Best Buy Co (BBY) At $55.13 Forms Top; Sandy Spring Bancorp (SASR) SI Increased By 9.24%

October 13, 2017 - By Richard Conner

Best Buy Co Inc (BBY) formed multiple top with $58.44 target or 6.00% above today’s $55.13 share price. Best Buy Co Inc (BBY) has $16.18B valuation. The stock decreased 0.61% or $0.34 during the last trading session, reaching $55.13. About shares traded. Best Buy Co Inc (NYSE:BBY) has risen 62.80% since October 13, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

Sandy Spring Bancorp Incorporated (NASDAQ:SASR) had an increase of 9.24% in short interest. SASR’s SI was 867,600 shares in October as released by FINRA. Its up 9.24% from 794,200 shares previously. With 46,700 avg volume, 19 days are for Sandy Spring Bancorp Incorporated (NASDAQ:SASR)’s short sellers to cover SASR’s short positions. The SI to Sandy Spring Bancorp Incorporated’s float is 3.73%. The stock decreased 0.16% or $0.07 during the last trading session, reaching $42.78. About shares traded. Sandy Spring Bancorp Inc. (NASDAQ:SASR) has risen 42.32% since October 13, 2016 and is uptrending. It has outperformed by 25.62% the S&P500.

Among 4 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Sandy Spring Bancorp had 6 analyst reports since July 20, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of SASR in report on Tuesday, October 3 with “Hold” rating. Zacks upgraded Sandy Spring Bancorp Inc. (NASDAQ:SASR) on Tuesday, August 25 to “Sell” rating.

Investors sentiment increased to 1.83 in 2017 Q2. Its up 0.71, from 1.12 in 2017Q1. It is positive, as 11 investors sold Sandy Spring Bancorp Inc. shares while 29 reduced holdings. 28 funds opened positions while 45 raised stakes. 15.71 million shares or 3.31% more from 15.21 million shares in 2017Q1 were reported. Citadel Advsr Limited Liability Corporation reported 34,642 shares. Millennium Management Ltd Liability invested in 204,562 shares. State Bank Of America Corporation De accumulated 78,596 shares or 0% of the stock. Swiss Fincl Bank holds 0% in Sandy Spring Bancorp Inc. (NASDAQ:SASR) or 39,235 shares. Hillsdale Inv Mgmt Incorporated owns 23,000 shares. Laurion Cap Management Lp accumulated 11,692 shares. Aqr Capital Mgmt Limited holds 177,904 shares or 0.01% of its portfolio. Banc Funds Co Ltd Liability accumulated 862,316 shares. Strs Ohio holds 13,000 shares or 0% of its portfolio. 188 are owned by Huntington Savings Bank. M&T Financial Bank Corp has 0% invested in Sandy Spring Bancorp Inc. (NASDAQ:SASR) for 14,388 shares. 9,228 were reported by D E Shaw &. California Pub Employees Retirement System invested in 0% or 75,500 shares. State Street holds 0% or 523,549 shares. The Pennsylvania-based Susquehanna International Llp has invested 0% in Sandy Spring Bancorp Inc. (NASDAQ:SASR).

Sandy Spring Bancorp, Inc. is the bank holding firm for Sandy Spring Bank . The company has market cap of $1.03 billion. The Firm operates through three divisions: Community Banking, Insurance and Investment Management. It has a 18.26 P/E ratio. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial services and products, including various loan and deposit products to both individuals and businesses.

Since May 23, 2017, it had 0 insider buys, and 9 insider sales for $11.82 million activity. $597,091 worth of Best Buy Co Inc (NYSE:BBY) was sold by Walker Patricia H on Friday, May 26. Another trade for 758 shares valued at $39,279 was made by Watson Mathew on Tuesday, May 23. Shares for $892,262 were sold by Ballard Shari L. $3.82M worth of Best Buy Co Inc (NYSE:BBY) was sold by MOHAN RAJENDRA M. Another trade for 18,706 shares valued at $1.07 million was made by Saksena Asheesh on Wednesday, June 14. Nelsen Keith J sold 55,153 shares worth $3.25M.

Analysts await Best Buy Co Inc (NYSE:BBY) to report earnings on November, 16. They expect $0.79 earnings per share, up 27.42% or $0.17 from last year’s $0.62 per share. BBY’s profit will be $231.86M for 17.45 P/E if the $0.79 EPS becomes a reality. After $0.69 actual earnings per share reported by Best Buy Co Inc for the previous quarter, Wall Street now forecasts 14.49% EPS growth.

Among 26 analysts covering Best Buy Co (NYSE:BBY), 11 have Buy rating, 3 Sell and 12 Hold. Therefore 42% are positive. Best Buy Co had 84 analyst reports since August 10, 2015 according to SRatingsIntel. As per Wednesday, August 26, the company rating was maintained by RBC Capital Markets. The stock has “Overweight” rating by Barclays Capital on Thursday, September 14. The stock of Best Buy Co Inc (NYSE:BBY) has “Outperform” rating given on Wednesday, August 26 by Telsey. The rating was maintained by UBS with “Neutral” on Friday, November 20. The stock has “Buy” rating by Raymond James on Wednesday, August 24. Deutsche Bank downgraded Best Buy Co Inc (NYSE:BBY) on Wednesday, May 25 to “Hold” rating. As per Monday, January 18, the company rating was maintained by Telsey Advisory Group. The stock of Best Buy Co Inc (NYSE:BBY) has “Sell” rating given on Tuesday, November 8 by Evercore. The stock of Best Buy Co Inc (NYSE:BBY) has “Hold” rating given on Thursday, August 27 by Zacks. As per Friday, February 26, the company rating was downgraded by Piper Jaffray.

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