Barnes & Noble Inc. (NYSE:BKS) VP David S. Deason sold 9,620 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 96,297 shares of the company’s stock, valued at C$1,039,044.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Barnes & Noble Inc. (NYSE:BKS) opened at 10.55 on Friday. The company has a 50 day moving average of $11.19 and a 200-day moving average of $11.77. The firm’s market cap is $771.76 million. Barnes & Noble Inc. has a one year low of $7.25 and a one year high of $13.89.
Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. The company had revenue of $913.90 million for the quarter, compared to analyst estimates of $959.65 million. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.68) EPS. On average, equities research analysts predict that Barnes & Noble Inc. will post $0.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 7th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.60 dividend on an annualized basis and a yield of 5.69%. Barnes & Noble’s dividend payout ratio (DPR) is -599.94%.
A number of brokerages have weighed in on BKS. Zacks Investment Research cut shares of Barnes & Noble from a “hold” rating to a “sell” rating in a research report on Tuesday. Sidoti began coverage on shares of Barnes & Noble in a research report on Thursday, August 18th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Gabelli cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Barnes & Noble has an average rating of “Hold” and a consensus price target of C$15.38.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKS. Commonwealth Equity Services Inc raised its position in Barnes & Noble by 35.8% in the first quarter. Commonwealth Equity Services Inc now owns 42,144 shares of the company’s stock worth $521,000 after buying an additional 11,099 shares during the period. Aperio Group LLC purchased a new position in Barnes & Noble during the first quarter worth about $252,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Barnes & Noble during the first quarter worth about $538,000. TIAA CREF Investment Management LLC raised its position in Barnes & Noble by 16.8% in the first quarter. TIAA CREF Investment Management LLC now owns 338,782 shares of the company’s stock worth $4,187,000 after buying an additional 48,617 shares during the period. Finally, Prudential Financial Inc. raised its position in Barnes & Noble by 14.6% in the first quarter. Prudential Financial Inc. now owns 162,794 shares of the company’s stock worth $2,012,000 after buying an additional 20,800 shares during the period. Institutional investors own 75.59% of the company’s stock.
About Barnes & Noble