Barnes & Noble Inc. (BKS) Given Average Recommendation of “Hold” by Brokerages
Shares of Barnes & Noble Inc. (NYSE:BKS) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.83.
Several brokerages recently weighed in on BKS. Consumer Edge downgraded Barnes & Noble from an “outperform” rating to an “equal weight” rating in a research report on Wednesday. Zacks Investment Research upgraded Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Sidoti began coverage on Barnes & Noble in a research report on Thursday, August 18th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Gabelli downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th.
In other news, VP David S. Deason sold 9,620 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of C$10.79, for a total transaction of C$103,799.80. Following the completion of the transaction, the vice president now directly owns 96,297 shares in the company, valued at C$1,039,044.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frederic Argir sold 17,377 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of C$11.59, for a total value of C$201,399.43. Following the transaction, the insider now owns 73,154 shares of the company’s stock, valued at C$847,854.86. The disclosure for this sale can be found here. 19.00% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its position in shares of Barnes & Noble by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,450 shares of the company’s stock worth $152,000 after buying an additional 130 shares during the period. Arizona State Retirement System increased its position in shares of Barnes & Noble by 1.3% in the second quarter. Arizona State Retirement System now owns 31,417 shares of the company’s stock worth $357,000 after buying an additional 400 shares during the period. BlackRock Inc. increased its position in shares of Barnes & Noble by 5.4% in the third quarter. BlackRock Inc. now owns 16,274 shares of the company’s stock worth $184,000 after buying an additional 834 shares during the period. Pinnacle Holdings LLC increased its position in shares of Barnes & Noble by 1.3% in the second quarter. Pinnacle Holdings LLC now owns 71,194 shares of the company’s stock worth $808,000 after buying an additional 920 shares during the period. Finally, Strs Ohio increased its position in shares of Barnes & Noble by 1.4% in the third quarter. Strs Ohio now owns 70,700 shares of the company’s stock worth $798,000 after buying an additional 1,000 shares during the period. Institutional investors own 74.68% of the company’s stock.
Shares of Barnes & Noble (NYSE:BKS) traded down 0.42% during mid-day trading on Wednesday, reaching $11.85. The company had a trading volume of 523,589 shares. The company’s market cap is $866.86 million. Barnes & Noble has a 52-week low of $7.25 and a 52-week high of $13.63. The firm’s 50-day moving average price is $10.60 and its 200 day moving average price is $11.51.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. Barnes & Noble had a positive return on equity of 6.07% and a negative net margin of 0.10%. The business earned $913.90 million during the quarter, compared to the consensus estimate of $959.65 million. During the same period in the prior year, the company earned ($0.68) EPS. Barnes & Noble’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that Barnes & Noble will post $0.52 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $0.60 annualized dividend and a yield of 5.04%. Barnes & Noble’s dividend payout ratio is presently -599.94%.
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.
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