Best Buy (NYSE:BBY) EVP Kathleen Scarlett Sells 116,062 Shares of Stock

Best Buy Co., Inc. (NYSE:BBY) EVP Kathleen Scarlett sold 116,062 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the completion of the transaction, the executive vice president directly owned 116,173 shares in the company, valued at approximately $10,705,341.95. This represents a 49.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Best Buy Stock Up 0.3%

Shares of Best Buy stock opened at $91.07 on Friday. The company has a fifty day moving average price of $87.31 and a 200 day moving average price of $74.73. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 0.36. Best Buy Co., Inc. has a twelve month low of $55.10 and a twelve month high of $96.53. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.39 by $0.08. Best Buy had a return on equity of 48.14% and a net margin of 3.01%.The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. Equities research analysts forecast that Best Buy Co., Inc. will post 6.82 earnings per share for the current fiscal year.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Thursday, September 17th. Best Buy’s dividend payout ratio is currently 63.89%.

Best Buy News Summary

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

• Positive Sentiment: Amazon Fire TV partnership expands advertising opportunity: Best Buy and Amazon expanded their multi-year Fire TV agreement to make Best Buy Ads inventory available across Insignia televisions beginning around February 2027. The deal could turn one-time electronics purchases into recurring advertising revenue and strengthen Best Buy’s retail-media strategy. Best Buy Ads generated approximately $900 million in fiscal 2026 revenue and is expected to approach a $1 billion annual run rate, potentially supporting higher margins and earnings over time. Best Buy and Amazon Expand Fire TV Partnership
• Positive Sentiment: Core operating performance remains resilient: Best Buy’s latest quarterly results exceeded expectations, including $1.47 in EPS versus the $1.39 consensus estimate, while revenue reached $9.78 billion. Comparable sales also reportedly outpaced forecasts, supporting management’s fiscal 2027 outlook and providing a stable base for the advertising business to grow.
• Neutral Sentiment: Leadership transition reinforces the strategic pivot: Jason Bonfig is scheduled to become CEO on November 1, replacing Corie Barry. His background in retail media and store-format initiatives signals continued emphasis on advertising monetization and improving the efficiency of Best Buy’s physical footprint, although execution risks remain.
• Negative Sentiment: Executive share sale creates a sentiment overhang: EVP Kathleen Scarlett sold 116,062 shares for approximately $10.7 million, reducing her direct ownership by nearly half. The transaction follows other reported insider selling and may concern investors because the sales occurred near the stock’s 52-week high. SEC insider transaction filing
• Negative Sentiment: Analyst caution and hardware pressures remain risks: The consensus rating is reportedly Hold, with an average price target below recent trading levels. Rising memory-chip costs could also lift computer prices and weaken unit demand, limiting growth in Best Buy’s traditional low-margin retail business.

Analyst Ratings Changes

A number of research analysts have recently commented on BBY shares. Loop Capital cut shares of Best Buy from a “buy” rating to a “hold” rating and set a $82.00 target price on the stock. in a research report on Monday, July 13th. BNP Paribas Exane lifted their price target on shares of Best Buy from $74.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wedbush reissued a “buy” rating on shares of Best Buy in a research report on Monday, August 24th. DA Davidson restated a “neutral” rating and set a $95.00 target price on shares of Best Buy in a research note on Tuesday, September 8th. Finally, Guggenheim lifted their target price on Best Buy from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Best Buy presently has an average rating of “Hold” and an average price target of $85.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Best Buy in the second quarter worth about $1,932,812,000. Bank of New York Mellon Corp bought a new position in Best Buy during the 2nd quarter worth approximately $174,893,000. Norges Bank bought a new position in Best Buy during the 4th quarter worth approximately $174,685,000. Hsbc Holdings PLC grew its position in shares of Best Buy by 104.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock worth $135,685,000 after acquiring an additional 1,030,544 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Best Buy in the 2nd quarter valued at approximately $116,003,000. 80.96% of the stock is owned by institutional investors and hedge funds.

Best Buy Company Profile

Best Buy Co, Inc is a specialty retailer of technology products and services operating under the Best Buy brand. The company sells consumer electronics, computers, mobile phones, appliances, entertainment products, smart-home equipment, and related accessories through its retail stores, websites, and other sales channels.

Best Buy also provides technology support, installation, repair, and consultation services through Geek Squad. Its offerings include assistance with device setup, home theater installation, computer and appliance support, and technology solutions for consumers and small businesses.