Karen Mcloughlin Buys Shares of Best Buy
Karen Mcloughlin purchased 2,611 shares of Best Buy on June 12, 2026.
Key Points
- Karen Mcloughlin purchased 2,611 shares of Best Buy on June 12, 2026, as part of insider activity.
- Best Buy's stock trades near $77.41 with a market cap of $16.3 billion and a P/E ratio of 14.3.
- DA Davidson maintained a 'buy' rating for Best Buy with a $90 target, while Citigroup rated it 'hold' at $79.
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Karen Mcloughlin recently bought 2,611 shares of Best Buy Co., Inc. (NYSE: BBY) on June 12, 2026. This insider purchase did not have a specified transaction value or price, but it adds to the activity within the company.
Insider Buying and Selling at Best Buy Co., Inc.
Several insiders at Best Buy made similar moves on June 12, 2026. Among them were Sima Sistani, David Kimbell, and Mario Jesus Marte, each acquiring 2,611 shares. David Kenny purchased 4,330 shares, contributing to the day's insider activity.
Best Buy Co., Inc. Stock Down 6.1%
Shares of NYSE:BBY traded near $77.41. Best Buy has a market cap of $16.3 billion, a P/E ratio of 14.3, and a forward P/E of 10.9. With a beta of 1.33, the stock has seen a 52-week low of $55.10 and a high of $84.99. The company's 50-day moving average is $64.58, and the 200-day moving average is $69.85.
$BBY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Best Buy reported revenue of $41.86 billion with a slight growth of 1.9%. The EPS stands at $5.40, and the company maintains a net margin of 2.73%. The return on equity is an impressive 39.1%. The next earnings report is scheduled for 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
Best Buy offers an annual dividend rate of $3.84, yielding 4.96%. The payout ratio is 70.6%, reflecting a steady return to shareholders.
Analysts Set New Price Targets
On June 2, 2026, DA Davidson maintained its 'buy' rating with a price target of $90. Citigroup, on May 29, 2026, maintained a 'hold' rating with a target of $79. Other firms like Truist Securities and JP Morgan also kept 'hold' ratings with targets of $81 and $84, respectively. The consensus recommendation is 'hold', with an average target price of $78.65.
About Best Buy
Best Buy Co., Inc. is a leading retailer providing technology products and services in the U.S., Canada, and internationally. Headquartered in Richfield, Minnesota, Best Buy is led by CEO Corie Sue Barry and employs about 82,000 people. The company offers a wide range of products from consumer electronics to appliances and provides services like delivery and installation.
Bottom Line
Insider activity at Best Buy indicates interest from within the company, with multiple insiders purchasing shares on the same day. Best Buy's stock remains a topic of interest with analysts providing mixed ratings. Investors often track such insider transactions for potential insights, but remember that this data reflects past activity and may not indicate current positions.
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