Shares of Barnes & Noble, Inc. (NYSE:BKS) shot up 5.4% on Wednesday . The company traded as high as $7.95 and last traded at $7.85. 1,212,905 shares were traded during trading, a decline of 11% from the average session volume of 1,363,250 shares. The stock had previously closed at $7.45.

A number of research firms have weighed in on BKS. ValuEngine cut Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.

The firm has a 50 day moving average price of $7.58 and a 200-day moving average price of $8.03. The company has a market capitalization of $568.62 million, a P/E ratio of 26.43 and a beta of 2.38.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Thursday, June 22nd. The specialty retailer reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.04. The company had revenue of $821 million during the quarter, compared to analyst estimates of $787.54 million. Barnes & Noble had a return on equity of 5.45% and a net margin of 0.57%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) earnings per share. Equities analysts predict that Barnes & Noble, Inc. will post $0.55 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Barnes & Noble by 0.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,887 shares of the specialty retailer’s stock valued at $288,000 after purchasing an additional 190 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Barnes & Noble by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 300 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Barnes & Noble by 0.8% during the second quarter. Texas Permanent School Fund now owns 40,330 shares of the specialty retailer’s stock valued at $307,000 after purchasing an additional 337 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Barnes & Noble by 1.4% during the first quarter. Arizona State Retirement System now owns 28,817 shares of the specialty retailer’s stock valued at $267,000 after purchasing an additional 400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Barnes & Noble by 3.2% during the first quarter. BNP Paribas Arbitrage SA now owns 20,955 shares of the specialty retailer’s stock valued at $194,000 after purchasing an additional 655 shares during the last quarter. 71.61% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Barnes & Noble, Inc. (BKS) Shares Up 5.4%” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/06/barnes-noble-inc-bks-shares-up-5-4.html.

About Barnes & Noble

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.