Notable Price Action: Is Barnes & Noble, Inc. a Buy? The Stock Rises Again

Notable Price Action: Is Barnes & Noble, Inc. a Buy? The Stock Rises Again

The stock of Barnes & Noble, Inc. (NYSE:BKS) is a huge mover today! About 1.70M shares traded hands or 180.30% up from the average. Barnes & Noble, Inc. (NYSE:BKS) has declined 7.96% since April 20, 2016 and is downtrending. It has underperformed by 12.51% the S&P500.
The move comes after 5 months positive chart setup for the $899.51M company. It was reported on Nov, 22 by Barchart.com. We have $13.13 PT which if reached, will make NYSE:BKS worth $44.98M more.

Barnes & Noble, Inc. (NYSE:BKS) Ratings Coverage

Out of 4 analysts covering Barnes & Noble Inc. (NYSE:BKS), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Barnes & Noble Inc. has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Friday, September 4 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was initiated by Cantor Fitzgerald on Wednesday, October 7 with “Buy”. Craig Hallum initiated Barnes & Noble, Inc. (NYSE:BKS) rating on Monday, July 27. Craig Hallum has “Buy” rating and $25 price target. Gabelli initiated the stock with “Buy” rating in Monday, October 12 report. The company was initiated on Thursday, August 18 by Sidoti. The stock has “Hold” rating given by Gabelli on Wednesday, August 17.

According to Zacks Investment Research, “Barnes & Noble, Inc. is engaged in the retail sale of trade books (generally hardcover and paperback consumer titles, excluding educational textbooks and specialized religious titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, off-price bargain books and magazines. These collectively account for substantially all of the company’s bookstore sales. Bestsellers represent only a small portion of the Barnes & Noble store sales.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.21, from 1.25 in 2016Q1. The ratio is negative, as 24 funds sold all Barnes & Noble, Inc. shares owned while 40 reduced positions. 18 funds bought stakes while 62 increased positions. They now own 54.04 million shares or 0.47% less from 54.30 million shares in 2016Q1.
Sector Pension Investment Board reported 42,501 shares or 0.01% of all its holdings. Blackrock accumulated 0% or 15,440 shares. Engineers Gate Manager Ltd Partnership has invested 0.03% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Pinebridge Limited Partnership accumulated 7,672 shares or 0% of the stock. Secor Advsrs Ltd Partnership, a New York-based fund reported 87,461 shares. Renaissance Technology Ltd Liability Com last reported 0.02% of its portfolio in the stock. Tremblant Cap Group holds 0.31% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS) for 477,406 shares. Quantitative Invest Limited Liability holds 0.01% or 17,100 shares in its portfolio. Rhumbline Advisers last reported 89,084 shares in the company. The Belgium-based Kbc Grp Incorporated Nv has invested 0% in Barnes & Noble, Inc. (NYSE:BKS). California Employees Retirement System holds 239,100 shares or 0% of its portfolio. Royal Bancorp Of Canada holds 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS) for 42,575 shares. Highbridge Capital Mngmt Ltd Limited Liability Company has 25,624 shares for 0% of their US portfolio. Pacad Invest owns 15,600 shares or 0.02% of their US portfolio. Moreover, Ladenburg Thalmann Fin has 0% invested in Barnes & Noble, Inc. (NYSE:BKS) for 773 shares.

Insider Transactions: Since September 9, 2016, the stock had 0 buys, and 2 selling transactions for $305,194 net activity. Another trade for 17,377 shares valued at $201,420 was made by Argir Frederic on Friday, September 9. Shares for $103,774 were sold by DEASON DAVID S on Monday, October 10.

More important recent Barnes & Noble, Inc. (NYSE:BKS) news were published by: Businesswire.com which released: “Barnes & Noble Reports Fiscal 2017 Second Quarter Financial Results” on November 22, 2016, also Prnewswire.com published article titled: “XYZprinting and Barnes & Noble Team up to Teach Makers How to Turn 2D Ideas …”, Streetinsider.com published: “Form 4 BARNES & NOBLE INC For: Nov 21 Filed by: PARNEROS DEMOS” on November 22, 2016. More interesting news about Barnes & Noble, Inc. (NYSE:BKS) was released by: Businesswire.com and their article: “Barnes & Noble Introduces New NOOK Tablet® 7”: The Most Affordable NOOK® Ever …” with publication date: November 16, 2016.

BKS Company Profile

Barnes & Noble, Inc., incorporated on November 19, 1986, is a bookseller. The Firm is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two divisions: Barnes & Noble Retail (B&N Retail) and NOOK. The Firm is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe services and products, educational toys and games, music and movies direct to clients through its bookstores or on www.barnesandnoble.com. The Firm also offers a textbook rental option to its clients through barnesandnoble.com. The Firm offers its clients a suite of textbook options-new, used, digital and rental. As of April 30, 2016, the Company operates 640 bookstores in 50 states, maintains an e-commerce site, develops digital reading products and operates digital bookstores.

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