Best Buy (NYSE:BBY) EVP Kathleen Scarlett Sells 8,049 Shares

Best Buy Co., Inc. (NYSE:BBY) EVP Kathleen Scarlett sold 8,049 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 value of $515,296.98. Following the completion of the sale, the executive vice president owned 102,669 shares of the company’s stock, valued at $6,572,869.38. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Best Buy Price Performance

BBY opened at $60.46 on Thursday. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.52 and a beta of 1.46. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. Best Buy Co., Inc. has a 12-month low of $54.99 and a 12-month high of $84.99. The business’s fifty day simple moving average is $65.18 and its 200-day simple moving average is $71.75.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $2.58 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $3.84 annualized dividend and a dividend yield of 6.4%. This is an increase from Best Buy’s previous quarterly dividend of $0.95. Best Buy’s dividend payout ratio (DPR) is presently 76.19%.

Best Buy News Summary

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

Analyst Ratings Changes

Several equities analysts recently issued reports on BBY shares. DA Davidson set a $78.00 price objective on shares of Best Buy in a report on Thursday, March 5th. Wall Street Zen lowered Best Buy from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Telsey Advisory Group dropped their target price 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. Daiwa Securities Group cut their price target on Best Buy from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. lowered Best Buy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $99.00 to $76.00 in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.20.

Hedge Funds Weigh In On Best Buy

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Best Buy by 2.4% during the third quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after buying an additional 552,360 shares during the last quarter. Commonwealth Equity Services LLC raised its stake 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 worth $10,760,000 after acquiring an additional 44,989 shares during the last quarter. CWM LLC raised its stake in Best Buy by 272.6% in the 3rd quarter. CWM LLC now owns 183,842 shares of the technology retailer’s stock worth $13,902,000 after acquiring an additional 134,508 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 worth $132,701,000 after acquiring an additional 39,026 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in 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 acquiring an additional 95,900 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

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.