Barnes & Noble (BKS) Upgraded by Gabelli to “Buy”
Barnes & Noble (NYSE:BKS) was upgraded by Gabelli from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.
Separately, ValuEngine raised shares of Barnes & Noble from a “sell” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold”.
Shares of Barnes & Noble stock traded up $0.20 during trading hours on Friday, reaching $4.75. 24,782 shares of the company’s stock were exchanged, compared to its average volume of 803,059. Barnes & Noble has a 1 year low of $4.10 and a 1 year high of $8.00. The firm has a market capitalization of $361.44 million, a price-to-earnings ratio of 8.33 and a beta of 1.62. The company has a quick ratio of 0.13, a current ratio of 1.05 and a debt-to-equity ratio of 0.39.
Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Barnes & Noble by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,811,706 shares of the specialty retailer’s stock valued at $11,504,000 after acquiring an additional 29,087 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Barnes & Noble during the 2nd quarter valued at about $1,050,000. MetLife Investment Advisors LLC acquired a new position in shares of Barnes & Noble during the 2nd quarter valued at about $187,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Barnes & Noble during the 2nd quarter valued at about $131,000. Finally, PEAK6 Investments L.P. boosted its position in shares of Barnes & Noble by 63.2% during the 2nd quarter. PEAK6 Investments L.P. now owns 252,282 shares of the specialty retailer’s stock valued at $1,602,000 after acquiring an additional 97,682 shares during the last quarter. 59.87% of the stock is currently owned by hedge funds and other institutional investors.
About Barnes & Noble
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
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