Best Buy Co., Inc. (NYSE:BBY) is one of the 11 Best Retirement Stocks to Buy According to Analysts. Best Buy Co., Inc. (BBY)’s Chairman Emeritus, Richard M. Schulze, Sells 196,100 Shares of the Company’s Common Stock at a Weighted Average Price of About $74 Pixabay/Public Domain On September 3, 2025, Best Buy Co., Inc. (NYSE:BBY)’s Richard M. Schulze, who is Chairman Emeritus, sold 196,100 shares of the company’s common stock at a weighted average price of about $74, totaling $14.5 million. Based on th ...

Core Viewpoint - The article discusses the performance and outlook of major Wall Street firms, highlighting their financial results and market positioning [1] Group 1: Financial Performance - Major Wall Street firms have reported varying financial results, reflecting the overall health of the financial sector [1] - Specific metrics such as revenue growth and profit margins are analyzed to assess the firms' operational efficiency [1] Group 2: Market Positioning - The article emphasizes the competitive landscape among Wall Street firms, noting how market share and strategic initiatives impact their standing [1] - Trends in investment banking, asset management, and trading activities are explored to understand the firms' future prospects [1]

Industry Overview - Virtual Reality (VR) has become one of the fastest-growing technologies, transforming various industries including gaming, healthcare, training, and cultural preservation [1] - The VR gaming segment reached a market value of approximately $17.96 billion in 2023, with a projected growth rate of 30.4% CAGR through 2032 [2] - North America holds over a third of the global VR market share, with major technology firms investing heavily in software and hardware to enhance accessibility and interactivity [2] Healthcare Applications - VR adoption is increasing in the healthcare sector, where it is used for training medical professionals through immersive simulations and improving patient treatment experiences [3] - The trend of using VR in healthcare is expected to accelerate as the benefits of training and treatment become more evident [3] Cultural and Sports Innovations - VR is being utilized in cultural contexts, such as allowing users to experience historical sites like Sednaya Prison in Syria through augmented reality [4] - In sports, Premier League club Burnley is using VR to provide fans with a "virtual seat" experience at Turf Moor, enhancing the match-day experience for global supporters [4] Investment Opportunities - A list of the 13 Best Virtual Reality Stocks to Buy has been compiled based on hedge fund interest, indicating strong market confidence in these companies [5][7] - The methodology for selecting these stocks involved using the Finviz stock screener and considering the number of hedge funds holding stakes in each stock as of Q2 2025 [7][8] Company Highlights - Snap Inc. (NYSE:SNAP) is highlighted as a top VR stock, with 35 hedge fund holders and positive feedback from marketers regarding its platform performance [9][10] - Best Buy Co., Inc. (NYSE:BBY) is also featured, with 44 hedge fund holders and a recent partnership with Uber Technologies to deliver electronics, including VR headsets, through the Uber Eats platform [12][13][14]

Group 1 - Best Buy has been selected as the exclusive large retailer for the new Meta Ray-Ban Display smart glasses, starting from October 3 [1] - Customers can experience the AI glasses in over 300 Best Buy stores in the U.S. and learn how to interact with specific applications [1] - Meta's CEO Mark Zuckerberg announced the launch of the Meta Ray-Ban Display glasses at the Meta Connect conference, with a starting price of $799 [1] Group 2 - Best Buy will also sell the second generation of Meta Ray-Ban sunglasses and the new Oakley Vanguard glasses, priced at $379 and $499 respectively [1] - The Meta Ray-Ban Display glasses are equipped with a neural wristband [1]

Company Overview - Best Buy Co., Inc. is valued at $15.7 billion and operates as a specialty retailer selling consumer electronics and various appliances [1] - The company is based in Richfield, Minnesota, and has numerous stores across the U.S. and Canada [1][2] Stock Performance - Best Buy's stock reached a 52-week high of $103.48 on September 30, 2024, but is currently trading 28.7% below that peak [3] - Over the past three months, the stock has gained 8.8%, underperforming the Consumer Discretionary Select Sector SPDR Fund (XLY), which surged 14.3% [3] - Year-to-date, the stock has declined 14.1% and has plummeted 25.6% over the past 52 weeks, while XLY has increased by 7.2% and 24.8% respectively [4] Financial Results - In Q2, Best Buy reported a 1.6% growth in comparable sales, the highest in three years, with a topline of $9.4 billion, reflecting a 1.6% year-over-year increase [5] - Despite better-than-expected results, the stock price fell 3.7% following the Q2 earnings release [5] - Non-GAAP EPS declined 4.5% year-over-year to $1.28, although it surpassed consensus estimates by 4.9% [5] Income and Future Outlook - On a GAAP basis, net income fell 36.1% year-over-year to $186 million, largely due to $114 million spent on restructuring efforts [6] - The company expresses uncertainty regarding a substantial turnaround in the coming quarters, citing concerns over the impact of tariffs on its business [6]

