Barnes & Noble (NYSE:BKS) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Shares of BKS stock opened at $5.30 on Thursday. Barnes & Noble has a 12-month low of $4.10 and a 12-month high of $8.00. The company has a market capitalization of $361.44 million, a P/E ratio of 9.30 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 0.13.
Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, September 6th. The specialty retailer reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $832.40 million. During the same period last year, the company earned ($0.15) earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Barnes & Noble by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,811,706 shares of the specialty retailer’s stock worth $11,504,000 after buying an additional 29,087 shares in the last quarter. Millennium Management LLC bought a new position in Barnes & Noble in the 2nd quarter worth approximately $1,050,000. MetLife Investment Advisors LLC bought a new position in Barnes & Noble in the 2nd quarter worth approximately $187,000. Metropolitan Life Insurance Co. NY bought a new position in Barnes & Noble in the 2nd quarter worth approximately $131,000. Finally, PEAK6 Investments L.P. grew its holdings in Barnes & Noble by 63.2% in the 2nd quarter. PEAK6 Investments L.P. now owns 252,282 shares of the specialty retailer’s stock worth $1,602,000 after buying an additional 97,682 shares in the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.
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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