Barnes & Noble Inc (NYSE:BKS): Positive Stock Sentiment

Barnes & Noble Inc (NYSE:BKS): Positive Stock Sentiment

(BKS) belonging to the Consumer Cyclical sector has surged 4.14% and closed its last trading session at $7.55. The stock had a trading volume of 2,207,600 shares, compared to its average volume of 1,058,074. Wall Street analysts covering the stock are projecting that the stock will reach $10.67 within the next 52-weeks. The target implies a 3.14% spike from where the shares are now trading. (NYSE:BKS) on Thursday, August 18 with "Neutral" rating. Hutchin Hill Capital Lp invested 0.05% in Barnes & Noble, Inc.

Additionally on 8/17/16 Gabelli & Co. (NYSE:BKS). Gabelli Funds Lc accumulated 32,000 shares. On Friday, May 26 the stock rating was upgraded by ValuEngine to "Buy".

On the other hand the company has Relative Strength Index (RSI 14) of 43.2 along with Average True Range (ATR 14) of 0.38, Consequently Barnes & Noble (NYSE:BKS)'s weekly and monthly volatility is 5.32%, 4.88% respectively.

Separately, Zacks Investment Research raised Barnes & Noble from a "sell" rating to a "hold" rating in a report on Wednesday, November 8th. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

COPYRIGHT VIOLATION NOTICE: "Barnes & Noble (BKS) Stock Price Down 11.5% on Disappointing Earnings" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.12) by ($0.03). Quinn Opportunity Partners LLC now owns 238,965 shares of the specialty retailer's stock worth $1,816,000 after purchasing an additional 177,965 shares during the last quarter.

Barnes & Noble (NYSE:BKS) posted its quarterly earnings data on Thursday.

Barnes & Noble had a bad second quarter, reporting a $30 million net loss against last year's net loss of $10 million, and coming in below analysts' expectations.

These analysts also forecasted Growth Estimates for the Current Quarter for BKS to be 9.4%.

BKS stock also didn't get any help today from its revenue of $791.12 million for its fiscal second quarter of 2018. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -6.12%. The last close places the company's stock about $6.3 off its 52 week high of $13.2 and $0.65 above the 52 week low of $6.25. The stock stands almost $4.79 off versus the 52-week high of $17.41 and $4.45 above the 52-week low of $8.17. The biggest holder now is Mr. Leonard Riggio who owns 7,594,591 shares (10.46% of those outstanding), whilst Mr. William J. Lynch, Jr holds 846,811 (1.17% of shares outstanding) and Ronald D. Boire holds 511,638 (0.70% of shares outstanding).