Separately, Craig Hallum upgraded Barnes & Noble from a hold rating to a buy rating and upped their target price for the stock from $7.00 to $10.00 in a report on Monday, December 17th.
BKS opened at $6.34 on Tuesday. Barnes & Noble has a 52-week low of $4.10 and a 52-week high of $7.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.18 and a quick ratio of 0.14. The firm has a market cap of $552.43 million, a P/E ratio of 17.16 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Saturday, January 26th. Shareholders of record on Friday, January 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.46%. The ex-dividend date is Thursday, January 3rd.
Several hedge funds have recently modified their holdings of BKS. United Services Automobile Association bought a new position in shares of Barnes & Noble in the 3rd quarter worth $117,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Barnes & Noble in the 2nd quarter worth $131,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Barnes & Noble in the 2nd quarter worth $135,000. Levin Capital Strategies L.P. bought a new position in shares of Barnes & Noble in the 3rd quarter worth $145,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Barnes & Noble in the 2nd quarter worth $187,000. Institutional investors and hedge funds own 66.47% of the company’s stock.
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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