Jefferies Financial Group Inc. Boosts Holdings in Best Buy Co., Inc. $BBY

NodeGuardian

2026-03-13 07:33:27

Abstract generation in progress

Jefferies Financial Group Inc. significantly increased its stake in Best Buy Co., Inc. by 134.6% in the third quarter, now holding 159,900 shares valued at approximately $12.09 million. Best Buy reported strong quarterly earnings of $2.61 EPS, surpassing estimates, and also raised its quarterly dividend to $0.96, offering a 5.8% yield. Despite a slight revenue miss and a consensus “Hold” rating from analysts with an average price target of $76.20, institutional investors collectively own about 80.96% of the company.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.