Best Buy (NYSE:BBY) CAO Mathew Watson Sells 3,298 Shares

Best Buy Co., Inc. (NYSE:BBY) CAO Mathew Watson sold 3,298 shares of the company’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 $211,137.96. Following the completion of the transaction, the chief accounting officer directly owned 23,192 shares of the company’s stock, valued at approximately $1,484,751.84. The trade was a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Best Buy Stock Down 2.0%

Shares of NYSE BBY opened at $60.46 on Thursday. 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 Co., Inc. has a 1 year low of $54.99 and a 1 year high of $84.99. The stock’s 50-day simple moving average is $65.18 and its 200-day simple moving average is $71.75. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.52 and a beta of 1.46.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.96 billion. During the same quarter in the prior year, the business posted $2.58 earnings per share. Best Buy’s revenue for the quarter was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, equities analysts anticipate that Best Buy Co., Inc. will post 6.18 earnings per share for the current fiscal year.

Best Buy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.96 per share. This is an increase from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date is Tuesday, March 24th. This represents a $3.84 annualized dividend and a dividend yield of 6.4%. Best Buy’s dividend payout ratio (DPR) is currently 76.19%.

Best Buy News Roundup

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

Institutional Investors Weigh In On Best Buy

Several institutional investors and hedge funds have recently made changes to their positions in BBY. AQR Capital Management LLC lifted its stake in Best Buy by 99.8% during the third quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after purchasing an additional 3,496,254 shares during the last quarter. Norges Bank bought a new stake in Best Buy during the fourth quarter valued at $174,685,000. Schroder Investment Management Group increased its stake in Best Buy by 378.8% during the fourth quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after purchasing an additional 2,449,342 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Best Buy by 104.1% during the fourth quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock worth $135,685,000 after purchasing an additional 1,030,544 shares during the period. Finally, KBC Group NV raised its holdings in shares of Best Buy by 293.6% during the fourth quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock worth $70,464,000 after purchasing an additional 785,294 shares during the period. 80.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on BBY shares. BNP Paribas Exane lifted their price target on shares of Best Buy from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Guggenheim reiterated a “buy” rating and set a $90.00 price objective on shares of Best Buy in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley dropped their target price on shares of Best Buy from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Finally, DA Davidson set a $78.00 target price on shares of Best Buy in a research note on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.