Barnes & Noble Inc (NYSE:BKS) Institutional Investor Sentiment Analysis

Sentiment for Barnes & Noble Inc (NYSE:BKS)

Barnes & Noble Inc (NYSE:BKS) institutional sentiment decreased to 1.49 in 2015 Q3. Its down -0.07, from 1.56 in 2015Q2. The ratio has dropped, as 111 hedge funds increased or started new positions, while 71 decreased and sold equity positions in Barnes & Noble Inc. The hedge funds in our partner’s database now hold: 64.81 million shares, up from 47.05 million shares in 2015Q2. Also, the number of hedge funds holding Barnes & Noble Inc in their top 10 positions decreased from 8 to 4 for a decrease of 4. Sold All: 38 Reduced: 33 Increased: 88 New Position: 23.

Barnes & Noble, Inc. is a retailer of content, digital media and educational products. The company has a market cap of $920.99 million. The Company’s divisions include Barnes & Noble Retail and NOOK. It has 125.08 P/E ratio. The Firm 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 stock decreased 0.48% or $0.06 on March 31, hitting $12.36. Barnes & Noble, Inc. (NYSE:BKS) has declined 16.88% since August 25, 2015 and is downtrending. It has underperformed by 27.17% the S&P500.

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.”

Towerview Llc holds 12.63% of its portfolio in Barnes & Noble, Inc. for 2.00 million shares. Abrams Capital Management L.P. owns 6.92 million shares or 6% of their US portfolio. Moreover, Gendell Jeffrey L has 4.28% invested in the company for 1.71 million shares. The Connecticut-based Silver Point Capital L.P. has invested 3.98% in the stock. Selz Capital Llc, a New York-based fund reported 710,000 shares.#img1#

Ratings analysis reveals 67% of Barnes & Noble Inc.’s analysts are positive. Out of 2 Wall Street analysts rating Barnes & Noble Inc., 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $17 while the high is $18.75. The stock’s average target of $17.88 is 61.81% above today’s ($12.36) share price. BKS was included in 5 notes of analysts from July 27, 2015. Gabelli initiated the shares of Barnes & Noble Inc. in a note on October 12 with “Buy” rating. Stifel Nicolaus maintained Barnes & Noble Inc.’s stock on September 4 with “Hold” rating.

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