Shares of Barnes & Noble Inc. (NYSE:BKS) rose 1.2% during mid-day trading on Tuesday . The stock traded as high as $12.85 and last traded at $12.77, with a volume of 335,534 shares trading hands. The stock had previously closed at $12.62.

BKS has been the topic of several research reports. Zacks Investment Research lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. TheStreet raised shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research report on Thursday, March 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$18.13.

The stock’s market capitalization is $945.39 million. The company’s 50-day moving average is $11.72 and its 200 day moving average is $10.87.

Barnes & Noble (NYSE:BKS) last announced its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.18. The company had revenue of $876.70 million for the quarter. During the same quarter in the prior year, the business posted ($0.37) EPS. The firm’s revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Barnes & Noble Inc. will post $0.65 EPS for the current year.

The company also recently disclosed 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 4.72%. The ex-dividend date of this dividend is Wednesday, July 6th.

A number of hedge funds have recently made changes to their positions in BKS. Dimensional Fund Advisors LP increased its stake in shares of Barnes & Noble by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,252,050 shares of the company’s stock valued at $54,455,000 after buying an additional 503,755 shares during the period. Morgan Stanley increased its stake in shares of Barnes & Noble by 35.7% in the fourth quarter. Morgan Stanley now owns 1,389,575 shares of the company’s stock worth $12,102,000 after buying an additional 365,931 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Barnes & Noble during the fourth quarter worth about $2,340,000. Gabelli Funds LLC increased its stake in shares of Barnes & Noble by 67.6% in the fourth quarter. Gabelli Funds LLC now owns 757,000 shares of the company’s stock worth $6,593,000 after buying an additional 305,300 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of 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 worth $3,277,000 after buying an additional 216,970 shares during 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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