According to Zacks, “Barnes & Noble, Inc. is engaged in the retail sale of trade books (generally hardcover and paperback consumer titles, excluding educational textbooks and specialized religious titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, off-price bargain books and magazines. These collectively account for substantially all of the company’s bookstore sales. Bestsellers represent only a small portion of the Barnes & Noble store sales. “
A number of other analysts also recently weighed in on the company. Sidoti initiated coverage on Barnes & Noble in a research report on Thursday, August 18th. They set a neutral rating and a $13.00 target price for the company. Gabelli downgraded Barnes & Noble from a buy rating to a hold rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$15.38.
Barnes & Noble (NYSE:BKS) opened at 10.52 on Tuesday. Barnes & Noble has a one year low of $7.25 and a one year high of $13.89. The firm’s 50-day moving average price is $11.16 and its 200-day moving average price is $11.76. The company’s market cap is $769.57 million.
Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The firm earned $913.90 million during the quarter, compared to the consensus estimate of $959.65 million. Barnes & Noble had a positive return on equity of 6.07% and a negative net margin of 0.10%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.68) EPS. On average, equities research analysts forecast that Barnes & Noble will post $0.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.70%. Barnes & Noble’s dividend payout ratio (DPR) is currently -599.94%.
In other Barnes & Noble news, VP David S. Deason sold 9,620 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was 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 of the company’s stock, valued at approximately C$1,039,044.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frederic Argir sold 17,377 shares of the company’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 completion of the transaction, the insider now directly owns 73,154 shares of the company’s stock, valued at approximately C$847,854.86. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Suntrust Banks Inc. purchased a new position in shares of Barnes & Noble during the second quarter worth about $116,000. Emerald Acquisition Ltd. purchased a new position in shares of Barnes & Noble during the second quarter worth about $117,000. Rational Advisors LLC purchased a new position in shares of Barnes & Noble during the second quarter worth about $126,000. Mason Street Advisors LLC purchased a new position in shares of Barnes & Noble during the second quarter worth about $134,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of 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 worth $149,000 after buying an additional 1,911 shares during the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.
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.
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