Best Buy (BBY) is up 3.5% today. Here is some analysis on what might have caused this price movement. ([investors.bestbuy.com](https://investors.bestbuy.com/News--Events/news/news-details/2026/Best-Buy-Reports-Second-Quarter-Results/default.aspx))
Analysis: The most likely driver is continued investor optimism after Best Buy posted a stronger-than-expected fiscal second quarter and raised its full-year outlook. Investors also appear encouraged by improving profitability from higher-margin initiatives and broad-based category strength, which may be outweighing a recent valuation-driven analyst downgrade. ([investors.bestbuy.com](https://investors.bestbuy.com/News--Events/news/news-details/2026/Best-Buy-Reports-Second-Quarter-Results/default.aspx))
Details:
Sources:
Best Buy Investor Relations, SEC, Zacks
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$BBY Insider Trading Activity
$BBY insiders have traded $BBY stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.
Here’s a breakdown of recent trading of $BBY stock by insiders over the last 6 months:
- RICHARD M SCHULZE has made 0 purchases and 15 sales selling 1,900,350 shares for an estimated $151,144,664.
- CORIE S BARRY (CEO) sold 42,869 shares for an estimated $2,744,430
- MATTHEW M BILUNAS (SEVP Enterprise Strategy & CFO) sold 11,356 shares for an estimated $726,999
- KATHLEEN SCARLETT (SEVP, Corp Affairs & HR) sold 8,049 shares for an estimated $515,288
- JASON J BONFIG (SEVP Cust Offer, Fulfill & Can) sold 6,336 shares for an estimated $405,624
- MATHEW WATSON (SVP, Controller & CAO) has made 0 purchases and 2 sales selling 5,082 shares for an estimated $342,793.
- TODD G. HARTMAN (GC, Chief Risk Officer) sold 5,339 shares for an estimated $341,797
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$BBY Hedge Fund Activity
We have seen 457 institutional investors add shares of $BBY stock to their portfolio, and 537 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 6,873,191 shares (+inf%) to their portfolio in Q2 2026, for an estimated $521,537,733
- JPMORGAN CHASE & CO added 4,835,542 shares (+inf%) to their portfolio in Q2 2026, for an estimated $366,920,926
- RAYMOND JAMES FINANCIAL INC removed 3,170,922 shares (-75.2%) from their portfolio in Q2 2026, for an estimated $240,609,561
- AQR CAPITAL MANAGEMENT LLC removed 2,340,539 shares (-38.1%) from their portfolio in Q2 2026, for an estimated $177,600,099
- JANE STREET GROUP, LLC added 2,065,725 shares (+1540.8%) to their portfolio in Q2 2026, for an estimated $156,747,213
- WORLDQUANT MILLENNIUM ADVISORS LLC removed 1,600,946 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $121,479,782
- POINT72 ASSET MANAGEMENT, L.P. added 1,206,058 shares (+inf%) to their portfolio in Q2 2026, for an estimated $91,515,681
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$BBY Congressional Stock Trading
Members of Congress have traded $BBY stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $BBY stock by members of Congress over the last 6 months:
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$BBY Price Targets
Multiple analysts have issued price targets for $BBY recently. We have seen 11 analysts offer price targets for $BBY in the last 6 months, with a median target of $84.0.
Here are some recent targets:
- Michael Baker from DA Davidson set a target price of $90.0 on 06/22/2026
- Simeon Gutman from Morgan Stanley set a target price of $80.0 on 05/29/2026
- Matthew McCartney from Wedbush set a target price of $75.0 on 05/29/2026
- Michael Lasser from UBS set a target price of $86.0 on 05/29/2026
- Christopher Horvers from JP Morgan set a target price of $84.0 on 05/29/2026
- Zachary Fadem from Wells Fargo set a target price of $65.0 on 05/29/2026
- Steven Forbes from Guggenheim set a target price of $90.0 on 05/29/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
