Todd Hartman Sells 5,339 Shares of Best Buy (NYSE:BBY) Stock

Best Buy Co., Inc. (NYSE:BBY) insider Todd Hartman sold 5,339 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $341,802.78. Following the completion of the sale, the insider owned 44,098 shares in the company, valued at approximately $2,823,153.96. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Best Buy Trading Up 4.6%

Shares of BBY stock opened at $63.18 on Friday. Best Buy Co., Inc. has a 1 year low of $54.99 and a 1 year high of $84.99. The firm has a market capitalization of $13.21 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. The stock has a fifty day moving average of $65.09 and a two-hundred day moving average of $71.69. 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 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 company had revenue of $13.81 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same period last year, the company earned $2.58 earnings per share. The company’s quarterly revenue 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, research analysts expect that Best Buy Co., Inc. will post 6.18 EPS for the current year.

Best Buy Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on BBY shares. Jefferies Financial Group lowered their price objective on shares of Best Buy from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Telsey Advisory Group lowered their price target on Best Buy from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Wall Street Zen downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Piper Sandler restated a “buy” rating on shares of Best Buy in a report on Wednesday, March 4th. Finally, DA Davidson set a $78.00 target price 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Best Buy currently has an average rating of “Hold” and a consensus price target of $76.20.

Institutional Investors Weigh In On Best Buy

A number of institutional investors and hedge funds have recently modified their holdings of BBY. Harbor Capital Advisors Inc. grew its holdings in shares of Best Buy by 69.3% in the 3rd 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 last quarter. Torren Management LLC purchased a new stake in shares of Best Buy during the fourth quarter valued at $25,000. MV Capital Management Inc. purchased a new stake in shares of Best Buy during the fourth quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in shares of Best Buy in the 3rd quarter valued at $25,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Best Buy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Trending Headlines about Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Dividend support: Best Buy’s long record of payouts (22 consecutive years of raises) and a ~6.1% yield are drawing income-focused buyers, reinforcing demand for the shares even as sales growth is soft. Read More.
• Neutral Sentiment: Takeover rumors: Media and traders credited a sudden rally to speculation GameStop might be preparing an acquisition of Best Buy; this appears to be rumor-driven with little public evidence and could be temporary. Read More.
• Neutral Sentiment: Analyst clarification: The analyst whose note sparked the chatter says he did not intend to imply a GameStop takeover — underscoring that the move lacks confirmed strategic rationale and increasing the chance the bump is short-lived. Read More.
• Negative Sentiment: Insider selling: Several senior executives sold shares on March 23 (including CEO Corie Barry, CFO Matthew Bilunas, CAO Mathew Watson and other EVPs), collectively trimming individual holdings by roughly 7–13%. Large, clustered insider sales can be read as profit-taking and may weigh on sentiment. Example SEC filing for the CEO sale: Read More.
• Negative Sentiment: Operational caution: Recent quarter showed modest revenue decline y/y and management set FY27 EPS guidance of $6.30–$6.60 — decent earnings but revenue softness and mixed analyst targets leave upside limited absent a clear catalyst. Read More.

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.