Brighton Jones LLC and
Russell Investments Group Ltd. along with
American Century Companies Inc. have increased their holdings in
Best Buy Co., Inc. (BBY). Best Buy delivers a
mixed Q1 report, but cuts future outlook on the impacts of tariffs. Despite tariff complications, the firm maintained
sales recovery in Q3 and
Best Buy's digital marketplace has also launched, attracting call traders. The company continued to recover notwithstanding a challenging environment and revealed a strong surge in Q3 revenue. Some analysts are cautious with the firm's future, taking into account the company downgrading the stock to
neutral on growth concerns and cutting the profit outlook due to tariffs. Chairman Emeritus, Richard M. Schulze sold off 196,100 shares. The firm's strong financial performance resulted in a
quarterly cash dividend of $0.95 announced. While some sources are suggesting a potential 50% plunge in Best Buy stock, the strong trading day outperforms competitors. The company also welcomed two new board members,
Meghan Frank, and
Dylan Jadeja. Best Buy also established
IKEA planning centers in FL and TX which instigate speculation regarding the future growth of BBY.
Best Buy Company Stocks BBY News Analytics from Mon, 03 Mar 2025 08:00:00 GMT to Tue, 23 Dec 2025 08:46:06 GMT -
Rating 6
- Innovation 0
- Information 7
- Rumor -2
