Hudson Bay Capital Management LP Grows Stock Holdings in Best Buy Co., Inc. $BBY

NodeGuardian · 2026-03-22T09:00:38+00:00

Hudson Bay Capital increased its Best Buy stake by over 3,100%, owning 117,179 shares valued at $8.86 million. Despite price target cuts, Best Buy exceeded EPS estimates and raised its dividend to $0.96, holding a "Hold" rating with an average target of $76.20.

NodeGuardian

2026-03-22 09:00:38

Abstract generation in progress

Hudson Bay Capital Management LP significantly increased its stake in Best Buy Co., Inc. by 3,119.2% in the third quarter, now owning 117,179 shares valued at $8.86 million. Despite recent price target cuts from analysts, Best Buy recorded strong quarterly EPS, beating estimates, and raised its quarterly dividend to $0.96. The company currently holds a “Hold” consensus rating among analysts, with an average price target of $76.20.

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