day moving average of $66.68. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

Best Buy (NYSE:BBY – Get Free Report) last posted its earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the firm earned $1.15 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities research analysts expect that Best Buy Co., Inc. will post 6.56 earnings per share for the current year.

Best Buy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, June 18th. Best Buy’s payout ratio is 71.11%.

Analysts Set New Price Targets

Several research firms have weighed in on BBY. Truist Financial boosted their price target on Best Buy from $66.00 to $81.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Wedbush raised their target price on shares of Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. The Goldman Sachs Group boosted their target price on shares of Best Buy from $59.00 to $62.00 and gave the stock a “sell” rating in a report on Friday, May 29th. Wells Fargo & Company increased their price target on shares of Best Buy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Guggenheim reissued a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a research report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.50.

Read Our Latest Stock Analysis on BBY

Insider Buying and Selling at Best Buy

In related news, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $73.80, for a total transaction of $131,659.20. Following the completion of the sale, the chief accounting officer owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. The trade was a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard M. Schulze sold 500,350 shares of Best Buy stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the sale, the chairman directly owned 10,930,586 shares of the company’s stock, valued at $832,036,206.32. The trade was a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,002,134 shares of company stock worth $77,283,527. Corporate insiders own 0.50% of the company’s stock.

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.