Best Buy executive sells stock for $226,836

RICHFIELD, Minn.—Watson Mathew, the Senior Vice President, Controller, and Chief Accounting Officer of Best Buy Co. Inc. (NYSE:BBY), a prominent player in the Specialty Retail industry with a market capitalization of $15.6 billion, recently executed a stock sale involving 3,182 shares of the company’s common stock. According to InvestingPro analysis, Best Buy currently appears undervalued based on its Fair Value estimate. The shares were sold on March 14, 2025, at a weighted average price of $71.2875, resulting in a total transaction value of approximately $226,836.

The shares were sold in multiple transactions, with prices ranging from $71.21 to $71.29. Following the sale, Mathew retains direct ownership of 19,218 shares in the electronics retail giant. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission. The stock, which offers a notable 5.2% dividend yield and has maintained dividend payments for 23 consecutive years, is currently trading near its 52-week low of $69.29. InvestingPro subscribers have access to 12 additional key insights about Best Buy’s financial health and market position.

In other recent news, Best Buy has been the subject of several analyst reviews following its latest earnings report. DA Davidson maintained a Buy rating for Best Buy, setting a price target of $110. The firm highlighted the company’s stronger-than-expected fourth-quarter sales and emphasized the benefits of its membership and marketplace initiatives. UBS, while also maintaining a Buy rating, lowered its price target from $115 to $105, citing uncertainties related to tariffs and market skepticism about earnings potential.

Truist Securities took a more cautious approach, reducing its price target from $95 to $81 and maintaining a Hold rating due to concerns over the economic challenges and tariff impacts on Best Buy. Loop Capital also adjusted its price target down to $90 from $100 but reaffirmed a Buy rating, noting that the fiscal fourth-quarter results exceeded expectations despite tariff concerns. Analysts have pointed out that tariffs on imports from China and Mexico could significantly impact Best Buy’s earnings and comparable sales.

These recent developments indicate that while Best Buy’s operational performance remains robust, external factors such as tariffs continue to pose risks to its financial outlook. Investors are closely watching how the company navigates these challenges in the coming quarters.

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