Barnes & Noble declines as its pivot beyond books sputters

Barnes & Noble (NYSE:BKS) last posted its quarterly earnings results on Thursday, September 7th. The company traded as low as $6.75 and last traded at $6.90. The stock exchanged hands 3.48 Million shares versus average trading capacity of 1.07 Million shares, yielding a market cap of $494.39 Million. The stock has "Buy" rating by Cantor Fitzgerald on Wednesday, October 7. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.12) by ($0.03).

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For the Current Quarter, the growth estimate for Barnes & Noble, Inc.is 10.3%, while for the Next Quarter the stock growth estimate is 9.4%. Analysts were looking for the company to report revenue of $812.20 million for its fiscal second quarter of 2018. During the same period in the previous year, the business earned ($0.29) EPS. The firm's quarterly revenue was down 7.9% compared to the same quarter past year. (NYSE:BKS). Blackrock reported 0% in Barnes & Noble, Inc. JPMorgan Chase & Co. now owns 23,581 shares of the specialty retailer's stock valued at $218,000 after acquiring an additional 3,191 shares during the last quarter. Texas Permanent School Fund increased its stake in Barnes & Noble by 0.8% in the second quarter. More interesting news about Barnes & Noble, Inc. Los Angeles Capital Management & Equity Research Inc. now owns 37,887 shares of the specialty retailer's stock valued at $288,000 after buying an additional 190 shares during the last quarter. 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%. Finally, Renaissance Technologies LLC raised its position in shares of Barnes & Noble by 130.4% during the 1st quarter. Institutional investors own 66.23% of the company's stock. The stock has a market capitalization of $548.35, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.48 and a beta of 2.60. These analysts have also projected a Low Estimate of $0.99/share and a High Estimate of $1.14/share. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The original version of this news story can be accessed at https://www.thelincolnianonline.com/2017/11/30/barnes-noble-inc-bks-position-boosted-by-american-century-companies-inc.html. The last close places the company's stock about $6.3 off its 52 week high of $13.2 and $0.65 above the 52 week low of $6.25. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK.

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