Barnes & Noble Sees Unusually Large Options Volume (BKS)

Barnes & Noble (NYSE:BKS) saw unusually large options trading activity on Thursday. Traders acquired 12,085 call options on the company. This represents an increase of approximately 3,089% compared to the average volume of 379 call options.

BKS has been the topic of a number of analyst reports. ValuEngine lowered shares of Barnes & Noble from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. TheStreet lowered shares of Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.50.

BKS opened at $5.20 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.14 and a debt-to-equity ratio of 0.13. Barnes & Noble has a fifty-two week low of $5.10 and a fifty-two week high of $5.22. The stock has a market capitalization of $378.53 million, a P/E ratio of 10.83 and a beta of 2.11.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.26. Barnes & Noble had a negative net margin of 3.19% and a positive return on equity of 6.72%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.54%. The ex-dividend date was Thursday, April 5th. Barnes & Noble’s payout ratio is 139.53%.

Hedge funds have recently modified their holdings of the business. Gendell Jeffrey L grew its position in Barnes & Noble by 42.6% in the 4th quarter. Gendell Jeffrey L now owns 1,613,944 shares of the specialty retailer’s stock worth $10,814,000 after purchasing an additional 482,426 shares in the last quarter. Sterneck Capital Management LLC grew its position in Barnes & Noble by 23.8% in the 4th quarter. Sterneck Capital Management LLC now owns 73,545 shares of the specialty retailer’s stock worth $493,000 after purchasing an additional 14,160 shares in the last quarter. J. Goldman & Co LP bought a new stake in Barnes & Noble in the 4th quarter worth about $201,000. Guggenheim Capital LLC grew its position in Barnes & Noble by 156.6% in the 4th quarter. Guggenheim Capital LLC now owns 417,290 shares of the specialty retailer’s stock worth $2,793,000 after purchasing an additional 254,667 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Barnes & Noble by 64.0% in the 3rd quarter. Wells Fargo & Company MN now owns 93,832 shares of the specialty retailer’s stock worth $714,000 after purchasing an additional 36,626 shares in the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

About Barnes & Noble

Barnes & Noble, Inc operates as a content and commerce company in the United States. Barnes & Noble, Inc operates as a retailer of books, content, digital media, and educational products. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

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