Trade Report: Today: Barnes & Noble Inc. (BKS) VP Peter M. Herpich Sold 16,369 Shares

Today: Barnes & Noble Inc. (BKS) VP Peter M. Herpich Sold 16,369 Shares

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 sale, the vice president now directly owns 21,931 shares in the company, valued at $281,813.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Barnes & Noble Inc. (NYSE:BKS) traded down 2.32% during midday trading on Monday, reaching $12.65. 681,155 shares of the company’s stock traded hands. Barnes & Noble Inc. has a 1-year low of $7.25 and a 1-year high of $13.63. The firm’s market cap is $925.39 million. The stock’s 50 day moving average price is $10.87 and its 200 day moving average price is $11.53.

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

Several large investors have recently made changes to their positions in BKS. Princeton Alpha Management LP raised its stake 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 during the period. GSA Capital Partners LLP raised its stake 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 during the period. Commonwealth Equity Services Inc raised its stake in Barnes & Noble by 5.0% in the second quarter. Commonwealth Equity Services Inc now owns 44,266 shares of the company’s stock worth $502,000 after buying an additional 2,122 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in 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 worth $781,000 after buying an additional 31,948 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Barnes & Noble by 9.7% in the second quarter. California Public Employees Retirement System now owns 239,100 shares of the company’s stock worth $2,714,000 after buying an additional 21,200 shares during the last quarter. 71.88% of the stock is currently owned by institutional investors.

Several research firms have recently commented on BKS. Consumer Edge cut shares of Barnes & Noble from an “outperform” rating to an “equal weight” rating in a research note on Wednesday, November 16th. Zacks Investment Research upgraded shares of Barnes & Noble from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Sidoti assumed coverage on shares of Barnes & Noble in a report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Barnes & Noble has a consensus rating of “Hold” and a consensus target price of $15.38.

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