Barnes & Noble, Inc. (NYSE:BKS) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Stockholders of record on Friday, January 5th will be paid a dividend of 0.15 per share by the specialty retailer on Friday, January 26th. This represents a $0.60 annualized dividend and a dividend yield of 9.09%.
Barnes & Noble has a payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Barnes & Noble to earn $0.54 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 111.1%.
Shares of Barnes & Noble (NYSE BKS) traded up $0.10 during midday trading on Thursday, hitting $6.60. The stock had a trading volume of 1,610,000 shares, compared to its average volume of 1,104,562. The company has a quick ratio of 0.18, a current ratio of 1.11 and a debt-to-equity ratio of 0.47. Barnes & Noble has a 1-year low of $6.25 and a 1-year high of $13.20. The firm has a market cap of $473.11, a price-to-earnings ratio of 30.95, a PEG ratio of 1.27 and a beta of 2.56.
Barnes & Noble (NYSE:BKS) last issued its earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.15). The business had revenue of $791.12 million for the quarter, compared to analyst estimates of $812.20 million. Barnes & Noble had a return on equity of 2.86% and a net margin of 0.42%. Barnes & Noble’s revenue was down 7.9% on a year-over-year basis. During the same period last year, the business posted ($0.29) EPS. sell-side analysts forecast that Barnes & Noble will post 0.51 earnings per share for the current year.
BKS has been the topic of a number of research reports. Zacks Investment Research upgraded Barnes & Noble from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Craig Hallum downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
In related news, VP Frederic Argir sold 21,148 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $6.90, for a total transaction of $145,921.20. Following the transaction, the vice president now owns 70,213 shares in the company, valued at approximately $484,469.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Leonard Riggio purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $6.80 per share, for a total transaction of $6,800,000.00. Following the purchase, the chairman now directly owns 8,594,491 shares in the company, valued at $58,442,538.80. The disclosure for this purchase can be found here. Company insiders own 19.00% of the company’s stock.
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About Barnes & Noble
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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