Barnes & Noble (NYSE:BKS) : Zacks Investment Research ranks Barnes & Noble (NYSE:BKS) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.
Barnes & Noble (NYSE:BKS) stock is expected to deviate a maximum of $1.24 from the average target price of $17.88 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $19 and the most muted being $17.
For the current week, the company shares have a recommendation consensus of Buy.
Barnes & Noble (NYSE:BKS): On Tuesdays trading session , Opening price of the stock was $10.98 with an intraday high of $11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.46. However, the stock managed to close at $10.58, a loss of 1.86% for the day. On the previous day, the stock had closed at $10.78. The total traded volume of the day was 2,627,695 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Barnes & Noble Inc, Cowen Scott S had purchased shares worth of $41,400 in a transaction dated on January 15, 2016. A total of 5,000 shares were purchased at a price of $8.28 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Barnes & Noble, Inc. is a retailer of content, digital media and educational products. The Companys segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content, commerce and technology company, which provides access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform. The Companys principal business is the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), childrens books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, emblematic apparel and gifts, school and dorm supplies, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on barnesandnoble.com. The Company operates approximately 648 bookstores in around 50 states.