Barnes & Noble, Inc. (NYSE:BKS)’s share price traded down 5.7% during mid-day trading on Tuesday . The stock traded as low as $4.95 and last traded at $5.00. 1,388,749 shares changed hands during trading, a decline of 1% from the average session volume of 1,406,094 shares. The stock had previously closed at $5.30.
Several equities analysts recently issued reports on the company. Craig Hallum cut Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet downgraded Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.50.
The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.14. The stock has a market cap of $389.45, a PE ratio of -3.09 and a beta of 2.28.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Barnes & Noble had a positive return on equity of 6.72% and a negative net margin of 3.19%. Barnes & Noble’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 12.00%. The ex-dividend date of this dividend is Thursday, April 5th. Barnes & Noble’s payout ratio is -37.04%.
Institutional investors have recently added to or reduced their stakes in the business. Gendell Jeffrey L increased its position in Barnes & Noble by 42.6% during the fourth quarter. Gendell Jeffrey L now owns 1,613,944 shares of the specialty retailer’s stock worth $10,814,000 after buying an additional 482,426 shares in the last quarter. Sterneck Capital Management LLC increased its position in Barnes & Noble by 23.8% during the fourth quarter. Sterneck Capital Management LLC now owns 73,545 shares of the specialty retailer’s stock worth $493,000 after buying an additional 14,160 shares in the last quarter. Wells Fargo & Company MN increased its position in Barnes & Noble by 64.0% during the third quarter. Wells Fargo & Company MN now owns 93,832 shares of the specialty retailer’s stock worth $714,000 after buying an additional 36,626 shares in the last quarter. Royce & Associates LP grew its position in shares of 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 period. Finally, First Trust Advisors LP purchased a new stake in shares of Barnes & Noble in the third quarter valued at $340,000. 67.54% of the stock is owned by institutional investors.
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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