Barnes & Noble, Inc. (NYSE:BKS) traded up 6% during trading on Wednesday . The company traded as high as $5.35 and last traded at $5.30. 1,518,131 shares were traded during mid-day trading, an increase of 12% from the average session volume of 1,358,133 shares. The stock had previously closed at $5.00.
Separately, TheStreet downgraded Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.50.
The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.14. The stock has a market capitalization of $385.81, a P/E ratio of 11.74 and a beta of 2.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $0.60 dividend on an annualized basis and a yield of 11.72%. Barnes & Noble’s dividend payout ratio (DPR) is presently 139.53%.
A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Barnes & Noble by 16.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 89,142 shares of the specialty retailer’s stock worth $597,000 after buying an additional 12,785 shares during the period. J. Goldman & Co LP purchased a new stake in shares of Barnes & Noble in the fourth quarter worth approximately $201,000. MetLife Investment Advisors LLC purchased a new stake in shares of Barnes & Noble in the fourth quarter worth approximately $109,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Barnes & Noble by 296.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 176,140 shares of the specialty retailer’s stock worth $1,181,000 after buying an additional 131,700 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Barnes & Noble by 210.8% in the fourth quarter. California State Teachers Retirement System now owns 293,790 shares of the specialty retailer’s stock worth $1,968,000 after buying an additional 199,278 shares during the period. Institutional investors and hedge funds own 67.54% of the company’s stock.
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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.
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