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Shares of Barnes & Noble (NYSE:BKS) were the recipient of some unusual options trading activity on Monday. Stock investors bought 9,948 call options on the stock, American Banking and Market News reports. This is an increase of approximately 282% compared to the average daily volume of 2,603 call options.

Separately, analysts at Zacks upgraded shares of Barnes & Noble from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $17.20 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.05.

Barnes & Noble (NYSE:BKS) traded up 8.81% during mid-day trading on Monday, hitting $16.06. 4,055,778 shares of the company’s stock traded hands. Barnes & Noble has a 1-year low of $12.59 and a 1-year high of $23.71. The stock has a 50-day moving average of $14. and a 200-day moving average of $14.95. The company’s market cap is $959.4 million.

Barnes & Noble (NYSE:BKS) last announced its earnings results on Tuesday, November 26th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.18. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted ($0.04) earnings per share. Barnes & Noble’s revenue was down 8.0% compared to the same quarter last year. Analysts expect that Barnes & Noble will post $-1.26 EPS for the current fiscal year.

Barnes & Noble, Inc (NYSE:BKS) is a bookseller.

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