Today, 16,369 Shares of Stock are sold by Barnes & Noble Inc. (BKS) VP Peter M. Herpich

Today, 16,369 Shares of Stock are sold by Barnes & Noble Inc. (BKS) VP Peter M. Herpich

Barnes & Noble Inc. (NYSE:BKS) VP Peter M. Herpich sold 16,369 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $12.85, for a total transaction of $210,341.65. Following the completion of the transaction, the vice president now directly owns 21,931 shares of the company’s stock, valued at approximately $281,813.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Barnes & Noble Inc. (NYSE:BKS) opened at 12.65 on Tuesday. The company’s market cap is $925.39 million. The stock’s 50 day moving average is $10.92 and its 200 day moving average is $11.55. Barnes & Noble Inc. has a 1-year low of $7.25 and a 1-year high of $13.63.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.05. The company earned $858.50 million during the quarter, compared to analysts’ expectations of $859.78 million. Barnes & Noble had a net margin of 0.36% and a return on equity of 6.14%. Barnes & Noble’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Equities analysts anticipate that Barnes & Noble Inc. will post $0.53 earnings per share for the current fiscal year.

Several equities analysts recently commented on BKS shares. Zacks Investment Research downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Consumer Edge downgraded shares of Barnes & Noble from an “outperform” rating to an “equal weight” rating in a research note on Wednesday, November 16th. Gabelli downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Sidoti assumed coverage on shares of Barnes & Noble in a research note on Thursday, August 18th. They set a “neutral” rating and a $13.00 price target for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.38.

A number of institutional investors have recently modified their holdings of the stock. Princeton Alpha Management LP boosted its position in shares of Barnes & Noble by 31.5% in the second quarter. Princeton Alpha Management LP now owns 30,538 shares of the company’s stock valued at $347,000 after buying an additional 7,307 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Barnes & Noble by 89.9% in the second quarter. GSA Capital Partners LLP now owns 107,785 shares of the company’s stock valued at $1,223,000 after buying an additional 51,031 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Barnes & Noble by 5.0% in the second quarter. Commonwealth Equity Services Inc now owns 44,266 shares of the company’s stock valued at $502,000 after buying an additional 2,122 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Barnes & Noble by 86.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 68,839 shares of the company’s stock valued at $781,000 after buying an additional 31,948 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Barnes & Noble by 9.7% in the second quarter. California Public Employees Retirement System now owns 239,100 shares of the company’s stock valued at $2,714,000 after buying an additional 21,200 shares in the last quarter. 71.88% of the stock is owned by institutional investors.

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