Barnes & Noble Target of Unusually Large Options Trading (BKS)

Barnes & Noble, Inc. (NYSE:BKS) was the recipient of unusually large options trading on Friday. Traders bought 803 put options on the company. This is an increase of Infinity compared to the typical volume of 0 put options.

Barnes & Noble (NYSE:BKS) traded down $0.10 on Tuesday, hitting $6.50. The stock had a trading volume of 1,810,081 shares, compared to its average volume of 1,102,401. The stock has a market capitalization of $487.67, a P/E ratio of 31.91, a P/E/G ratio of 1.31 and a beta of 2.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.11. Barnes & Noble has a 1 year low of $6.25 and a 1 year high of $13.20.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.15). The business had revenue of $791.12 million during the quarter, compared to the consensus estimate of $812.20 million. Barnes & Noble had a return on equity of 2.86% and a net margin of 0.42%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.29) earnings per share. analysts expect that Barnes & Noble will post 0.51 earnings per share for the current year.

In other news, VP Frederic Argir sold 21,148 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $6.90, for a total value of $145,921.20. Following the completion of the transaction, the vice president now directly owns 70,213 shares of the company’s stock, valued at $484,469.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Leonard Riggio acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $6.80 per share, with a total value of $6,800,000.00. Following the purchase, the chairman now directly owns 8,594,491 shares of the company’s stock, valued at approximately $58,442,538.80. The disclosure for this purchase can be found here. 19.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BKS. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Barnes & Noble by 1,639.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock worth $3,317,000 after purchasing an additional 411,500 shares during the last quarter. Vanguard Group Inc. boosted its position in Barnes & Noble by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock valued at $58,723,000 after acquiring an additional 407,488 shares in the last quarter. State Street Corp boosted its position in Barnes & Noble by 22.6% during the 1st quarter. State Street Corp now owns 1,934,271 shares of the specialty retailer’s stock valued at $17,896,000 after acquiring an additional 357,060 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Barnes & Noble during the 2nd quarter valued at approximately $2,181,000. Finally, Koch Industries Inc. bought a new stake in Barnes & Noble during the 2nd quarter valued at approximately $220,000. 66.32% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on BKS shares. Zacks Investment Research downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Craig Hallum downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday.

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Barnes & Noble Company Profile

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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