Insider Selling: Best Buy (NYSE:BBY) Chairman Sells 5,100 Shares of Stock

17 Jun 2026, 19:07 by Doug Wharley · The Cerbat Gem

Best Buy Co., Inc. (NYSE:BBY – Get Free Report) Chairman Richard Schulze sold 5,100 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $78.00, for a total value of $397,800.00. Following the transaction, the chairman directly owned 10,849,537 shares of the company’s stock, valued at $846,263,886. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Best Buy Stock Down 3.2%

Shares of BBY stock traded down $2.42 on Wednesday, hitting $73.16. 3,873,635 shares of the stock were exchanged, compared to its average volume of 4,514,244. The company has a current ratio of 1.12, a quick ratio of 0.40 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $15.42 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 2.06 and a beta of 1.30. The business has a 50-day moving average of $64.99 and a 200 day moving average of $66.65. Best Buy Co., Inc. has a fifty-two week low of $55.10 and a fifty-two week high of $84.99.

Best Buy (NYSE:BBY – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Equities analysts anticipate that Best Buy Co., Inc. will post 6.56 EPS for the current year.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.96 per share. The ex-dividend date is Thursday, June 18th. This represents a $3.84 annualized dividend and a yield of 5.2%. Best Buy’s dividend payout ratio is presently 71.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BBY shares. Morgan Stanley increased their price objective on shares of Best Buy from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings raised Best Buy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Citigroup upped their price objective on Best Buy from $60.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, May 29th. The Goldman Sachs Group increased their price objective on Best Buy from $59.00 to $62.00 and gave the stock a “sell” rating in a research report on Friday, May 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of Best Buy in a report on Wednesday, March 4th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Best Buy currently has an average rating of “Hold” and an average target price of $79.05.

Read Our Latest Report on BBY

Institutional Trading of Best Buy

Several large investors have recently made changes to their positions in BBY. Vanguard Group Inc. lifted its stake in shares of Best Buy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after acquiring an additional 552,360 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Best Buy by 100.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 70,280 shares of the technology retailer’s stock valued at $4,704,000 after purchasing an additional 35,239 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Best Buy in the fourth quarter valued at about $1,741,000. Waratah Capital Advisors Ltd. bought a new position in Best Buy in the third quarter valued at about $3,032,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Best Buy by 42.9% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 225,000 shares of the technology retailer’s stock valued at $15,059,000 after buying an additional 67,600 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

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.