Stock Traders Purchase High Volume of Barnes & Noble Call Options (BKS)
Barnes & Noble (NYSE:BKS) was the recipient of unusually large options trading activity on Friday. Traders purchased 13,560 call options on the stock, Analyst Ratings.Net reports. This is an increase of 1,167% compared to the typical volume of 1,070 call options.
A number of analysts have recently weighed in on BKS shares. Analysts at Sidoti downgraded shares of Barnes & Noble to a “neutral” rating in a research note to investors on Friday, September 27th. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Barnes & Noble to $17.00 in a research note to investors on Tuesday, September 24th. Finally, analysts at Thomson Reuters/Verus upgraded shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.75.
Shares of Barnes & Noble (NYSE:BKS) opened at 14.41 on Monday. Barnes & Noble has a 1-year low of $12.59 and a 1-year high of $23.71. The stock’s 50-day moving average is $13.80 and its 200-day moving average is $17.. The company’s market cap is $859.4 million.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.86) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.78) earnings per share. Barnes & Noble’s revenue was down 8.5% compared to the same quarter last year. On average, analysts predict that Barnes & Noble will post $-1.16 earnings per share for the current fiscal year.
Barnes & Noble, Inc (NYSE:BKS) is a bookseller.
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