Craig Hallum Lowers Barnes & Noble (BKS) to Hold

Barnes & Noble (NYSE:BKS) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Friday, Marketbeat Ratings reports.

Separately, Zacks Investment Research downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Thursday, August 10th.

Shares of Barnes & Noble (BKS) traded down $0.20 during mid-day trading on Friday, reaching $6.70. 5,322,154 shares of the company’s stock were exchanged, compared to its average volume of 1,087,010. The company has a market cap of $548.35, a price-to-earnings ratio of 22.88, a PEG ratio of 1.48 and a beta of 2.60. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Barnes & Noble has a fifty-two week low of $6.25 and a fifty-two week high of $13.20.

Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.15). The business had revenue of $791.12 million for the quarter, compared to the consensus estimate of $812.20 million. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) EPS. research analysts anticipate that Barnes & Noble will post 0.51 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC purchased a new position in Barnes & Noble during the 2nd quarter worth $101,000. FNY Partners Fund LP purchased a new position in Barnes & Noble during the 3rd quarter worth $102,000. Petrus Trust Company LTA boosted its holdings in Barnes & Noble by 70.0% during the 2nd quarter. Petrus Trust Company LTA now owns 22,086 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 9,097 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Barnes & Noble during the 3rd quarter worth $171,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Barnes & Noble during the 3rd quarter worth $189,000. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

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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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