Published On: Thu, Sep 15th, 2016

Q2 2017 EPS Estimates for Barnes & Noble Inc. (BKS) Increased by Craig Hallum

Barnes & Noble Inc. (NYSE:BKS) – Craig Hallum raised their Q2 2017 earnings per share (EPS) estimates for Barnes & Noble in a research note issued to investors on Tuesday. Craig Hallum analyst A. Fuhrman now anticipates that the brokerage will post earnings per share of ($0.27) for the quarter, up from their prior forecast of ($0.28). Craig Hallum also issued estimates for Barnes & Noble’s FY2017 earnings at $0.60 EPS, Q1 2018 earnings at ($0.14) EPS, Q2 2018 earnings at ($0.21) EPS and Q4 2018 earnings at ($0.09) EPS.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Sidoti assumed coverage on shares of Barnes & Noble in a report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Gabelli cut shares of Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$17.10.
Barnes & Noble (NYSE:BKS) traded up 1.343% during mid-day trading on Thursday, hitting $10.945. 616,202 shares of the stock were exchanged. Barnes & Noble has a one year low of $7.25 and a one year high of $13.89. The company’s market cap is $800.66 million. The company has a 50-day moving average price of $12.22 and a 200-day moving average price of $11.91.

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Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 8th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business earned $913.90 million during the quarter, compared to analysts’ expectations of $959.65 million. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.68) earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.56%. Barnes & Noble’s dividend payout ratio is currently -599.94%.
In related news, insider Frederic Argir sold 17,377 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of C$11.59, for a total transaction of C$201,399.43. Following the completion of the sale, the insider now owns 73,154 shares in the company, valued at approximately C$847,854.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of BKS. Highbridge Capital Management LLC boosted its stake in Barnes & Noble by 131.8% in the fourth quarter. Highbridge Capital Management LLC now owns 156,198 shares of the company’s stock valued at $1,360,000 after buying an additional 88,808 shares during the period. Sanders Morris Harris Inc. purchased a new stake in Barnes & Noble during the first quarter valued at approximately $358,000. Commonwealth Equity Services Inc boosted its stake in Barnes & Noble by 35.8% in the first quarter. Commonwealth Equity Services Inc now owns 42,144 shares of the company’s stock valued at $521,000 after buying an additional 11,099 shares during the period. Aperio Group LLC purchased a new stake in Barnes & Noble during the first quarter valued at approximately $252,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Barnes & Noble during the first quarter valued at approximately $538,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.
About Barnes & Noble
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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