Barnes & Noble Inc. (BKS) Stock Price Up 2.4%
Barnes & Noble Inc. (NYSE:BKS)’s share price rose 2.4% on Monday . The stock traded as high as $11.68 and last traded at $11.47, with a volume of 578,220 shares trading hands. The stock had previously closed at $11.20.
BKS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, July 19th. TheStreet cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Gabelli cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Sidoti initiated coverage on Barnes & Noble in a research note on Thursday. They set a “neutral” rating and a $13.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$17.10.
The firm’s market capitalization is $856.83 million. The stock’s 50 day moving average is $12.67 and its 200 day moving average is $11.52.
Barnes & Noble (NYSE:BKS) last posted its earnings results on Wednesday, June 22nd. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.18. The firm earned $876.70 million during the quarter. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. On average, equities research analysts predict that Barnes & Noble Inc. will post $0.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 8th were paid a $0.15 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.60 annualized dividend and a yield of 5.17%.
Other large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake 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 valued at $1,443,000 after buying an additional 48,051 shares during the last quarter. New York State Common Retirement Fund boosted 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 valued at $3,277,000 after buying an additional 216,970 shares during the last quarter. Morgan Stanley boosted 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 valued at $12,102,000 after buying an additional 365,931 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.