Best Buy (NYSE:BBY) CEO Sells $2,744,473.38 in Stock

Best Buy Co., Inc. (NYSE:BBY) CEO Corie Barry sold 42,869 shares of the company’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 value of $2,744,473.38. Following the completion of the sale, the chief executive officer owned 523,138 shares in the company, valued at approximately $33,491,294.76. This represents a 7.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Best Buy Price Performance

Shares of NYSE:BBY opened at $63.14 on Friday. Best Buy Co., Inc. has a twelve month low of $54.99 and a twelve month high of $84.99. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.20 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. The company’s 50 day moving average is $65.00 and its 200 day moving average is $71.59.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, beating the consensus estimate of $2.48 by $0.13. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, sell-side analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be given a dividend of $0.96 per share. This is a boost from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, March 24th. Best Buy’s payout ratio is presently 76.19%.

Best Buy News Summary

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

• Positive Sentiment: Management raised the quarterly dividend (annualized yield roughly 6%+), reinforcing Best Buy’s long dividend raise streak and attracting income‑focused buyers supporting the rally. Best Buy (BBY) Climbs 4.6% on Higher Dividends
• Positive Sentiment: Speculative takeover chatter — specifically rumors GameStop may be interested in Best Buy — drove a short‑term spike as traders chased a potential M&A story, even though reporting indicates the rumors lack a solid underpinning. The Strange Reason Best Buy Is One of the S&P 500’s Best Performing Stocks Today
• Neutral Sentiment: Market commentary and analyst notes are mixed: some firms nudged price targets and reiterated ratings, but consensus remains a “hold” with varied targets — this provides context but no clear directional push by itself. Best Buy’s stock is rallying amid takeover speculation. But here’s the real story.
• Negative Sentiment: Multiple insider sales were reported (including senior execs and the CAO), with several insiders reducing positions in late‑March — a pattern investors may interpret as profit‑taking or a negative signal about near‑term sentiment. Mathew Watson Sells 3,298 Shares of Best Buy Stock
• Negative Sentiment: Fundamental cautions remain: recent results showed EPS upside but soft revenue and a high dividend payout ratio, which combined with underperformance vs. the S&P have prompted pieces highlighting downside risks for income investors. Best Buy’s 6.1% dividend yield and 22-year streak look safe, but here’s the risk

Institutional Investors Weigh In On Best Buy

Several hedge funds have recently modified their holdings of BBY. Stance Capital LLC grew its position in shares of Best Buy by 4,696.9% in the fourth quarter. Stance Capital LLC now owns 28,110 shares of the technology retailer’s stock valued at $1,881,000 after purchasing an additional 27,524 shares during the period. Winthrop Partners WNY LLC acquired a new position in shares of Best Buy during the 4th quarter worth about $790,000. Corient Private Wealth LLC raised its position in shares of Best Buy by 92.9% during the 4th quarter. Corient Private Wealth LLC now owns 34,167 shares of the technology retailer’s stock worth $2,288,000 after purchasing an additional 16,452 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Best Buy by 104.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after buying an additional 1,030,544 shares in the last quarter. Finally, Bayban purchased a new position in Best Buy in the 4th quarter valued at about $33,000. 80.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush reduced their price objective on Best Buy from $80.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. KeyCorp restated a “sector weight” rating on shares of Best Buy in a research note on Wednesday, March 4th. HSBC dropped their target price on Best Buy from $96.00 to $85.00 in a report on Thursday, February 26th. Citigroup lifted their price target on Best Buy from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler reissued a “buy” rating on shares of Best Buy in a report on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.