Barnes & Noble plunges after bad holiday

Matthew Hunt
March 4, 2017

On a reported basis, the retail chain earned $0.71 per share, down from $0.85 per share during the same quarter past year.

(+) MNST, (+12.3%) Q4 revenue climbs 16.8 over the same quarter previous year to $753.8 mln, surpassing the $723.88 mln consensus call. (NYSE:BKS)'s share price fell 0.6% during mid-day trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $9.00 and last traded at $9.00, with a volume of 551,185 shares. Current stock price is in the upbeat territory taking into account of 20 days moving average with -0.06% and continued bullish run for 50 days moving average with 3.30%. Barnes & Noble has a one year low of $9.00 and a one year high of $13.63.

Several equities research analysts have commented on BKS shares. Zacks Investment Research upgraded shares of Barnes & Noble from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Monday, January 9th. Consumer Edge cut shares of Barnes & Noble from an "outperform" rating to an "equal weight" rating in a research report on Wednesday, November 16th.

Barnes & Noble Education had its "hold" rating reiterated by analysts at Cantor Fitzgerald.

The biggest institutional shareholders in Barnes & Noble, Inc. include Pamet Capital Management, LP which owns 10 million shares in the company valued at $117.73 million. California Public Employees Retirement System boosted its position in Barnes & Noble by 7.6% in the third quarter. Municipal Employees Retirement System of MI now owns 13,450 shares of the company's stock valued at $152,000 after buying an additional 130 shares in the last quarter. Prudential Financial Inc. owned 0.14% of Barnes & Noble worth $1,121,000 at the end of the most recent quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Barnes & Noble by 2.1% in the second quarter.

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Barnes & Noble Education, a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services.

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