Is Buying Barnes & Noble, Inc. Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Barnes & Noble, Inc. Here a Winning Strategy? Option Traders Like The Stock

In today’s session Barnes & Noble, Inc. (BKS) registered an unusually high (3,168) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BKS increase. With 3,168 contracts traded and 36944 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BKS161216C00013000 closed last at: $0.3 or 14.3% down. About 17,888 shares traded hands. Barnes & Noble, Inc. (NYSE:BKS) has risen 5.18% since April 28, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.

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. $25 is the highest target while $17 is the lowest. The $20 average target is 57.48% above today’s ($12.7) stock price. Barnes & Noble Inc. has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Wednesday, August 17 the stock rating was downgraded by Gabelli to “Hold”. The firm has “Hold” rating given on Friday, September 4 by Stifel Nicolaus. The stock has “Neutral” rating given by Sidoti on Thursday, August 18. Gabelli initiated the stock with “Buy” rating in Monday, October 12 report. Cantor Fitzgerald initiated the stock with “Buy” rating in Wednesday, October 7 report. Craig Hallum initiated the stock with “Buy” rating in Monday, July 27 report.

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 Q2 2016. Its down 0.21, from 1.25 in 2016Q1. The ratio turned 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.
Barclays Public Ltd, a United Kingdom-based fund reported 72,908 shares. Kcg Inc last reported 0.02% of its portfolio in the stock. Teacher Retirement Of Texas accumulated 0% or 8,500 shares. Sei Investments Com last reported 407 shares in the company. Hanson And Doremus Investment Mgmt holds 47,845 shares or 0.25% of its portfolio. Dimensional Fund Advsr L P has 6.37M shares for 0.04% of their US portfolio. Nationwide Fund Advisors has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Millennium Mngmt Ltd Liability Corporation last reported 314,604 shares in the company. First Washington owns 1,000 shares or 0.01% of their US portfolio. Harvest Management Limited Liability Corp accumulated 42,500 shares or 0.36% of the stock. Mufg Americas has 0% invested in the company for 821 shares. Connor Clark And Lunn Invest Mngmt owns 104,763 shares or 0.01% of their US portfolio. State Teachers Retirement System holds 0% or 108,179 shares in its portfolio. Fund, a France-based fund reported 280,345 shares. Goldman Sachs Grp holds 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS) for 418,015 shares.

Insider Transactions: Since September 9, 2016, the stock had 0 insider purchases, and 3 insider sales for $515,457 net activity. 9,620 shares were sold by DEASON DAVID S, worth $103,774. On Wednesday, November 23 the insider Herpich Peter M sold $210,263. Argir Frederic also sold $201,420 worth of Barnes & Noble, Inc. (NYSE:BKS) on Friday, September 9.

Barnes & Noble, Inc. is a bookseller. The company has a market cap of $926.75 million. The Firm is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It has a 92.02 P/E ratio. It operates in two divisions: Barnes & Noble Retail and NOOK.

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.

More notable recent Barnes & Noble, Inc. (NYSE:BKS) news were published by: Fool.com which released: “Why Barnes & Noble, Inc. Stock Popped Today” on November 22, 2016, also Businesswire.com with their article: “Barnes & Noble Invites Customers to Experience Its First-Ever Harry Potter …” published on November 30, 2016, Startribune.com published: “Books, beer, and brisket as Barnes & Noble reopens in the Galleria” on November 29, 2016. More interesting news about Barnes & Noble, Inc. (NYSE:BKS) were released by: Prnewswire.com and their article: “XYZprinting and Barnes & Noble Team up to Teach Makers How to Turn 2D Ideas …” published on November 03, 2016 as well as Streetinsider.com‘s news article titled: “Form 4 BARNES & NOBLE INC For: Nov 23 Filed by: Herpich Peter M” with publication date: November 28, 2016.

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