Barnes & Noble Inc. (NYSE:BKS) VP David S. Deason sold 9,620 shares of Barnes & Noble stock in a transaction on 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 owns 96,297 shares in the company, valued at approximately C$1,039,044.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Barnes & Noble Inc. (NYSE:BKS) opened at 10.56 on Wednesday. The firm’s market capitalization is $772.50 million. Barnes & Noble Inc. has a 12 month low of $7.25 and a 12 month high of $13.89. The stock’s 50 day moving average is $11.24 and its 200 day moving average is $11.79.
Barnes & Noble (NYSE:BKS) last announced its earnings results on Thursday, September 8th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the company posted ($0.68) earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. Equities research analysts forecast that Barnes & Noble Inc. will post $0.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.68%. The ex-dividend date is Wednesday, October 5th. Barnes & Noble’s payout ratio is -599.94%.
A number of hedge funds and other institutional investors have recently made changes to their positions in BKS. Prudential Financial Inc. boosted its position in shares of Barnes & Noble by 14.6% in the first quarter. Prudential Financial Inc. now owns 162,794 shares of the company’s stock valued at $2,012,000 after buying an additional 20,800 shares during the last quarter. Aperio Group LLC purchased a new stake in Barnes & Noble during the first quarter valued at about $252,000. Credit Agricole S A purchased a new stake in Barnes & Noble during the first quarter valued at about $293,000. Royce & Associates LP raised its stake in Barnes & Noble by 30.9% in the first quarter. Royce & Associates LP now owns 106,000 shares of the company’s stock valued at $1,310,000 after buying an additional 25,000 shares during the period. Finally, Princeton Alpha Management LP raised its stake in Barnes & Noble by 31.5% in the second quarter. Princeton Alpha Management LP now owns 30,538 shares of the company’s stock valued at $347,000 after buying an additional 7,307 shares during the period. Institutional investors and hedge funds own 75.59% of the company’s stock.
BKS has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Sidoti initiated coverage on shares of Barnes & Noble in a research report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$17.10.
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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