Key Points
- Best Buy CAO Mathew Watson sold 3,298 shares on March 23 at an average price of $64.02 for about $211,138, cutting his position by 12.45% to 23,192 shares (≈$1.485M).
- Multiple senior executives — including CEO Corie Barry and CFO Matthew Bilunas — also sold shares on March 23, trimming holdings roughly 7–13%, a pattern that may reflect profit‑taking or signal negative insider sentiment.
- Best Buy raised its quarterly dividend to $0.96 (annualized $3.84) with an ex-dividend date of March 24, implying a yield around 6.4% while the dividend payout ratio sits near 76%.
Best Buy Co., Inc. (NYSE:BBY - Get Free Report) CAO Mathew Watson sold 3,298 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total transaction of $211,137.96. Following the sale, the chief accounting officer owned 23,192 shares in the company, valued at approximately $1,484,751.84. This trade represents a 12.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Best Buy Stock Performance
Shares of NYSE BBY opened at $60.46 on Thursday. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average price is $65.18 and its two-hundred day moving average price is $71.75. Best Buy Co., Inc. has a 52-week low of $54.99 and a 52-week high of $84.99. The stock has a market capitalization of $12.64 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.52 and a beta of 1.46.
Best Buy (NYSE:BBY - Get Free Report) last posted its earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, beating the consensus estimate of $2.48 by $0.13. The company had revenue of $13.81 billion during the quarter, compared to analyst estimates 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 was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, sell-side analysts forecast that Best Buy Co., Inc. will post 6.18 earnings per share for the current year.
Best Buy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, March 24th. This is an increase from Best Buy's previous quarterly dividend of $0.95. Best Buy's dividend payout ratio (DPR) is currently 76.19%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Best Buy by 2.4% in the third quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer's stock worth $1,810,904,000 after purchasing an additional 552,360 shares during the period. Commonwealth Equity Services LLC grew its position in Best Buy by 46.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 142,288 shares of the technology retailer's stock valued at $10,760,000 after buying an additional 44,989 shares in the last quarter. CWM LLC increased its stake in 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 buying an additional 134,508 shares during the period. Bank of New York Mellon Corp increased its stake in Best Buy by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,754,844 shares of the technology retailer's stock valued at $132,701,000 after buying an additional 39,026 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Best Buy by 155.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 157,400 shares of the technology retailer's stock worth $11,903,000 after buying an additional 95,900 shares in the last quarter. Institutional investors own 80.96% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BBY shares. Citigroup boosted their price target on shares of Best Buy from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Wednesday, March 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Best Buy in a report on Wednesday, March 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Best Buy in a research report on Wednesday, January 21st. The Goldman Sachs Group reduced their target price on shares of Best Buy from $93.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Finally, Truist Financial decreased their target price on shares of Best Buy from $73.00 to $66.00 and set a "hold" rating for the company in a research report on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Best Buy has an average rating of "Hold" and a consensus price target of $76.20.
Get Our Latest Stock Report on Best Buy
Trending Headlines about Best Buy
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
Best Buy Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
