Barnes & Noble, Inc. (BKS) Sees Large Volume Increase

Barnes & Noble, Inc. (NYSE:BKS) shares saw an uptick in trading volume on Thursday . 5,910,984 shares traded hands during trading, an increase of 464% from the previous session’s volume of 1,048,381 shares.The stock last traded at $7.10 and had previously closed at $6.60.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.

The firm has a market capitalization of $519.30, a P/E ratio of 20.30, a P/E/G ratio of 1.31 and a beta of 2.70. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $871.75 million. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. equities analysts forecast that Barnes & Noble, Inc. will post 0.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date was Thursday, October 5th. Barnes & Noble’s dividend payout ratio (DPR) is 171.43%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its position in Barnes & Noble by 21.3% in the third quarter. California Public Employees Retirement System now owns 343,925 shares of the specialty retailer’s stock worth $2,614,000 after purchasing an additional 60,425 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Barnes & Noble during the 3rd quarter valued at $171,000. Cornerstone Capital Management Holdings LLC. raised its stake in Barnes & Noble by 1,639.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock valued at $3,317,000 after purchasing an additional 411,500 shares during the period. Royce & Associates LP increased its stake in shares of Barnes & Noble by 6.0% in the third quarter. Royce & Associates LP now owns 954,503 shares of the specialty retailer’s stock worth $7,254,000 after acquiring an additional 53,879 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Barnes & Noble by 472.6% in the third quarter. KBC Group NV now owns 143,207 shares of the specialty retailer’s stock worth $1,088,000 after acquiring an additional 118,199 shares during the last quarter. Hedge funds and other institutional investors own 71.64% of the company’s stock.

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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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