Barnes & Noble Sees Unusually Large Options Volume (BKS)

Barnes & Noble Sees Unusually Large Options Volume (BKS)

(NYSE:BKS). Goldman Sachs Group Inc owns 380,313 shares. The institutional investor owned 96,004 shares of the specialty retailer's stock after acquiring an additional 25,016 shares during the quarter.

Barnes & Noble (BKS) traded up $0.25 during trading on Thursday, hitting $7.80.

The New York-based company's total sales fell almost 8 percent in its fiscal second quarter that ended October 28 compared to previous year, fueling a loss of $30.1 million. Teachers Advisors LLC raised its position in shares of Barnes & Noble by 9.2% during the 1st quarter. JPMorgan Chase & Co. grew its holdings in Barnes & Noble by 505.5% during the second quarter. Analysts set a 12-month price target of $3.61 a share. Customer traffic is down, and Barnes & Noble is losing market share.

Separately, Zacks Investment Research downgraded Barnes & Noble from a "buy" rating to a "hold" rating in a research note on Thursday, August 10th. Oklahoma-based Pinnacle Limited Liability Com has invested 0% in Barnes & Noble, Inc. Its book value per share for the most recent quarter is $7.67 while its price to book ratio for the same period is 0.9, as for as the company's cash per share for the most recent quarter is $0.17, however its price to cash per share ratio for the same period is 41.2. 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.

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Barnes & Noble Inc (NYSE:BKS) institutional sentiment increased to 1.48 in 2017 Q2.

Comparable sales fell 6% during the quarter to miss the consensus estimate for a 4.5% drop. The firm had revenue of $791.12 million for the quarter, compared to analyst estimates of $812.20 million. Out of 5 Wall Street analysts rating Barnes & Noble Inc., 2 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". "Harry Potter and The Cursed Child" hit stores during the same period past year. More interesting news about Barnes & Noble, Inc.

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Barnes & Noble, Inc is a bookseller. But unlike other troubled brick-and-mortar retailers who have closed a record number of stores so far this year, Barnes & Noble has kept its total store count relatively unchanged.