Barnes & Noble (BKS) Shares Up -5.1%

Shares of Barnes & Noble, Inc. (NYSE:BKS) shot up 5.1% during trading on Thursday . The stock traded as high as $5.10 and last traded at $4.70. 434,045 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,583,532 shares. The stock had previously closed at $4.95.

Several research firms have recently issued reports on BKS. Craig Hallum lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th.

The company has a current ratio of 1.11, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. The stock has a market cap of $353.02, a PE ratio of 23.10 and a beta of 2.46.

Barnes & Noble (NYSE:BKS) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.15). Barnes & Noble had a net margin of 0.42% and a return on equity of 2.86%. The business had revenue of $791.12 million during the quarter, compared to the consensus estimate of $812.20 million. During the same period last year, the firm earned ($0.29) EPS. The business’s revenue for the quarter was down 7.9% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend was Thursday, January 4th. Barnes & Noble’s dividend payout ratio (DPR) is currently 285.71%.

In other news, VP Frederic Argir sold 21,148 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $6.90, for a total value of $145,921.20. Following the sale, the vice president now owns 70,213 shares of the company’s stock, valued at $484,469.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Leonard Riggio purchased 1,000,000 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $6,800,000.00. Following the transaction, the chairman now owns 8,594,491 shares of the company’s stock, valued at $58,442,538.80. The disclosure for this purchase can be found here. Insiders own 19.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP bought a new stake in Barnes & Noble during the 3rd quarter worth approximately $102,000. Teacher Retirement System of Texas bought a new stake in Barnes & Noble during the 4th quarter worth approximately $148,000. Cubist Systematic Strategies LLC bought a new stake in Barnes & Noble during the 3rd quarter worth approximately $171,000. Campbell & CO Investment Adviser LLC increased its holdings in Barnes & Noble by 76.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,507 shares of the specialty retailer’s stock worth $179,000 after acquiring an additional 10,158 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Barnes & Noble during the 3rd quarter worth approximately $189,000. 65.88% of the stock is currently owned by institutional investors and hedge funds.

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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

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