Dimensional Fund Advisors LP Buys 171050 Shares of Best Buy Co Inc (BBY)
Summary
Dimensional Fund Advisors LP grew its stake in shares of Best Buy Co Inc (NYSE:BBY) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Best Buy announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 27th that permits the company to repurchase $3.00 billion in shares. Wedbush restated a “neutral” rating and set a $65.00 price objective on shares of Best Buy in a research note on Friday, February 22nd. Telsey Advisory Group restated a “market perform” rating and set a $74.00 price objective (up previously from $67.00) on shares of Best Buy in a research note on Thursday, February 28th. In related news, CEO Hubert Joly sold 139,133 shares of the business’s stock in a transaction dated Friday, March 15th.