Published: Fri, December 01, 2017
Markets | By Rosalie Gross

Barnes And Noble Losses: Blame Harry Potter

Barnes And Noble Losses: Blame Harry Potter

A total of 2.18 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.04 Million shares, while its relative volume stands at 2.09. During the past three months the stock gain 7.59%, bringing six months performance to 11.43%.

Shares in bookseller Barnes & Noble tumbled almost 12 percent Thursday after the company reported a sharp drop in quarterly sales.

Barnes & Noble, Inc. on 7/30/2017 reported its EPS as $-0.29 with the analysts projecting the EPS of the stock as $-0.34.

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Barnes & Noble posted revenue of $791.1 million in the period, less than the $811 million two analysts surveyed had expected. The company had a loss of $20.4 million in the same quarter previous year. There was no new Harry Potter installment this year. It was also a far cry from Wall Street's losses per share estimate of 26 cents for the quarter. 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. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Barnes & Noble by 0.5% during the second quarter. The company rocked its 52-Week High of $13.2 and touched its 52-Week Low of $6.25. Currently, the stock has a 1 Year Price Target of $10.67. Public Employees Retirement System of OH increased its stake in Barnes & Noble by 1.4% in the first quarter. Prudential Financial Inc. increased its stake in Barnes & Noble by 1.3% in the first quarter. Institutional investors own 66.23% of the company's stock.

BKS is available at a PE (price-to-earnings) ratio of 22.24x today, which tells us the stock is overvalued based on current earnings compared to the specialty retail industry average of 16.33x, and overvalued compared to the U.S. market average ratio of 21.71x. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15. 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.

Many analysts have provided their estimated foresights on Barnes & Noble, Inc. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform.

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