Barnes & Noble Inc. (BKS) Sees Strong Trading Volume
Barnes & Noble Inc. (NYSE:BKS) shares saw unusually-strong trading volume on Thursday . Approximately 555,804 shares were traded during 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 analysts have weighed in on BKS shares. Zacks Investment Research raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, July 19th. Sidoti started coverage on shares of Barnes & Noble in a research note on Thursday. They set a “neutral” rating and a $13.00 target price on the stock. TheStreet cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Gabelli cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Barnes & Noble has a consensus rating of “Hold” and a consensus price target of C$17.10.
The firm’s market cap is $826.57 million. The firm has a 50 day moving average of $12.67 and a 200 day moving average of $11.52.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Wednesday, June 22nd. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.18. The company had revenue of $876.70 million for the quarter. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) earnings per share. Equities analysts forecast that Barnes & Noble Inc. will post $0.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Wednesday, July 6th.
A number of hedge funds and institutional investors have added to or reduced their stakes in BKS. Dimensional Fund Advisors LP increased 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 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 in the last quarter. 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 in the last quarter. Finally, First Trust Advisors LP boosted its stake in 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 in 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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