Insider Selling: Best Buy (NYSE:BBY) EVP Sells $515,296.98 in Stock

Best Buy Co., Inc. (NYSE:BBY) EVP Kathleen Scarlett sold 8,049 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $515,296.98. Following the completion of the sale, the executive vice president directly owned 102,669 shares of the company’s stock, valued at approximately $6,572,869.38. The trade was a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Best Buy Price Performance

NYSE:BBY opened at $63.14 on Friday. 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 cap of $13.20 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.56 and a beta of 1.46. The firm’s 50-day simple moving average is $65.00 and its 200 day simple moving average is $71.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 1.11.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm posted $2.58 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, sell-side analysts predict that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.

Best Buy Increases Dividend

The business also recently declared 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. This represents a $3.84 annualized dividend and a dividend yield of 6.1%. This is an increase from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, March 24th. Best Buy’s dividend payout ratio is presently 76.19%.

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Best Buy by 99.8% in the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock valued at $525,120,000 after purchasing an additional 3,496,254 shares during the last quarter. Norges Bank acquired a new position in shares of Best Buy during the 4th quarter worth $174,685,000. Schroder Investment Management Group lifted its position in shares of Best Buy by 378.8% during the 4th quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock worth $207,216,000 after buying an additional 2,449,342 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Best Buy by 104.1% in the fourth 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, KBC Group NV boosted its stake in Best Buy by 293.6% in the fourth quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after buying an additional 785,294 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors.

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

A number of equities analysts have commented on BBY shares. Daiwa Securities Group lowered their price objective on Best Buy from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, March 5th. HSBC cut their target price on Best Buy from $96.00 to $85.00 in a research report on Thursday, February 26th. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays dropped their price target 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, Telsey Advisory Group cut their price objective on shares of Best Buy from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Best Buy currently has a consensus rating of “Hold” and an average target price of $76.20.

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.