Core Viewpoint - Argus maintains a Hold rating on Best Buy (BBY) while expressing confidence in the company's investments in e-commerce infrastructure and management's adaptability, which positions the firm to launch new initiatives successfully [1] Group 1: Company Performance - Best Buy is expected to benefit from increased sales of new computers, tablets, phones, and wearable devices that are optimized for artificial intelligence products [1] - The analyst suggests that the firm would "strongly consider" adding Best Buy stock to its Buy list, indicating potential for future growth [1]

Retail Sales Performance - US retail sales in August rose by 0.6%, surpassing the expected 0.2% increase, indicating stronger consumer spending [1] - Sales at electronics and appliance stores increased by 0.3% during the back-to-school shopping month [1] Sector-Specific Sales Growth - Clothing and clothing accessories sales grew by 1%, while sporting goods, hobby, musical instrument, and book stores saw a rise of 0.8% [2] - Nonstore retailers, including e-commerce, experienced a sales increase of 2% [2] Consumer Behavior Insights - Best Buy's CEO noted that consumers are actively seeking value, with a bifurcation in spending habits where some are willing to spend on perceived great value items [3] - Best Buy reported low single-digit same-store sales growth in late August, particularly strong during the back-to-school period [3] Product Trends - Consumers are still willing to invest in new products, such as the Nintendo Switch 2 and Apple's updated product lineup, despite a focus on discretionary purchases [3][4] Broader Retail Trends - Other retailers, including Walmart and dollar stores, are observing high-income shoppers trading down to lower-priced options to maximize their spending [5] - Dollar General's CEO indicated that all customer cohorts, including mid- and high-end consumers, are currently seeking value [6]

Group 1 - Best Buy is preparing for the holiday season with significant savings and enhanced shopping experiences [1] - The company aims to offer a variety of products suitable for gifting and hosting, catering to all budgets [1] - Best Buy is focused on inspiring customers and enhancing their shopping experience during the holiday season [1]

Group 1 - Best Buy Co., Inc. has appointed Meghan Frank to its Board of Directors, effective immediately [1] - Meghan Frank is currently the Chief Financial Officer of lululemon, overseeing various financial operations since November 2020 [1] - Her responsibilities include finance, tax, treasury, investor relations, asset protection, facilities, planning and allocations, and strategy [1]

Group 1: Foot Locker Executive Changes - CEO Mary Dillon, President Frank Bracken, and other executives departed Foot Locker following the completion of its deal with Dick's Sporting Goods [2] - Chief Financial Officer Mike Baughn, Chief Operations Officer Elliott Rodgers, and Chief Human Resources Officer Cindy Carlisle also left the company [3] - Dick's Sporting Goods appointed new leaders for Foot Locker's North America business, including Peter Scaturro as CFO [3][4] Group 2: Leadership Structure Post-Acquisition - Foot Locker will now be overseen by Dick's Executive Chairman Ed Stack and two presidents, one for international and one for North America [4] - Ann Freeman, a 26-year Nike veteran, will lead the North American operations [4] Group 3: Best Buy Board Appointment - Lululemon CFO Meghan Frank has joined Best Buy's board of directors, bringing over 20 years of industry experience [4][5] - Best Buy CEO Corie Barry highlighted Frank's leadership experience as a valuable addition to the board [5] Group 4: Walmart Expansion - Walmart announced plans to open its first branded stores in South Africa this year, with official opening dates to be revealed in October [5][6] - Massmart president and CEO Miles Van Rensburg expressed excitement about introducing the Walmart brand to South Africa [6]