Richard Schulze Sells Shares of Best Buy Co., Inc.
Richard Schulze sold 5,100 shares of Best Buy valued at $397,800.
Key Points
- Richard Schulze sold 5,100 shares of Best Buy Co., Inc. at $78 per share, totaling $397,800 on June 16, 2026.
- Best Buy Co., Inc. (NYSE: BBY) has a market cap of approximately $15.93 billion and a P/E ratio of 14.0.
- The company offers a dividend yield of 5.08% with a payout ratio of 70.56%.
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On June 16, 2026, Richard Schulze sold 5,100 shares of Best Buy Co., Inc. (NYSE: BBY). The shares were sold at an average price of $78 each, amounting to a total transaction value of $397,800. This transaction was not part of a pre-arranged trading plan.
Best Buy Co., Inc. Stock Down 11.3%
Shares of Best Buy Co., Inc. traded around $75.58 recently. The company, which trades under the ticker BBY on the NYSE, has a market cap of about $15.93 billion. Its price-to-earnings (P/E) ratio stands at 14.0, while the forward P/E is around 10.7, suggesting expectations of future earnings growth. Best Buy's stock has experienced a 52-week range between $55.10 and $84.99. Key moving averages include a 50-day average of $64.81 and a 200-day average of $69.87.
$BBY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Best Buy reported revenue of approximately $41.86 billion, reflecting a modest growth rate of 1.9%. The company's earnings per share (EPS) is $5.40, with a net margin of 2.73%. Return on equity (ROE) is notably high at 39.1%. Investors can look forward to the next earnings release 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
Best Buy offers an attractive dividend yield of 5.08%. The annual dividend rate is $3.84 per share, with a payout ratio of about 70.56%. This indicates a strong commitment to returning value to shareholders.
About Best Buy Co., Inc.
Best Buy Co., Inc., headquartered in Richfield, Minnesota, is a leading retailer in the consumer cyclical sector, specializing in technology products and solutions. The company operates internationally, offering a wide range of products including computing devices, mobile phones, home appliances, and entertainment products. Best Buy serves its customers through various brands and platforms, including its well-known Geek Squad service. The company is led by CEO Ms. Corie Sue Barry and employs around 82,000 people.
Bottom Line
Richard Schulze's recent sale of Best Buy shares is a notable insider transaction, reflecting individual financial decisions. Best Buy's solid market position and financial health make it a company to watch, especially with its upcoming earnings report in August. Investors keep an eye on insider activities like these as part of their broader strategy to assess company performance and insider sentiment.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.