Best Buy
About: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 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-19 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 325 | Existing positions reduced: 282
1.36% more ownership
Funds ownership: 82.13% [Q3] → 83.48% (+1.36%) [Q4]
9% less first-time investments, than exits
New positions opened: 126 | Existing positions closed: 139
3% less funds holding
Funds holding: 861 [Q3] → 831 (-30) [Q4]
15% less call options, than puts
Call options by funds: $476M | Put options by funds: $559M
16% less capital invested
Capital invested by funds: $18.2B [Q3] → $15.3B (-$2.85B) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 0 (-2) [Q4]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
DA Davidson Michael Baker 28% 1-year accuracy 13 / 46 met price target | 73%upside $110 | Buy Maintained | 14 Apr 2025 |
Truist Securities Scot Ciccarelli 41% 1-year accuracy 24 / 59 met price target | 1%upside $64 | Hold Maintained | 8 Apr 2025 |
Citigroup Steven Zaccone 39% 1-year accuracy 7 / 18 met price target | 10%upside $70 | Neutral Downgraded | 3 Apr 2025 |
Wells Fargo Zachary Fadem 35% 1-year accuracy 13 / 37 met price target | 34%upside $85 | Equal-Weight Maintained | 5 Mar 2025 |
UBS Michael Lasser 46% 1-year accuracy 18 / 39 met price target | 65%upside $105 | Buy Maintained | 5 Mar 2025 |
Financial journalist opinion
Based on 9 articles about BBY published over the past 30 days









