David Kimbell Purchases Shares of Best Buy Co., Inc.
Insider David Kimbell bought 2,611 shares of Best Buy Co., Inc. on June 12, 2026.
Key Points
- David Kimbell bought 2,611 shares of Best Buy Co., Inc. on June 12, 2026, with the stock trading at $77.41.
- Best Buy has a market cap of $16.3 billion, a P/E ratio of 14.3, and trades between $55.10 and $84.99 over 52 weeks.
- Analysts from DA Davidson and others maintain a mix of 'buy' and 'hold' ratings with price targets ranging from $65 to $90.
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On June 12, 2026, insider David Kimbell purchased 2,611 shares of Best Buy Co., Inc. (NYSE: BBY). The transaction did not involve a specific price, but it reflects an insider's confidence in the company. Best Buy's stock was trading at $77.41 at the time of the report.
Insider Buying and Selling at Best Buy Co., Inc.
Several insiders, including David Kimbell, bought shares of Best Buy Co., Inc. on June 12, 2026. Each insider, including Sima Sistani, Karen McLoughlin, David Kenny, Mario Jesus Marte, and Steven Rendle, acquired 2,611 shares, except for Kenny who purchased 4,330 shares. These transactions were not part of any pre-planned trading program.
Other Institutional Activity in Best Buy Co., Inc.
Institutional investors have been active in Best Buy's stock. BlackRock, Inc. reduced its holdings by 641,949 shares, ending with 25,411,735 shares valued at about $1.63 billion. State Street Corp also trimmed its position by 88,888 shares, holding 13,156,679 shares worth $857.1 million. Meanwhile, Geode Capital Management, LLC significantly increased its stake by 2,490,533 shares to a total of 7,692,099 shares, valued at approximately $501.7 million.
Best Buy Co., Inc. Stock Down 6.1%
Shares of Best Buy Co., Inc. are trading near $77.41. The company has a market cap of $16.3 billion and a P/E ratio of 14.3. It has a 52-week trading range between $55.10 and $84.99. The stock's 50-day moving average is $64.58, and its 200-day moving average is $69.85. Best Buy's debt-to-equity ratio stands at 134.09, with a current ratio of 1.12 and a quick ratio of 0.36.
$BBY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Best Buy Co., Inc. reported revenue of $41.86 billion with a modest growth rate of 1.9%. The company's net margin is 2.73%, and it has a return on equity of 39.1%. Best Buy's next earnings report is expected on August 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 target raises vs 3 cuts.
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EPS & revenue
EPS beat estimates by 3.3%. Revenue met estimates.
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Profit surprise
EBITDA beat by 5 percent. Operating income beat by 12 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 downgrade, 7 target raises, 3 target cuts.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Best Buy delivered 9.4 billion dollars in second quarter sales, up 1.6 percent, driven by strong Switch 2 launch, six straight quarters of computing growth hitting highest laptop volumes in 15 years, and gaming momentum. They launched their marketplace offering six times more products online and are expanding vendor partnerships, including a new one with IKEA for kitchen and appliance displays. Cost pressures from tariffs remained manageable at below the effective tariff rate due to supply chain mitigation.
Guidance Best Buy kept its full year sales guidance of 41.1 billion to 41.9 billion dollars and earnings per share of 6.15 to 6.30 dollars. Management said they expect to hit the higher end of their sales range. They also expect gaming and computing to keep growing in the back half, with new phone launches and Windows 11 upgrades helping momentum.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
The company offers an annual dividend rate of $3.84, yielding 4.96%. The dividend payout ratio is 70.56%, providing a steady income stream for investors.
Analysts Set New Price Targets
On June 2, 2026, DA Davidson maintained a 'buy' rating on Best Buy with a price target of $90. Other firms like Citigroup and Truist Securities have held 'hold' ratings, with price targets ranging from $65 to $85. The consensus recommendation is 'hold', with an average target price of $78.65 based on 20 analyst opinions.
About Best Buy Co., Inc.
Best Buy Co., Inc. is a leading retailer of technology products, services, and solutions, operating primarily in the United States, Canada, and internationally. Headquartered in Richfield, Minnesota, and led by CEO Ms. Corie Sue Barry, the company employs about 82,000 people. Best Buy offers a wide range of products from computing and mobile phones to consumer electronics and home appliances, both in-store and online.
Bottom Line
David Kimbell's recent purchase of Best Buy shares is a noteworthy insider event, reflecting potential confidence in the company's future. Best Buy remains a significant player in the specialty retail sector with a solid market presence. As always, remember that insider transactions are reported after the fact and may not indicate future performance.
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