Price Target Update on Barnes & Noble (NYSE:BKS)

Barnes & Noble (NYSE:BKS) : Average target price received by Barnes & Noble (NYSE:BKS) is $17.88 with an expected standard deviation of $1.24. The most aggressive target on the stock is $19, whereas the most downbeat target is $17. 2 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Gabelli & Co. initiates coverage on Barnes & Noble (NYSE:BKS). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on October 12, 2015.

Barnes & Noble (NYSE:BKS): stock turned positive on Thursday. Though the stock opened at $10.75, the bulls momentum made the stock top out at $11.63 level for the day. The stock recorded a low of $10.74 and closed the trading day at $11.26, in the green by 7.85%. The total traded volume for the day was 2,993,182. The stock had closed at $10.44 in the previous days trading.

The company shares have dropped -38.58% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $19.00 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $11.33 and the 200 Day Moving Average price is recorded at $10.47. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Barnes & Noble Inc, Cowen Scott S, had purchased 5,000 shares in a transaction dated on January 15, 2016. The transaction was executed at $8.28 per share with total amount equaling $41,400.

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 The Company operates approximately 648 bookstores in around 50 states.

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