Barnes & Noble (BKS) Stock Price Down 6.9%

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Barnes & Noble, Inc. (NYSE:BKS)’s share price fell 6.9% on Tuesday . The company traded as low as $5.76 and last traded at $5.78. 1,526,550 shares changed hands during trading, a decline of 18% from the average session volume of 1,851,803 shares. The stock had previously closed at $6.21.

A number of research firms have recently weighed in on BKS. TheStreet upgraded Barnes & Noble from a “d+” rating to a “c-” rating in a report on Tuesday, January 8th. Craig Hallum upgraded Barnes & Noble from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.00 to $10.00 in a report on Monday, December 17th.

The firm has a market capitalization of $424.39 million, a price-to-earnings ratio of 13.14 and a beta of 1.18. The company has a quick ratio of 0.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.67.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Tuesday, November 20th. The specialty retailer reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $771.20 million during the quarter, compared to analysts’ expectations of $772.03 million. Barnes & Noble had a positive return on equity of 7.32% and a negative net margin of 3.60%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.41) EPS.

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 26th. Stockholders of record on Friday, January 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date of this dividend was Thursday, January 3rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in Barnes & Noble during the 4th quarter valued at about $41,000. United Services Automobile Association purchased a new position in Barnes & Noble during the 3rd quarter valued at about $117,000. Levin Capital Strategies L.P. purchased a new position in Barnes & Noble during the 3rd quarter valued at about $145,000. MetLife Investment Advisors LLC purchased a new position in Barnes & Noble during the 2nd quarter valued at about $187,000. Finally, SG Americas Securities LLC purchased a new position in Barnes & Noble during the 3rd quarter valued at about $275,000. Institutional investors and hedge funds own 65.99% of the company’s stock.

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Barnes & Noble Company Profile (NYSE:BKS)

Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

See Also: What is an Initial Public Offering (IPO)?

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