Barnes & Noble, Inc. (NYSE:BKS) rose 7.6% during trading on Friday . The stock traded as high as $7.85 and last traded at $7.10. Approximately 5,912,600 shares changed hands during trading, an increase of 464% from the average daily volume of 1,048,386 shares. The stock had previously closed at $6.60.

BKS has been the subject of several research analyst reports. Zacks Investment Research lowered Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub lowered Barnes & Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $533.82, a P/E ratio of 20.00, a P/E/G ratio of 1.29 and a beta of 2.70.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The company had revenue of $853.00 million during the quarter, compared to analyst estimates of $871.75 million. During the same quarter last year, the business posted ($0.07) EPS. Barnes & Noble’s quarterly revenue was down 6.7% compared to the same quarter last year. research analysts predict that Barnes & Noble, Inc. will post 0.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.45%. Barnes & Noble’s dividend payout ratio (DPR) is currently 171.43%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 407,488 shares in the last quarter. State Street Corp boosted its holdings in Barnes & Noble by 9.1% in the second quarter. State Street Corp now owns 2,110,832 shares of the specialty retailer’s stock valued at $16,042,000 after purchasing an additional 176,561 shares during the last quarter. Royce & Associates LP boosted its holdings in Barnes & Noble by 6.0% in the third quarter. Royce & Associates LP now owns 954,503 shares of the specialty retailer’s stock valued at $7,254,000 after purchasing an additional 53,879 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Barnes & Noble by 21.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 794,765 shares of the specialty retailer’s stock valued at $6,041,000 after purchasing an additional 142,037 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in Barnes & Noble by 46.3% in the second quarter. TIAA CREF Investment Management LLC now owns 458,867 shares of the specialty retailer’s stock valued at $3,487,000 after purchasing an additional 145,204 shares during the last quarter. Institutional investors and hedge funds own 71.64% of the company’s stock.

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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.

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