Barnes & Noble (BKS) Shares Gap Down to $6.36

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Shares of Barnes & Noble, Inc. (NYSE:BKS) gapped down prior to trading on Friday . The stock had previously closed at $5.71, but opened at $6.36. Barnes & Noble shares last traded at $6.40, with a volume of 73690 shares traded.

A number of analysts recently commented on the stock. TheStreet upgraded shares of Barnes & Noble from a “d+” rating to a “c-” rating in a report on Tuesday. Craig Hallum upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a report on Monday, December 17th.

The company has a current ratio of 1.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.67. The firm has a market cap of $552.43 million, a PE ratio of 17.16 and a beta of 1.18.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Tuesday, November 20th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.03. Barnes & Noble had a negative net margin of 3.60% and a positive return on equity of 7.32%. The business had revenue of $771.20 million for the quarter, compared to analyst estimates of $772.03 million. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 26th. Investors of record on Friday, January 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date is Thursday, January 3rd.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Barnes & Noble by 3.4% during the third quarter. Legal & General Group Plc now owns 122,855 shares of the specialty retailer’s stock valued at $708,000 after purchasing an additional 4,064 shares in the last quarter. Teachers Advisors LLC grew its position in Barnes & Noble by 10.8% during the third quarter. Teachers Advisors LLC now owns 128,809 shares of the specialty retailer’s stock valued at $747,000 after purchasing an additional 12,558 shares in the last quarter. BlueMountain Capital Management LLC grew its position in Barnes & Noble by 89.5% during the third quarter. BlueMountain Capital Management LLC now owns 159,026 shares of the specialty retailer’s stock valued at $922,000 after purchasing an additional 75,129 shares in the last quarter. Ibex Investors LLC purchased a new position in Barnes & Noble during the third quarter valued at approximately $1,365,000. Finally, United Services Automobile Association purchased a new position in Barnes & Noble during the third quarter valued at approximately $117,000. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

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About Barnes & Noble (NYSE:BKS)

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.

See Also: Net Income

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