Barnes & Noble Trading Down 2.5% Following Insider Selling (BKS)
Barnes & Noble (NYSE:BKS)’s share price dropped 2.5% during mid-day trading on Monday after an insider sold shares in the company, AnalystRatings.Net reports. The stock traded as low as $22.45 and last traded at $22.83, with a volume of 990,593 shares changing hands. The stock had previously closed at $23.42.
Specifically, Director George Campbell, Jr. sold 10,000 shares of the stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $23.35, for a total transaction of $233,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Maxim Group reiterated a “positive” rating on shares of Barnes & Noble in a research note on Thursday, June 5th. Analysts at Zacks downgraded shares of Barnes & Noble from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $21.70 price target on the stock.
The stock has a 50-day moving average of $19.13 and a 200-day moving average of $17.60. The company’s market cap is $1.349 billion.
Barnes & Noble (NYSE:BKS) last announced its earnings results on Wednesday, June 25th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.13. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted ($2.11) earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Barnes & Noble will post $-0.13 earnings per share for the current fiscal year.
Barnes & Noble, Inc (NYSE:BKS) is a bookseller.
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