Best Buy Sees Unusually Large Options Volume (NYSE:BBY)

Posted by Brenda Bartman on May 28th, 2026

Best Buy Co., Inc. (NYSE:BBY – Get Free Report) saw some unusual options trading on Thursday. Stock traders acquired 10,104 call options on the stock. This represents an increase of 21% compared to the typical daily volume of 8,348 call options.

Trending Headlines about Best Buy

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

Positive Sentiment: Best Buy beat Wall Street estimates on both earnings and revenue, with adjusted EPS of $1.28 versus $1.22 expected and revenue of $8.94 billion versus $8.82 billion projected. Best Buy Reports First Quarter Results
Positive Sentiment: Comparable sales improved 2.0%, helped by strength in gaming, computers, and mobile phones, showing that key product categories are still driving traffic and spending. Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales
Positive Sentiment: The company reaffirmed its full-year outlook, which suggests management is confident the recent improvement can continue. Best Buy stock pops on first quarter earnings beat
Neutral Sentiment: Analysts and media coverage highlighted that Best Buy is still navigating a mixed backdrop, with gaming and computing strength partly offset by softer appliance demand. Best Buy Reports Higher Profit on Rising Sales
Positive Sentiment: Investors also appear to be attracted to Best Buy’s roughly 5% dividend yield, which makes the stock appealing even without blockbuster growth. Best Buy Surges on Earnings. Its 5% Yield Looks Even Better.

Insider Activity at Best Buy

In related news, CFO Matthew M. Bilunas sold 11,356 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $727,011.12. Following the sale, the chief financial officer owned 76,884 shares of the company’s stock, valued at $4,922,113.68. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Corie S. Barry sold 42,869 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total transaction of $2,744,473.38. Following the sale, the chief executive officer directly owned 523,138 shares in the company, valued at $33,491,294.76. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,247 shares of company stock valued at $4,945,353 over the last ninety days. Insiders own 0.47% of the company’s stock.

Institutional Trading of Best Buy

Several institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank raised its position in shares of Best Buy by 12.0% during the 3rd quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock valued at $98,000 after purchasing an additional 139 shares during the period. Krane Funds Advisors LLC raised its stake in Best Buy by 3.0% during the 4th quarter. Krane Funds Advisors LLC now owns 5,163 shares of the technology retailer’s stock valued at $346,000 after purchasing an additional 151 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Best Buy by 0.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,637 shares of the technology retailer’s stock valued at $1,114,000 after purchasing an additional 152 shares during the period. Applied Finance Capital Management LLC raised its stake in Best Buy by 3.8% during the 4th quarter. Applied Finance Capital Management LLC now owns 4,270 shares of the technology retailer’s stock valued at $286,000 after purchasing an additional 157 shares during the period. Finally, International Private Wealth Advisors LLC raised its stake in Best Buy by 5.2% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,345 shares of the technology retailer’s stock valued at $224,000 after purchasing an additional 165 shares during the period. 80.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wedbush boosted their target price on Best Buy from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. BNP Paribas Exane upped their target price on shares of Best Buy from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Evercore set a $65.00 target price on shares of Best Buy in a research note on Tuesday, April 14th. HSBC dropped their target price on shares of Best Buy from $96.00 to $85.00 in a research note on Thursday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research note on Wednesday, March 4th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.25.

Get Our Latest Report on Best Buy

Best Buy Stock Performance

NYSE:BBY traded up $11.94 on Thursday, hitting $76.48. The stock had a trading volume of 8,930,990 shares, compared to its average volume of 4,444,833. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. 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 business’s 50-day simple moving average is $61.74 and its two-hundred day simple moving average is $66.83. Best Buy has a 52-week low of $55.10 and a 52-week high of $84.99.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company posted $1.15 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Best Buy will post 6.5 earnings per share for the current year.

Best Buy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 24th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 5.0%. This is an increase from Best Buy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Tuesday, March 24th. Best Buy’s dividend payout ratio is 76.19%.

About Best Buy

(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.

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