Barnes & Noble, Inc. (NYSE:BKS)’s share price dropped 6.5% during trading on Tuesday . The company traded as low as $6.92 and last traded at $6.94. Approximately 1,031,910 shares were traded during trading, a decline of 14% from the average daily volume of 1,205,757 shares. The stock had previously closed at $7.42.

BKS has been the subject of a number of analyst reports. Gabelli raised Barnes & Noble from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. ValuEngine raised Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th.

The stock has a market capitalization of $553.90 million, a P/E ratio of 16.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.18 and a quick ratio of 0.14.

Barnes & Noble (NYSE:BKS) last announced its quarterly earnings data on Tuesday, November 20th. The specialty retailer reported ($0.38) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.03. Barnes & Noble had a positive return on equity of 7.32% and a negative net margin of 3.60%. The business had revenue of $771.20 million during the quarter, compared to the consensus estimate of $772.03 million. During the same period in the previous year, the company posted ($0.41) earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of BKS. Principal Financial Group Inc. lifted its stake in Barnes & Noble by 2.6% during the first quarter. Principal Financial Group Inc. now owns 435,162 shares of the specialty retailer’s stock worth $2,154,000 after purchasing an additional 10,935 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Barnes & Noble during the second quarter worth approximately $585,000. Aperio Group LLC lifted its stake in Barnes & Noble by 57.4% during the second quarter. Aperio Group LLC now owns 76,630 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 27,940 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Barnes & Noble by 245.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 124,467 shares of the specialty retailer’s stock worth $790,000 after purchasing an additional 88,412 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Barnes & Noble by 18.0% during the second quarter. First Trust Advisors LP now owns 64,345 shares of the specialty retailer’s stock worth $409,000 after purchasing an additional 9,812 shares during the last quarter. Hedge funds and other institutional investors own 66.66% of the company’s stock.

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Barnes & Noble Company Profile (NYSE:BKS)

Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

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