Richard Schulze Sells Shares of Best Buy
Richard Schulze offloaded 193,896 shares of Best Buy on June 25, 2026.
Key Points
- Richard Schulze sold 193,896 shares of Best Buy valued at $15.15 million on June 25, 2026.
- Best Buy's stock traded at $77.71 on Saturday, with a market cap of $16.38 billion.
- Analysts maintain a hold consensus on Best Buy, with a mean price target of $78.50.
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Richard Schulze, a major shareholder of Best Buy Co., Inc. (NYSE: BBY), sold 193,896 shares of the company on June 25, 2026. The transaction was valued at approximately $15.15 million, with an average selling price of $78.13 per share.
Insider Buying and Selling at Best Buy Co., Inc.
Richard Schulze has been active in selling shares of Best Buy in June 2026. Aside from the 193,896 shares sold on June 25, he also sold 224,705 shares on June 26, 5,100 shares on June 16, and 76,299 shares on June 15. These sales were not part of a pre-planned 10b5-1 trading plan. Additionally, insiders Sima Sistani and David Kimbell each purchased 2,611 shares on June 12.
Other Institutional Activity in Best Buy
Several institutional investors have adjusted their holdings in Best Buy. BlackRock, Inc. reduced its position by 641,949 shares, bringing its total to 25,411,735 shares worth about $1.63 billion, a 2.5% decrease. State Street Corp also decreased its stake by 88,888 shares, now holding 13,156,679 shares valued at $857.13 million, a 0.7% decrease. Meanwhile, Geode Capital Management, LLC increased its holdings by 2,490,533 shares, ending with 7,692,099 shares worth approximately $501.75 million, marking a 47.9% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 12,784,559 and 9,770,562 shares, respectively.
Best Buy Co., Inc. Stock Down 5.7%
Shares of Best Buy traded near $77.71 on Saturday. The company has a market capitalization of about $16.38 billion. It trades with a P/E ratio of 14.39 and a forward P/E of 10.99. Best Buy's stock has experienced a 52-week low of $55.10 and a high of $84.99. Its 50-day moving average is $66.60, and its 200-day moving average is $69.87. The company's beta is 1.33, indicating somewhat higher volatility compared to the market.
$BBY stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Best Buy reported revenues of $41.86 billion, reflecting a growth rate of 1.9%. The company's net margin stands at 2.73%, with a return on equity of 39.10%. Earnings per share (EPS) was $5.40. The 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
Best Buy offers an annual dividend rate of $3.84, yielding 4.94%. The dividend payout ratio is 70.56%.
Analysts Set New Price Targets
On June 22, 2026, DA Davidson maintained a buy rating on Best Buy with a price target of $90.00. Citigroup, Truist Securities, JP Morgan, and Wells Fargo have maintained hold ratings, with price targets ranging from $65.00 to $84.00. The consensus among 20 analysts is to hold the stock, with a mean price target of $78.50.
About Best Buy Co., Inc.
Best Buy Co., Inc., headquartered in Richfield, Minnesota, is a leading retailer of technology products and services. The company operates in the consumer cyclical sector and specializes in specialty retail. Under the leadership of CEO Corie Sue Barry, Best Buy offers a wide range of products including electronics, appliances, and entertainment products. It also provides services like delivery, installation, and technical support. Best Buy employs approximately 82,000 people and operates online and through various store brands across the United States, Canada, and internationally.
Bottom Line
Richard Schulze's recent sale of Best Buy shares is notable, but it doesn't necessarily indicate a bearish outlook. Best Buy's stock remains a topic of interest for investors, with its market position and analyst ratings being closely watched. As always, remember that insider transactions are disclosed after the fact and do not necessarily reflect current investment positions.
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