Barnes & Noble Inc. (NYSE:BKS) VP David S. Deason sold 9,620 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of C$10.79, for a total value of C$103,799.80. Following the completion of the transaction, the vice president now owns 96,297 shares in the company, valued at C$1,039,044.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Barnes & Noble Inc. (NYSE:BKS) opened at 10.67 on Thursday. The firm’s market capitalization is $780.54 million. Barnes & Noble Inc. has a 52 week low of $7.25 and a 52 week high of $13.89. The stock has a 50 day moving average price of $11.21 and a 200 day moving average price of $11.78.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The business earned $913.90 million during the quarter, compared to analysts’ expectations of $959.65 million. During the same period last year, the company posted ($0.68) EPS. The company’s revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Barnes & Noble Inc. will post $0.52 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Barnes & Noble (NYSE:BKS)

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.60 annualized dividend and a yield of 5.62%. Barnes & Noble’s payout ratio is currently -599.94%.

BKS has been the topic of a number of research reports. Zacks Investment Research cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Sidoti initiated coverage on Barnes & Noble in a research note on Thursday, August 18th. They set a “neutral” rating and a $13.00 price target on the stock. Finally, Gabelli cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$15.38.

A number of hedge funds have recently added to or reduced their stakes in BKS. Suntrust Banks Inc. purchased a new stake in Barnes & Noble during the second quarter valued at approximately $116,000. Emerald Acquisition Ltd. purchased a new stake in Barnes & Noble during the second quarter valued at approximately $117,000. Rational Advisors LLC purchased a new stake in Barnes & Noble during the second quarter valued at approximately $126,000. Mason Street Advisors LLC purchased a new stake in Barnes & Noble during the second quarter valued at approximately $134,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Barnes & Noble by 17.0% in the second quarter. Public Employees Retirement System of Ohio now owns 13,163 shares of the company’s stock valued at $149,000 after buying an additional 1,911 shares during the last quarter. 75.59% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Company Profile

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.

5 Day Chart for NYSE:BKS

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