BidaskClub lowered shares of Barnes & Noble, Inc. (NYSE:BKS) from a sell rating to a strong sell rating in a report released on Friday morning.

A number of other brokerages have also recently issued reports on BKS. Zacks Investment Research upgraded Barnes & Noble from a sell rating to a hold rating in a report on Wednesday, May 3rd. ValuEngine cut Barnes & Noble from a buy rating to a hold rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $10.75.

Shares of Barnes & Noble (BKS) opened at 8.15 on Friday. Barnes & Noble has a 1-year low of $6.25 and a 1-year high of $13.63. The firm has a market cap of $590.35 million, a price-to-earnings ratio of 27.44 and a beta of 2.32. The company’s 50 day moving average price is $7.36 and its 200-day moving average price is $8.58.

Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Thursday, June 22nd. The specialty retailer reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.04. Barnes & Noble had a return on equity of 5.45% and a net margin of 0.57%. The company had revenue of $821 million for the quarter, compared to the consensus estimate of $787.54 million. During the same quarter in the previous year, the business earned ($0.42) EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts expect that Barnes & Noble will post $0.55 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend was Wednesday, July 5th. Barnes & Noble’s payout ratio is 214.29%.

Several institutional investors have recently modified their holdings of BKS. Great West Life Assurance Co. Can boosted its position in shares of Barnes & Noble by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 79,976 shares of the specialty retailer’s stock worth $731,000 after buying an additional 3,493 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in shares of Barnes & Noble during the first quarter worth about $641,000. North Star Investment Management Corp. bought a new position in shares of Barnes & Noble during the first quarter worth about $752,000. Strs Ohio boosted its position in shares of Barnes & Noble by 22.1% in the first quarter. Strs Ohio now owns 81,200 shares of the specialty retailer’s stock worth $751,000 after buying an additional 14,700 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Barnes & Noble by 4.5% in the first quarter. Nationwide Fund Advisors now owns 100,121 shares of the specialty retailer’s stock worth $926,000 after buying an additional 4,304 shares during the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.

Barnes & Noble Company Profile

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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