Best Buy
About: With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Employees: 85,000
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
0.05% less ownership
Funds ownership: 83.59% [Q4 2024] → 83.54% (-0.05%) [Q1 2025]
6% less repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 316
5% less funds holding
Funds holding: 836 [Q4 2024] → 797 (-39) [Q1 2025]
15% less capital invested
Capital invested by funds: $15.3B [Q4 2024] → $13B (-$2.36B) [Q1 2025]
19% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 117
33% less call options, than puts
Call options by funds: $226M | Put options by funds: $335M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Guggenheim Steven Forbes | 29%upside $90 | Buy Reiterated | 10 Jun 2025 |
Loop Capital Anthony Chukumba | 15%upside $80 | Buy Maintained | 30 May 2025 |
Truist Securities Scot Ciccarelli | 1%downside $69 | Hold Maintained | 30 May 2025 |
Piper Sandler Peter Keith | 18%upside $82 | Overweight Maintained | 30 May 2025 |
Barclays Seth Sigman | 6%upside $74 | Equal-Weight Maintained | 30 May 2025 |
Financial journalist opinion
Based on 41 articles about BBY published over the past 30 days
