Sidoti & Co. Initiates Coverage on Barnes & Noble to Neutral

Sidoti & Co. Initiates Coverage on Barnes & Noble(NYSE:BKS). The shares have been rated Neutral. The rating by Sidoti & Co. was issued on Aug 18, 2016.

In a different note, On Aug 17, 2016, Gabelli & Co. said it Downgrades its rating on Barnes & Noble. The shares have been rated ‘Hold’ by the firm.

Barnes & Noble (BKS) made into the market gainers list on Mondays trading session with the shares advancing 1.06% or 0.12 points. Due to strong positive momentum, the stock ended at $11.49, which is also near the day’s high of $11.51. The stock began the session at $11.38 and the volume stood at 3,01,263 shares. The 52-week high of the shares is $16.37 and the 52 week low is $7.25. The company has a current market capitalization of $849 M and it has 7,38,66,102 shares in outstanding.

Barnes & Noble(BKS) last announced its earnings results on Jun 22, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $876.68M. Analysts had an estimated revenue of $889.19M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.24.

Several Insider Transactions has been reported to the SEC. On Jan 15, 2016, Scott S Cowen (director) purchased 5,000 shares at $8.28 per share price.Also, On Sep 14, 2015, Leonard Riggio (director officer 10% owner (Chairman of the Board) purchased 1,000,000 shares at $12.57 per share price.On Jul 10, 2015, Jaime Carey (Chief Operating Officer) sold 25,000 shares at $26.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Barnes & Noble Inc. is a retailer of content digital media and educational products. The Company’s 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 Company’s 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) children’s 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 The Company operates approximately 648 bookstores in around 50 states.

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