Zacks Investment Research upgraded shares of Barnes & Noble, Inc. (NYSE:BKS) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Barnes & Noble, Inc. is engaged in the retail sale of trade books (generally hardcover and paperback consumer titles, excluding educational textbooks and specialized religious titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, off-price bargain books and magazines. These collectively account for substantially all of the company’s bookstore sales. Bestsellers represent only a small portion of the Barnes & Noble store sales. “

Separately, BidaskClub lowered shares of Barnes & Noble from a sell rating to a strong sell rating in a research report on Friday, July 28th.

Shares of Barnes & Noble (NYSE BKS) opened at $7.10 on Wednesday. Barnes & Noble has a twelve month low of $6.25 and a twelve month high of $13.20. The company has a market cap of $515.67, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.39 and a beta of 2.60. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15.

Barnes & Noble (NYSE:BKS) last announced its earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The business had revenue of $853.00 million for the quarter, compared to analysts’ expectations of $871.75 million. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. equities research analysts predict that Barnes & Noble will post 0.51 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 6th were given a $0.15 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.45%. Barnes & Noble’s payout ratio is currently 181.82%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Barnes & Noble by 6.9% in the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock worth $58,723,000 after purchasing an additional 407,488 shares during the period. State Street Corp boosted its position in shares of Barnes & Noble by 9.1% in the second quarter. State Street Corp now owns 2,110,832 shares of the specialty retailer’s stock worth $16,042,000 after purchasing an additional 176,561 shares during the period. Royce & Associates LP boosted its position in shares of Barnes & Noble by 34.4% in the second quarter. Royce & Associates LP now owns 900,624 shares of the specialty retailer’s stock worth $6,845,000 after purchasing an additional 230,300 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Barnes & Noble by 23.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 652,728 shares of the specialty retailer’s stock worth $4,961,000 after purchasing an additional 123,299 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Barnes & Noble by 46.3% in the second quarter. TIAA CREF Investment Management LLC now owns 458,867 shares of the specialty retailer’s stock worth $3,487,000 after purchasing an additional 145,204 shares during the period. Institutional investors and hedge funds own 71.74% of the company’s stock.

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 www.barnesandnoble.com.

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