Barnes & Noble (BKS) Stock Price Down 11.5% on Disappointing Earnings

HONG KONG-BRITAIN-LITERATURE-POTTER

(BKS) has the market capitalization of $540.96 Million. The stock stands almost -47.73% off versus the 52-week high and 10.4% away from the 52-week low.

Shares in Barnes & Noble Inc. fell 90 cents to close Thursday at $6.90. (BKS). The consensus rating is 2.8, suggesting the market has given up on the stock. The stock has 5 year expected PEG ratio of 1.95 whereas its trailing twelve month P/E ratio is 19.55. During the same period in the previous year, the company earned ($0.07) earnings per share. equities research analysts expect that Barnes & Noble, Inc. will post 0.51 earnings per share for the current fiscal year. (NYSE:BKS) saw some unusual options trading on Thursday.

Barnes & Noble (NYSE:BKS)'s trailing twelve month revenues are $3.83 Billion, whereas its price to sales ratio for the same period is 0.13. Also, the number of active investment managers holding Barnes & Noble Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. The stock recovered 48.94% since its low point and has performed -57.88% year-to-date. Sell-side analyst recommendations point to a short term price target of $14.83 on the company shares. Wall Street is only getting more bullish on the stock, with 1 of analysts who cover BKS having a buy-equivalent rating.

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Kirkland's, Inc. (KIRK) opened the session with a $12.62 price tag, later ranging from $12.51 to $13.18, the range at which the stock has traded at throughout the day. The lowest target is $17 while the high is $25. Teachers Advisors LLC now owns 264,808 shares of the specialty retailer's stock valued at $2,449,000 after acquiring an additional 22,239 shares during the last quarter. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Also, the Hold rating count is 0 as of 11/30/2017.

The Stock had a 2 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2 and 2.33 respectively. The firm has "Hold" rating by Stifel Nicolaus given on Friday, September 4. The share price has moved forward from its 20 days moving average, trading at a distance of 6.75% and stays 4.01% away from its 50 days moving average. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -6.12%. The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher.

Barnes & Noble CEO Demos Parneros, the company's fourth chief in that many years, said "that's our heritage" and that "we will place a greater emphasis on books".

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