Barnes & Noble Inc. (NYSE:BKS) declared a quarterly dividend on Wednesday, September 14th. Investors of record on Friday, October 7th will be paid a dividend of 0.15 per share on Friday, October 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Wednesday, October 5th.
Barnes & Noble (NYSE:BKS) opened at 10.99 on Friday. Barnes & Noble has a one year low of $7.25 and a one year high of $13.89. The stock’s market capitalization is $803.95 million. The company’s 50 day moving average price is $11.58 and its 200-day moving average price is $11.87.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates 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 company earned $913.90 million during the quarter, compared to analyst estimates of $959.65 million. During the same period in the prior year, the company earned ($0.68) earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. Analysts expect that Barnes & Noble will post $0.52 earnings per share for the current year.
In other news, insider Frederic Argir sold 17,377 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 73,154 shares of the company’s stock, valued at approximately C$847,854.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 19.00% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Barnes & Noble by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,558,830 shares of the company’s stock valued at $51,742,000 after buying an additional 121,648 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Barnes & Noble by 19.2% in the second quarter. BlackRock Advisors LLC now owns 29,411 shares of the company’s stock valued at $334,000 after buying an additional 4,745 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of Barnes & Noble by 32.0% in the second quarter. BlackRock Investment Management LLC now owns 285,525 shares of the company’s stock valued at $3,241,000 after buying an additional 69,186 shares during the last quarter. BlackRock Inc. increased its stake in shares of Barnes & Noble by 268.5% in the second quarter. BlackRock Inc. now owns 15,440 shares of the company’s stock valued at $175,000 after buying an additional 11,250 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Barnes & Noble by 12.0% in the second quarter. BlackRock Fund Advisors now owns 3,993,681 shares of the company’s stock valued at $45,328,000 after buying an additional 429,412 shares during the last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
A number of equities analysts recently commented on the company. Gabelli lowered Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, July 19th. Finally, 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 for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$17.10.
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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