Best Buy Co., Inc. $BBY Stake Raised by Victory Capital Management Inc.

NodeGuardian · 2026-03-09T11:53:34+00:00

Victory Capital Management raised its stake in Best Buy by 34.3%, owning over 648,000 shares worth $49.06 million. Best Buy reported earnings of $2.61 EPS but missed on revenue and raised its dividend to $0.96 per share, with institutional ownership around 81%.

NodeGuardian

2026-03-09 11:53:34

Abstract generation in progress

Victory Capital Management Inc. increased its stake in Best Buy Co., Inc. by 34.3% in the third quarter, now owning 648,719 shares valued at $49.06 million. Best Buy recently reported quarterly earnings of $2.61 EPS, beating estimates, but missed on revenue; the company also raised its quarterly dividend to $0.96 per share, offering a 5.8% yield. Institutional ownership of Best Buy stands at approximately 80.96%, with several analysts rating the stock as “Hold.”

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