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.
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.
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