Best Buy (NYSE:BBY) Insider Todd Hartman Sells 5,339 Shares of Stock

Best Buy Co., Inc. (NYSE:BBY) insider Todd Hartman sold 5,339 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $341,802.78. Following the completion of the sale, the insider owned 44,098 shares of the company’s stock, valued at approximately $2,823,153.96. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Best Buy Stock Performance

Shares of BBY stock opened at $60.46 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 1.11. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46. Best Buy Co., Inc. has a one year low of $54.99 and a one year high of $84.99. The company has a 50 day moving average price of $65.18 and a 200 day moving average price of $71.75.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.13. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The company had revenue of $13.81 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same quarter last year, the business earned $2.58 EPS. Best Buy’s revenue for the quarter was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Sell-side analysts anticipate that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, March 24th. This is an increase from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 dividend on an annualized basis and a yield of 6.4%. Best Buy’s payout ratio is 76.19%.

Institutional Investors Weigh In On Best Buy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Best Buy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock worth $1,810,904,000 after acquiring an additional 552,360 shares during the period. Commonwealth Equity Services LLC grew its stake in Best Buy by 46.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 142,288 shares of the technology retailer’s stock valued at $10,760,000 after purchasing an additional 44,989 shares in the last quarter. CWM LLC increased its holdings in Best Buy by 272.6% during the 3rd quarter. CWM LLC now owns 183,842 shares of the technology retailer’s stock worth $13,902,000 after purchasing an additional 134,508 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Best Buy by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,754,844 shares of the technology retailer’s stock valued at $132,701,000 after purchasing an additional 39,026 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Best Buy by 155.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 157,400 shares of the technology retailer’s stock valued at $11,903,000 after buying an additional 95,900 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Key Stories Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Analysts and media are highlighting Best Buy’s long dividend track record — the company has raised its payout for 22 consecutive years and the yield sits around 6.1%, which supports income-focused demand for the shares. This underpins the stock’s appeal to dividend investors. Best Buy’s 6.1% Dividend Yield and 22-Year Streak Look Safe, but Here’s the Risk
• Negative Sentiment: Multiple senior executives sold shares on March 23 (including CEO Corie Barry, CFO Matthew Bilunas and several EVPs/insiders), reducing their holdings by roughly 7–13% in reported transactions — a pattern that can be read as a negative signal or profit-taking by insiders. Example SEC filing for the CEO sale: SEC Filing – CEO Sale
• Negative Sentiment: Recent commentary (Yahoo Finance) calls out risks for BBY tied to softer quarterly results and underperformance versus the S&P over the past six months, which may raise concerns about near-term growth and valuation even as the dividend looks attractive. 3 Reasons BBY is Risky and 1 Stock to Buy Instead

Analysts Set New Price Targets

BBY has been the subject of several research analyst reports. Daiwa Securities Group dropped their price target on Best Buy from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Wedbush decreased their target price on Best Buy from $80.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. DA Davidson set a $78.00 target price on shares of Best Buy in a research report on Thursday, March 5th. Jefferies Financial Group cut their price target on shares of Best Buy from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of Best Buy in a research report on Wednesday, March 4th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.20.

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.