Best Buy (NYSE:BBY) EVP Jason Bonfig Sells 6,336 Shares of Stock

Best Buy Co., Inc. (NYSE:BBY) EVP Jason Bonfig sold 6,336 shares of Best Buy stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $405,630.72. Following the completion of the sale, the executive vice president directly owned 79,137 shares of the company’s stock, valued at approximately $5,066,350.74. This represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Best Buy Stock Performance

Best Buy stock opened at $60.46 on Thursday. The stock has a fifty day moving average price of $65.18 and a 200 day moving average price of $71.75. Best Buy Co., Inc. has a 52 week low of $54.99 and a 52 week high of $84.99. The firm has a market capitalization of $12.64 billion, a P/E ratio of 12.00, a PEG ratio of 1.52 and a beta of 1.46. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39.

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

Best Buy Increases Dividend

The business 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 $0.96 dividend. This is a boost from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, March 24th. Best Buy’s dividend payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

BBY has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, January 21st. Morgan Stanley dropped their price objective on Best Buy from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Wells Fargo & Company cut their target price on Best Buy from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Telsey Advisory Group reduced their target price on Best Buy from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Truist Financial lowered their price target on Best Buy from $73.00 to $66.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.20.

Institutional Trading of Best Buy

Several large investors have recently added to or reduced their stakes in the stock. Sage Private Wealth Group LLC raised its position in Best Buy by 3.1% in the third quarter. Sage Private Wealth Group LLC now owns 4,109 shares of the technology retailer’s stock valued at $311,000 after purchasing an additional 123 shares during the period. LVW Advisors LLC grew its stake in shares of Best Buy by 3.9% in the third quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock valued at $275,000 after buying an additional 137 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after buying an additional 138 shares during the period. Huntington National Bank raised its holdings in shares of Best Buy by 12.0% during the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock valued at $98,000 after buying an additional 139 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in Best Buy by 1.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock worth $639,000 after acquiring an additional 144 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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

About Best Buy

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.