Insider Selling: Best Buy (NYSE:BBY) EVP Sells $405,630.72 in Stock

Best Buy Co., Inc. (NYSE:BBY) EVP Jason Bonfig sold 6,336 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total transaction of $405,630.72. Following the transaction, the executive vice president owned 79,137 shares of the company’s stock, valued at $5,066,350.74. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Best Buy Trading Down 0.1%

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

Best Buy (NYSE:BBY) last issued its 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. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, sell-side analysts expect that Best Buy Co., Inc. will post 6.18 EPS for the current fiscal year.

Best Buy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th will be paid a $0.96 dividend. This is an increase from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 24th. Best Buy’s payout ratio is currently 76.19%.

Trending Headlines about 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

Analyst Ratings Changes

BBY has been the topic of several recent research reports. DA Davidson set a $78.00 target price on shares of Best Buy in a research report on Thursday, March 5th. Truist Financial dropped their price target on shares of Best Buy from $73.00 to $66.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. Daiwa Securities Group cut their price target on shares of Best Buy from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Barclays reduced their price objective on shares of Best Buy from $81.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group decreased their price objective on Best Buy from $93.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.20.

Institutional Inflows and Outflows

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