Shares of Barnes & Noble Inc. (NYSE:BKS) fell 11.7% during trading on Wednesday . The stock traded as low as $11.58 and last traded at $11.81, with a volume of 1,645,447 shares. The stock had previously closed at $13.38.

Several brokerages have commented on BKS. TheStreet lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Barnes & Noble currently has an average rating of “Hold” and a consensus price target of C$18.13.

The firm’s market capitalization is $878.97 million. The firm’s 50-day moving average price is $12.62 and its 200 day moving average price is $11.49.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.60 annualized dividend and a yield of 5.04%.

Several institutional investors recently bought and sold shares of BKS. First Trust Advisors LP boosted 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 worth $1,443,000 after buying an additional 48,051 shares during the period. New York State Common Retirement Fund boosted its position 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 worth $3,277,000 after buying an additional 216,970 shares during the period. Morgan Stanley boosted its position in 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 period. Finally, Dimensional Fund Advisors LP boosted its position in Barnes & Noble by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,252,050 shares of the company’s stock worth $54,455,000 after buying an additional 503,755 shares during the period.

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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