Barnes & Noble Inc. (BKS) Trading 2.4% Higher
Shares of Barnes & Noble Inc. (NYSE:BKS) traded up 2.4% during mid-day trading on Monday . The company traded as high as $11.68 and last traded at $11.47, with a volume of 578,220 shares traded. The stock had previously closed at $11.20.
A number of equities analysts have weighed in on the stock. Gabelli downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Zacks Investment Research lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Sidoti initiated coverage on shares of Barnes & Noble in a report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price target for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$17.10.
The firm’s 50 day moving average is $12.63 and its 200 day moving average is $11.62. The stock’s market cap is $846.87 million.
Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.18. The firm had revenue of $876.70 million for the quarter. Barnes & Noble’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.37) earnings per share. Analysts predict that Barnes & Noble Inc. will post $0.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.17%. The ex-dividend date was Wednesday, July 6th.
A number of institutional investors recently added to or reduced their stakes in the stock. 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 valued at $3,277,000 after buying an additional 216,970 shares during the last quarter. 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 valued at $12,102,000 after buying an additional 365,931 shares during the last quarter. 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 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.
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