Traders Buy Large Volume of Put Options on Best Buy Co. (BBY)

This is an increase of approximately 592% compared to the typical daily volume of 287 put options. Piper Jaffray raised its rating on Best Buy Co., Overweight on 27/03/2017 in a reversal from its prior Neutral rating. (NYSE:BBY) has been the object of insider selling activity recently.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. The company has market cap of $1.14 billion. In terms of margins, Best Buy Co., Inc. has a gross margin of 23.60%, with its operating margin at 4.50%, and Best Buy Co., Inc. has a profit margin of 3.00%. (NYSE:BBY) last released its earnings results on Thursday, May 25th. The difference between the expected and actual EPS was $0.2/share, which represents an Earnings surprise of 50%. Best Buy Co. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. According to these analysts, the Low Revenue Estimate for Best Buy Co., 8.58 Billion and the High Revenue Estimate is 8.72 Billion.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th were issued a $0.34 dividend. The ex-dividend date was set for Tuesday the 13th of June 2017.

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A number of equities research analysts recently commented on the stock.

Equity analyst Loop Capital starting coverage on the stock giving it an initial rating of "Buy". Sanford C. Bernstein set a $47.00 price target on Best Buy Co. and gave the stock a "sell" rating in a research report on Tuesday. Deutsche Bank AG reiterated a "buy" rating and issued a $60.00 target price on shares of Best Buy a research report on Monday, June 5th.

Among 3 analysts covering Spire (NYSE:SR), 0 have Buy rating, 0 Sell and 3 Hold. Best Buy Co. has a consensus rating of "Buy" and a consensus target price of $55.69. The stock has a consensus rating of "Buy" and an average price target of $55.69. The company's stock has a normal trading capacity of 4.41M shares while the relative volume is 0.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patricia H. Walker sold 7,447 shares of the company's stock in a transaction on Monday, April 24th. The shares were sold at an average price of $51.02, for a total transaction of $379,945.94. Following the sale, the insider now directly owns 34,096 shares in the company, valued at approximately $1,739,577.92. The disclosure for this sale can be found here.

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According to WSJ three month ago research; the Company remained on "Buy" beliefs from 7. The senior management bring insider ownership to 1.00%, and institutional ownership is at 95.10%.

Institutional investors own 93.92% of the company's stock. The Return on Investment (ROI) ratio of Best Buy Co., Inc. Fny Partners Fund Lp now owns 110 shares with a value of $5,000. The ratio is better, as 230 funds increased or opened new positions, while 210 cut down and sold holdings in Best Buy Co Inc. Vanguard Group Inc. now owns 32,613,654 shares of the technology retailer's stock worth $1,602,962,000 after buying an additional 1,241,888 shares in the last quarter.

While looking at the Stock's Performance, Best Buy Co., Inc. now shows a Weekly Performance of -9.34%, where Monthly Performance is -7.64%, Quarterly performance is 10.59%, 6 Months performance is 23.88% and yearly performance percentage is 71.81%. Intrust Bank NA now owns 4,998 shares of the technology retailer's stock valued at $246,000 after buying an additional 216 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Best Buy 2.4% in the first quarter. Best Buy Inc now has $16.09 billion valuation.

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In associated news, General Counsel Keith J. Nelsen unloaded 55,153 stocks of Best Buy shares in a trade on early Wed, May 31st. National Pension Service now owns 303,198 shares of the technology retailer's stock valued at $17,361,000 after buying an additional 28,161 shares during the last quarter. The stock traded at a volume of 4.17 million shares. CENTRAL TRUST Co increased its stake in Best Buy 1.9% in the second quarter. (BBY) performance during the last one year Improved 71.81 percent, while its year to date (YTD) performance showed a Positive trend of 25.83 percent. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & worldwide trademark and copyright legislation. Dalton Greiner Hartman Maher & Co. now owns 6,078 shares of the technology retailer's stock valued at $299,000 after buying an additional 248 shares during the last quarter. If the market is performing well and the stock is over-valued, BBY might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications.

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