Barnes & Noble VP Unloads $470,864 in Stock (BKS)
Barnes & Noble (NYSE:BKS) VP Christopher Troia sold 20,918 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $22.51, for a total transaction of $470,864.18. Following the completion of the transaction, the vice president now directly owns 61,608 shares in the company, valued at approximately $1,386,796. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Barnes & Noble (NYSE:BKS) traded up 0.04% during mid-day trading on Monday, hitting $22.81. 648,537 shares of the company’s stock traded hands. Barnes & Noble has a 1-year low of $12.59 and a 1-year high of $23.56. The stock has a 50-day moving average of $19.66 and a 200-day moving average of $17.76. The company’s market cap is $1.367 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 $-0.14 earnings per share for the current fiscal year.
A number of research firms have recently commented on BKS. 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.
Barnes & Noble, Inc (NYSE:BKS) is a bookseller.
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