Barnes & Noble, Inc. (NYSE:BKS)’s share price rose 5.4% during mid-day trading on Wednesday . The stock traded as high as $7.95 and last traded at $7.85. Approximately 1,212,905 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 1,363,250 shares. The stock had previously closed at $7.45.

BKS has been the subject of several analyst reports. ValuEngine raised Barnes & Noble from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Zacks Investment Research raised Barnes & Noble from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, July 4th. Finally, BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.

The stock’s 50-day moving average is $7.59 and its 200 day moving average is $8.02. The company has a market capitalization of $514.30 million, a price-to-earnings ratio of 23.91 and a beta of 2.38.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.03. Barnes & Noble had a return on equity of 5.45% and a net margin of 0.57%. The company had revenue of $853 million for the quarter, compared to analysts’ expectations of $871.75 million. During the same period in the prior year, the business earned ($0.07) EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts expect that Barnes & Noble, Inc. will post $0.55 earnings per share for the current year.

A number of large investors have recently made changes to their positions in BKS. Vanguard Group Inc. lifted its position in Barnes & Noble by 6.9% in the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock valued at $58,723,000 after purchasing an additional 407,488 shares during the period. Royce & Associates LP lifted its position in Barnes & Noble by 126.5% in the first quarter. Royce & Associates LP now owns 670,324 shares of the specialty retailer’s stock valued at $6,200,000 after purchasing an additional 374,400 shares during the period. State Street Corp lifted its position in Barnes & Noble by 22.6% in the first quarter. State Street Corp now owns 1,934,271 shares of the specialty retailer’s stock valued at $17,896,000 after purchasing an additional 357,060 shares during the period. Acadian Asset Management LLC acquired a new stake in Barnes & Noble in the second quarter valued at about $2,181,000. Finally, Koch Industries Inc. acquired a new stake in Barnes & Noble in the second quarter valued at about $220,000. Hedge funds and other institutional investors own 71.61% of the company’s stock.

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Barnes & Noble Company Profile

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.