Barnes & Noble, Inc. (NYSE:BKS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Barnes & Noble, Inc. is engaged in the retail sale of trade books (generally hardcover and paperback consumer titles, excluding educational textbooks and specialized religious titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, off-price bargain books and magazines. These collectively account for substantially all of the company’s bookstore sales. Bestsellers represent only a small portion of the Barnes & Noble store sales. “

A number of other equities analysts also recently issued reports on BKS. BidaskClub downgraded shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Shares of Barnes & Noble (BKS) traded down 1.75% during mid-day trading on Thursday, hitting $7.03. The stock had a trading volume of 852,026 shares. Barnes & Noble has a 52-week low of $6.25 and a 52-week high of $13.20. The stock has a market cap of $508.86 million, a P/E ratio of 23.65 and a beta of 2.38. The company’s 50 day moving average is $7.57 and its 200-day moving average is $7.93.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Thursday, September 7th. The specialty retailer reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The business had revenue of $853.00 million for the quarter, compared to the consensus estimate of $871.75 million. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Barnes & Noble’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Barnes & Noble will post $0.50 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKS. Teachers Advisors LLC boosted its stake in shares of Barnes & Noble by 85.0% during the fourth quarter. Teachers Advisors LLC now owns 242,569 shares of the specialty retailer’s stock valued at $2,705,000 after purchasing an additional 111,427 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Barnes & Noble by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 300 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Barnes & Noble by 158.9% during the first quarter. Nisa Investment Advisors LLC now owns 56,700 shares of the specialty retailer’s stock valued at $524,000 after purchasing an additional 34,800 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Barnes & Noble by 4.5% during the first quarter. Nationwide Fund Advisors now owns 100,121 shares of the specialty retailer’s stock valued at $926,000 after purchasing an additional 4,304 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Barnes & Noble by 22.1% during the first quarter. Strs Ohio now owns 81,200 shares of the specialty retailer’s stock valued at $751,000 after purchasing an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Barnes & Noble Company Profile

Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.

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