Richard Schulze Sells 193,896 Shares of Best Buy (NYSE:BBY) Stock

Posted by Francis Steltz on Jun 26th, 2026

Best Buy Co., Inc. (NYSE:BBY – Get Free Report) Chairman Richard Schulze sold 193,896 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $78.13, for a total transaction of $15,149,094.48. Following the completion of the sale, the chairman directly owned 10,655,641 shares in the company, valued at approximately $832,525,231.33. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Best Buy Stock Performance

NYSE:BBY traded up $1.02 during mid-day trading on Friday, hitting $77.91. The stock had a trading volume of 3,805,606 shares, compared to its average volume of 4,509,497. Best Buy Co., Inc. has a twelve month low of $55.10 and a twelve month high of $84.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.07 and a beta of 1.30. The company’s 50 day simple moving average is $66.72 and its 200 day simple moving average is $66.61.

Best Buy (NYSE:BBY – Get Free Report) last announced 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. The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.82 billion. Best Buy had a return on equity of 48.70% and a net margin of 2.73%.The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities research analysts forecast that Best Buy Co., Inc. will post 6.56 earnings per share for the current year.

Best Buy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, June 18th. Best Buy’s dividend payout ratio is 71.11%.

Institutional Investors Weigh In On Best Buy

A number of hedge funds and other institutional investors have recently modified their holdings of BBY. Redwood Investment Management LLC grew its stake in shares of Best Buy by 36.5% in the first quarter. Redwood Investment Management LLC now owns 12,767 shares of the technology retailer’s stock valued at $820,000 after acquiring an additional 3,414 shares in the last quarter. Shariaportfolio Inc. raised its stake in Best Buy by 27.1% in the 1st quarter. Shariaportfolio Inc. now owns 35,874 shares of the technology retailer’s stock worth $2,303,000 after purchasing an additional 7,652 shares in the last quarter. Parallel Advisors LLC raised its stake in Best Buy by 40.6% in the 1st quarter. Parallel Advisors LLC now owns 3,968 shares of the technology retailer’s stock worth $255,000 after purchasing an additional 1,146 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in Best Buy by 4.1% in the 1st quarter. Cozad Asset Management Inc. now owns 23,006 shares of the technology retailer’s stock valued at $1,477,000 after purchasing an additional 916 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in Best Buy by 11.5% in the 1st quarter. Glenmede Trust Co. NA now owns 22,452 shares of the technology retailer’s stock valued at $1,441,000 after purchasing an additional 2,314 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BBY shares. Evercore upped their price objective on shares of Best Buy from $65.00 to $85.00 in a report on Friday, May 29th. Wedbush raised their target price on shares of Best Buy from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Jefferies Financial Group upped their price target on shares of Best Buy from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $90.00 price target on shares of Best Buy in a report on Monday. Finally, Truist Financial raised their price objective on shares of Best Buy from $66.00 to $81.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.50.

View Our Latest Research Report on BBY

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.