Barnes & Noble (NYSE:BKS) saw unusually large options trading activity on Thursday. Investors purchased 12,085 call options on the stock. This represents an increase of 3,089% compared to the typical volume of 379 call options.

Shares of Barnes & Noble opened at $5.20 on Friday, Marketbeat Ratings reports. The firm has a market cap of $378.53 million, a PE ratio of 12.09 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.14. Barnes & Noble has a 52-week low of $5.10 and a 52-week high of $5.22.

Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Barnes & Noble had a negative net margin of 3.19% and a positive return on equity of 6.72%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a $0.60 annualized dividend and a dividend yield of 11.54%. Barnes & Noble’s dividend payout ratio (DPR) is presently 139.53%.

Several brokerages have recently issued reports on BKS. TheStreet downgraded shares of Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. ValuEngine downgraded shares of Barnes & Noble from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Barnes & Noble currently has an average rating of “Hold” and an average target price of $8.50.

Large investors have recently made changes to their positions in the company. Gendell Jeffrey L increased its holdings in shares of Barnes & Noble by 42.6% during the fourth quarter. Gendell Jeffrey L now owns 1,613,944 shares of the specialty retailer’s stock worth $10,814,000 after buying an additional 482,426 shares in the last quarter. Sterneck Capital Management LLC increased its holdings in shares of Barnes & Noble by 23.8% during the fourth quarter. Sterneck Capital Management LLC now owns 73,545 shares of the specialty retailer’s stock worth $493,000 after buying an additional 14,160 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Barnes & Noble during the fourth quarter worth $201,000. Guggenheim Capital LLC grew its stake in shares of Barnes & Noble by 156.6% in the fourth quarter. Guggenheim Capital LLC now owns 417,290 shares of the specialty retailer’s stock worth $2,793,000 after purchasing an additional 254,667 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Barnes & Noble by 64.0% in the third quarter. Wells Fargo & Company MN now owns 93,832 shares of the specialty retailer’s stock worth $714,000 after purchasing an additional 36,626 shares during the last quarter. Institutional investors own 67.41% of the company’s stock.

Barnes & Noble Company Profile

Barnes & Noble, Inc operates as a content and commerce company in the United States. Barnes & Noble, Inc operates as a retailer of books, content, digital media, and educational products. 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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