Barnes & Noble Inc. (BKS) Shares Up 1.2%
Shares of Barnes & Noble Inc. (NYSE:BKS) shot up 1.2% during trading on Tuesday . The company traded as high as $12.85 and last traded at $12.77, with a volume of 335,534 shares traded. The stock had previously closed at $12.62.
Several analysts have commented on BKS shares. Zacks Investment Research cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. TheStreet upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$18.13.
The stock’s market capitalization is $937.27 million. The firm’s 50-day moving average is $11.66 and its 200-day moving average is $10.85.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.18. During the same quarter last year, the firm posted ($0.37) EPS. The company earned $876.70 million during the quarter. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Barnes & Noble Inc. will post $0.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.75%. The ex-dividend date is Wednesday, July 6th.
Other institutional investors recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Barnes & Noble by 40.8% in the fourth quarter. First Trust Advisors LP now owns 165,699 shares of the company’s stock valued at $1,443,000 after buying an additional 48,051 shares during the period. Engineers Gate Manager LP raised its position in Barnes & Noble by 1,011.2% in the fourth quarter. Engineers Gate Manager LP now owns 196,681 shares of the company’s stock valued at $1,713,000 after buying an additional 178,981 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Barnes & Noble during the fourth quarter valued at about $2,340,000. New York State Common Retirement Fund increased its stake in Barnes & Noble by 136.2% in the fourth quarter. New York State Common Retirement Fund now owns 376,280 shares of the company’s stock valued at $3,277,000 after buying an additional 216,970 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Barnes & Noble by 67.6% in the fourth quarter. Gabelli Funds LLC now owns 757,000 shares of the company’s stock valued at $6,593,000 after buying an additional 305,300 shares in the last quarter.
Barnes & Noble, Inc is a bookseller. The Company 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 segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company 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 products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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