Barnes & Noble Insider Sells $67,450 in Stock (BKS)
Barnes & Noble (NYSE:BKS) Insider Jamie Iannone sold 5,000 shares of Barnes & Noble stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $13.49, for a total transaction of $67,450.00. Following the transaction, the insider now directly owns 219,001 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on BKS. Analysts at Thomson Reuters/Verus upgraded shares of Barnes & Noble (NYSE:BKS) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 26th. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Barnes & Noble (NYSE:BKS) in a research note to investors on Wednesday, June 26th.
Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.67.
Barnes & Noble (NYSE:BKS) traded down 0.95% on Friday, hitting $13.51. 1,306,981 shares of the company’s stock traded hands. Barnes & Noble has a 52 week low of $11.77 and a 52 week high of $23.71. The stock’s 50-day moving average is $15.96 and its 200-day moving average is $17.6. The company’s market cap is $794.0 million.
Barnes & Noble (NYSE:BKS) last announced its earnings results on Tuesday, August 20th. The company reported ($0.86) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.74) by $0.12. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted ($0.78) earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts predict that Barnes & Noble will post $-1.12 earnings per share for the current fiscal year.
Barnes & Noble, Inc (NYSE:BKS) is a bookseller.
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