November 28, 2016 - By Richard Conner
It was announced in an electronic document that’s filled with the (SEC) that Peter Herpich, who works for Barnes & Noble Inc, and currently holds the position of VP – Corp.Contr.(Pr. Acc. Off.) did an insider sale on 28-11-2016. Peter sold 16,369 shares of the firm totalled based on $12.8 US Dollars for a share. As discovered in the electronic form available for free here, the total amount of the sale was $210,263 US Dollars. he right now owns 0.03% of the market capitalization of the company.
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 57.11% above today’s ($12.73) stock price. Barnes & Noble Inc. has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Craig Hallum with “Buy” on Monday, July 27. Gabelli downgraded Barnes & Noble, Inc. (NYSE:BKS) on Wednesday, August 17 to “Hold” rating. As per Wednesday, October 7, the company rating was initiated by Cantor Fitzgerald. As per Thursday, August 18, the company rating was initiated by Sidoti. The stock of Barnes & Noble, Inc. (NYSE:BKS) has “Hold” rating given on Friday, September 4 by Stifel Nicolaus. The firm has “Buy” rating by Gabelli given on Monday, October 12.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. 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.
Cubist Systematic Strategies Lc, a Connecticut-based fund reported 20,504 shares. Alliancebernstein Ltd Partnership has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Diker Mngmt Ltd Liability Co accumulated 0.18% or 40,932 shares. Wasatch Advsrs Incorporated has invested 0.04% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Deere And Co has 0.03% invested in the company for 53,702 shares. Royal Commercial Bank Of Canada accumulated 0% or 42,575 shares. Blackrock Investment Lc holds 285,525 shares or 0% of its portfolio. Sei Investments holds 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS) for 407 shares. The New Jersey-based Princeton Alpha Mngmt L P has invested 0.06% in Barnes & Noble, Inc. (NYSE:BKS). Ancora Limited Liability has 0.19% invested in the company for 142,189 shares. Petrus Tru Lta accumulated 10,766 shares or 0.03% of the stock. Tower Rech Limited (Trc) holds 0% or 1,476 shares in its portfolio. Nationwide Fund last reported 0% of its portfolio in the stock. Moreover, Loomis Sayles Communication Ltd Partnership has 0.02% invested in Barnes & Noble, Inc. (NYSE:BKS) for 722,095 shares. Barclays Public accumulated 72,908 shares or 0% of the stock.
Insider Transactions: Since September 9, 2016, the stock had 0 buys, and 2 sales for $305,194 net activity. $103,774 worth of Barnes & Noble, Inc. (NYSE:BKS) was sold by DEASON DAVID S on Monday, October 10. On Friday, September 9 Argir Frederic sold $201,420 worth of the stock or 17,377 shares.
About 323,454 shares traded hands. Barnes & Noble, Inc. (NYSE:BKS) has risen 6.76% since April 25, 2016 and is uptrending. It has outperformed by 0.75% the S&P500.
Barnes & Noble, Inc. is a bookseller. The company has a market cap of $924.89 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 92.2 P/E ratio. It operates in two divisions: Barnes & Noble Retail and NOOK.
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.”
More 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 Streetinsider.com published the news titled: “Form 4 BARNES & NOBLE INC For: Nov 23 Filed by: Herpich Peter M” on November 28, 2016. Prnewswire.com‘s news article titled: “XYZprinting and Barnes & Noble Team up to Teach Makers How to Turn 2D Ideas ..” with publication date: November 03, 2016 was also an interesting one.
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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