Shares of Barnes & Noble Inc. (NYSE:BKS) fell 1% during mid-day trading on Tuesday . The stock traded as low as $11.45 and last traded at $11.49, with a volume of 285,655 shares trading hands. The stock had previously closed at $11.61.

Several research firms recently issued reports on BKS. Gabelli downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Zacks Investment Research raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, July 19th. Sidoti began coverage on shares of Barnes & Noble in a research report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, TheStreet downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Barnes & Noble presently has a consensus rating of “Hold” and an average target price of C$17.10.

The stock’s market cap is $856.83 million. The stock has a 50-day moving average price of $12.63 and a 200-day moving average price of $11.62.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings results on Wednesday, June 22nd. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.18. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. The firm earned $876.70 million during the quarter. Barnes & Noble’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts anticipate that Barnes & Noble Inc. will post $0.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 5.17%.

Several large investors have added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted 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 during the period. Morgan Stanley boosted its stake in 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 period. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $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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