Barnes & Noble Inc. (NYSE:BKS) posted its quarterly earnings results on Tuesday. The company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.05. The business earned $858.50 million during the quarter, compared to analyst estimates of $859.78 million. Barnes & Noble had a positive return on equity of 6.07% and a negative net margin of 0.10%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) earnings per share.

Barnes & Noble (NYSE:BKS) opened at 12.65 on Wednesday. Barnes & Noble has a 1-year low of $7.25 and a 1-year high of $13.63. The firm’s market capitalization is $925.39 million. The firm’s 50-day moving average price is $10.77 and its 200-day moving average price is $11.51.

Earnings History for Barnes & Noble (NYSE:BKS)

The company also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Wednesday, October 5th. Barnes & Noble’s dividend payout ratio (DPR) is -599.94%.

In other news, VP David S. Deason sold 9,620 shares of Barnes & Noble stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $10.79, for a total transaction of $103,799.80. Following the completion of the sale, the vice president now directly owns 96,297 shares in the company, valued at approximately $1,039,044.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frederic Argir sold 17,377 shares of Barnes & Noble stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $11.59, for a total transaction of $201,399.43. Following the sale, the insider now owns 73,154 shares of the company’s stock, valued at $847,854.86. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.

Several large investors have recently bought and sold shares of BKS. Cetera Advisors LLC bought a new stake in Barnes & Noble during the third quarter worth about $313,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Barnes & Noble by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 153,821 shares of the company’s stock valued at $1,738,000 after buying an additional 49,058 shares in the last quarter. Clinton Group Inc. increased its position in shares of Barnes & Noble by 38.8% in the third quarter. Clinton Group Inc. now owns 51,741 shares of the company’s stock valued at $585,000 after buying an additional 14,461 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Barnes & Noble during the third quarter valued at about $496,000. Finally, HBK Investments L P increased its position in shares of Barnes & Noble by 200.9% in the third quarter. HBK Investments L P now owns 193,617 shares of the company’s stock valued at $2,188,000 after buying an additional 129,281 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

BKS has been the subject of several analyst reports. Zacks Investment Research lowered Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Consumer Edge lowered Barnes & Noble from an “outperform” rating to an “equal weight” rating in a research report on Wednesday, November 16th. Gabelli lowered Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Sidoti initiated coverage on Barnes & Noble in a research report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Barnes & Noble currently has an average rating of “Hold” and an average price target of $15.38.

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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.

5 Day Chart for NYSE:BKS

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