Insider Selling: Barnes & Noble, Inc. (BKS) VP Sells $145,921.20 in Stock

Barnes & Noble, Inc. (NYSE:BKS) VP Frederic Argir sold 21,148 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $6.90, for a total transaction of $145,921.20. Following the completion of the transaction, the vice president now owns 70,213 shares in the company, valued at approximately $484,469.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Barnes & Noble, Inc. (NYSE BKS) traded up $0.10 during midday trading on Thursday, hitting $6.60. 1,610,000 shares of the stock traded hands, compared to its average volume of 1,104,562. Barnes & Noble, Inc. has a 12-month low of $6.25 and a 12-month high of $13.20. The stock has a market cap of $473.11, a price-to-earnings ratio of 30.95, a P/E/G ratio of 1.27 and a beta of 2.56. The company has a quick ratio of 0.18, a current ratio of 1.11 and a debt-to-equity ratio of 0.47.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.15). Barnes & Noble had a net margin of 0.42% and a return on equity of 2.86%. The business had revenue of $791.12 million for the quarter, compared to analysts’ expectations of $812.20 million. During the same period in the previous year, the company earned ($0.29) EPS. Barnes & Noble’s revenue for the quarter was down 7.9% compared to the same quarter last year. analysts forecast that Barnes & Noble, Inc. will post 0.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 9.09%. Barnes & Noble’s payout ratio is currently 285.73%.

BKS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Craig Hallum cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Barnes & Noble by 0.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,887 shares of the specialty retailer’s stock valued at $288,000 after buying an additional 190 shares in the last quarter. Texas Permanent School Fund grew its holdings in Barnes & Noble by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 40,330 shares of the specialty retailer’s stock valued at $307,000 after buying an additional 337 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Barnes & Noble by 4.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 45,618 shares of the specialty retailer’s stock valued at $422,000 after buying an additional 1,787 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Barnes & Noble by 6.0% during the 2nd quarter. SG Americas Securities LLC now owns 42,457 shares of the specialty retailer’s stock valued at $323,000 after acquiring an additional 2,392 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Barnes & Noble by 15.6% during the 1st quarter. JPMorgan Chase & Co. now owns 23,581 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 3,191 shares during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

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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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