Barnes & Noble (BKS) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Barnes & Noble (NYSE:BKS) from a d+ rating to a c- rating in a research note published on Tuesday.

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.



Barnes & Noble (NYSE:BKS) last issued its earnings results on Tuesday, November 20th. The specialty retailer reported ($0.38) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.03. Barnes & Noble had a positive return on equity of 7.32% and a negative net margin of 3.60%. The business had revenue of $771.20 million during the quarter, compared to analysts’ expectations of $772.03 million. During the same period in the prior year, the business earned ($0.41) EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year.

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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