Barnes & Noble Inc. (BKS) Sees Strong Trading Volume
Barnes & Noble Inc. (NYSE:BKS) saw strong trading volume on Thursday . 555,804 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 594,569 shares.The stock last traded at $11.84 and had previously closed at $11.91.
A number of equities analysts have commented on the company. Gabelli cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 19th. Sidoti assumed coverage on Barnes & Noble in a research note on Thursday. They issued a “neutral” rating on the stock. Finally, TheStreet cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$18.13.
The firm’s market cap is $854.62 million. The firm has a 50 day moving average price of $12.67 and a 200 day moving average price of $11.50.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.18. During the same period last year, the business earned ($0.37) earnings per share. The firm earned $876.70 million during the quarter. The business’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Barnes & Noble Inc. will post $0.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Wednesday, July 6th.
A number of institutional investors have recently made changes to their positions in BKS. First Trust Advisors LP raised its position in shares of 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 last quarter. New York State Common Retirement Fund raised its position 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. Morgan Stanley raised its position 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. Finally, Dimensional Fund Advisors LP raised its position 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 worth $54,455,000 after buying an additional 503,755 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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