Best Buy Co., Inc. (NYSE:BBY – Get Free Report) CAO Mathew Watson sold 3,298 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $211,137.96. Following the completion of the transaction, the chief accounting officer owned 23,192 shares in the company, valued at approximately $1,484,751.84. This represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Best Buy Stock Performance
Shares of BBY stock opened at $63.14 on Friday. 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 firm has a fifty day simple moving average of $65.00 and a two-hundred day simple moving average of $71.59. Best Buy Co., Inc. has a 12 month low of $54.99 and a 12 month high of $84.99. The firm has a market capitalization 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 (NYSE:BBY – Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $13.81 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $2.58 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Analysts forecast that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.
Best Buy Increases Dividend
Analysts Set New Price Targets
Several analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Best Buy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $99.00 to $76.00 in a research note on Monday, February 2nd. Guggenheim reaffirmed a “buy” rating and set a $90.00 target price on shares of Best Buy in a research report on Wednesday, March 4th. Daiwa Securities Group decreased 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. KeyCorp reissued a “sector weight” rating on shares of Best Buy in a research report on Wednesday, March 4th. Finally, DA Davidson set a $78.00 price objective on Best Buy in a research note on Thursday, March 5th. 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 company. Based on data from MarketBeat, Best Buy presently has an average rating of “Hold” and a consensus price target of $76.20.
Check Out Our Latest Research Report on BBY
Hedge Funds Weigh In On Best Buy
Several institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its holdings in Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after acquiring an additional 138 shares during the period. Torren Management LLC purchased a new position in Best Buy in the fourth quarter worth $25,000. MV Capital Management Inc. bought a new position in Best Buy in the 4th quarter valued at $25,000. Palisade Asset Management LLC bought a new position in Best Buy in the 3rd quarter valued at $25,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Best Buy during the 4th quarter valued at $29,000. 80.96% of the stock is owned by institutional investors.
Key Stories 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
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.
Further Reading
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