Stock Traders Purchase Large Volume of Barnes & Noble Put Options (BKS) – Fairfield Current

This post was originally published on this site

Barnes & Noble, Inc. (NYSE:BKS) was the recipient of unusually large options trading on Thursday. Stock investors bought 2,184 put options on the stock. This is an increase of approximately 1,038% compared to the typical volume of 192 put options.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Barnes & Noble by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 648,581 shares of the specialty retailer’s stock valued at $4,598,000 after purchasing an additional 36,838 shares during the period. Norges Bank acquired a new stake in Barnes & Noble during the 4th quarter valued at approximately $5,064,000. Millennium Management LLC acquired a new stake in Barnes & Noble during the 4th quarter valued at approximately $3,595,000. Municipal Employees Retirement System of Michigan acquired a new stake in Barnes & Noble during the 4th quarter valued at approximately $114,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Barnes & Noble by 348.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 20,600 shares of the specialty retailer’s stock valued at $146,000 after purchasing an additional 16,004 shares during the period. 70.69% of the stock is owned by institutional investors and hedge funds.

Barnes & Noble stock opened at $5.50 on Friday. Barnes & Noble has a 1 year low of $4.45 and a 1 year high of $7.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.12 and a quick ratio of 0.14. The company has a market capitalization of $393.79 million, a PE ratio of 12.81 and a beta of 0.67.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Thursday, March 7th. The specialty retailer reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.14. Barnes & Noble had a return on equity of 7.09% and a net margin of 0.04%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted ($0.87) earnings per share. The firm’s revenue was up .0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date is Thursday, April 4th.

BKS has been the subject of several research analyst reports. Craig Hallum raised Barnes & Noble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Monday, December 17th. TheStreet raised Barnes & Noble from a “d+” rating to a “c-” rating in a research note on Tuesday, January 8th.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2019/03/15/traders-buy-high-volume-of-barnes-noble-put-options-bks.html.

About Barnes & Noble

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.

Recommended Story: Buy-Side Analysts

Receive News & Ratings for Barnes & Noble Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Barnes & Noble and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply