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.

Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 6th. The specialty retailer reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.14). Barnes & Noble had a positive return on equity of 7.29% and a negative net margin of 3.43%. The business had revenue of $794.80 million for the quarter, compared to analysts’ expectations of $832.40 million. During the same period in the previous year, the company earned ($0.15) EPS. Barnes & Noble’s quarterly revenue was down 6.9% compared to the same quarter last year.

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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