Barnes & Noble (BKS) was Downgraded by Gabelli & Co to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Gabelli & Co advised their investors in a research report released on Aug 17, 2016.
On the company’s financial health, Barnes & Noble reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $-0.24. The company had revenue of $876.70 million for the quarter, compared to analysts expectations of $879.23 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Barnes & Noble opened for trading at $13.41 and hit $13.6 on the upside on Monday, eventually ending the session at $13.52, with a gain of 1.27% or 0.17 points. The heightened volatility saw the trading volume jump to 5,20,323 shares. Company has a market cap of $999 M.
In a different news, on Jan 15, 2016, Scott S Cowen (director) purchased 5,000 shares at $8.28 per share price. According to the SEC, on Jul 10, 2015, Jaime Carey (Chief Operating Officer) sold 25,000 shares at $26.83 per share price. On Jul 8, 2015, Paul B Guenther (director) purchased 4,000 shares at $26.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Barnes & Noble Inc. is a retailer of content digital media and educational products. The Company’s segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content commerce and technology company which provides access to trade books textbooks magazines newspapers and other content across its multi-channel distribution platform. The Company’s principal business is 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 emblematic apparel and gifts school and dorm supplies cafe products and services educational toys and games music and movies direct to customers through its bookstores or on barnesandnoble.com. The Company operates approximately 648 bookstores in around 50 states.