Insider Selling: Best Buy (NYSE:BBY) CFO Sells $727,011.12 in Stock

Best Buy Co., Inc. (NYSE:BBY) CFO Matthew Bilunas sold 11,356 shares of Best Buy stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $727,011.12. Following the completion of the sale, the chief financial officer directly owned 76,884 shares of the company’s stock, valued at approximately $4,922,113.68. This trade represents a 12.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Best Buy Price Performance

NYSE BBY opened at $63.14 on Friday. 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. Best Buy Co., Inc. has a 52 week low of $54.99 and a 52 week high of $84.99. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $65.00 and its two-hundred day simple moving average is $71.59.

Best Buy (NYSE:BBY) last posted its earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.13. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The firm had revenue of $13.81 billion during the quarter, compared to the consensus estimate of $13.96 billion. During the same quarter last year, the company earned $2.58 earnings per share. The company’s 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. Research analysts predict that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BBY. Daiwa Securities Group cut their price target on Best Buy from $80.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Best Buy in a research note on Wednesday, January 21st. Citigroup increased their price objective on Best Buy from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Barclays cut their target price on Best Buy from $81.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Best Buy currently has an average rating of “Hold” and an average target price of $76.20.

Key Headlines Impacting Best Buy

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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Best Buy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 24,255,320 shares of the technology retailer’s stock valued at $1,623,409,000 after buying an additional 307,905 shares during the period. State Street Corp increased its stake in Best Buy by 3.8% in the 2nd quarter. State Street Corp now owns 13,631,429 shares of the technology retailer’s stock worth $927,753,000 after acquiring an additional 496,215 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Best Buy by 30.9% in the 4th quarter. AQR Capital Management LLC now owns 9,158,839 shares of the technology retailer’s stock valued at $613,001,000 after acquiring an additional 2,160,968 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Best Buy by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,452,642 shares of the technology retailer’s stock valued at $498,805,000 after acquiring an additional 160,713 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Best Buy by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,732,080 shares of the technology retailer’s stock valued at $316,718,000 after acquiring an additional 271,988 shares during the last quarter. Institutional investors own 80.96% of the company’s stock.

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.