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Barnes & Noble is trading at $23.96; the stock is up 42% since book retailer reported its fourth-quarter numbers for 2014 in June when revenue rose by 3.5% to $1.3 billion.
In its previous update, the company announced plans to spin off the Nook business from the retail section of the company. The tablet business has struggled to compete with the iPad and the Kindle; more details regarding the spin-off may be revealed in this announcement. The disposal of Nook will come in the form on an IPO; given that recently posted declining revenue and on operating loss I wonder whether there by much demand for the company.
Equity analyst are fairly neutral on the stock: out of the seven recommendations, two are buys, three are holds and two are sells.
If the company can give positive guidance of the new company without Nook, it could target $25, with the 50-DMA of $22.43 acting as support.