Barnes & Noble's revenue for the quarter was down 8.1% compared to the same quarter previous year. Municipal Employees Retirement System of MI increased its stake in Barnes & Noble by 1.0% in the third quarter.
Separately, Zacks Investment Research downgraded shares of Barnes & Noble from a "buy" rating to a "hold" rating in a research note on Tuesday, February 28th. They now have a Dollars 14 price target on the stock. Finally, KCG Holdings Inc. increased its stake in Barnes & Noble by 25.1% in the third quarter. Alpha One also gave media stories about the specialty retailer an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. Institutional investors own 71.76% of the company's stock.
News articles about Barnes & Noble Education (NYSE:BNED) have trended positive this week, Alpha One Sentiment reports. The stock has a market capitalization of $434.74 million, a PE ratio of 187.20 and a beta of 1.21.
Barnes & Noble Education (NYSE:BNED) traded down 1.68% during mid-day trading on Tuesday, reaching $9.36. The stock's 50 day moving average is $8.72 and its 200-day moving average is $10.26. Barnes & Noble has a 1-year low of $6.95 and a 1-year high of $13.63. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.17. Barnes & Noble Education had a negative net margin of 0.28% and a positive return on equity of 1.70%. Equities research analysts expect that Barnes & Noble Education will post $0.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th.
In other news, VP Lisa Malat sold 9,000 shares of the firm's stock in a transaction dated Friday, April 7th. This represents a $0.60 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date of this dividend was Wednesday, April 5th. Barnes & Noble Education earned a daily sentiment score of 0.43 on Alpha One's scale. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/05/18/barnes-noble-bks-receives-coverage-optimism-score-of-0-58.html. They now have a United States dollars 11 price target on the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.37% of the company's stock.
12/10/2015 - Barnes & Noble Education had its "hold" rating reiterated by analysts at Cantor Fitzgerald. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.