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

Barnes & Noble, Inc. (NYSE:BKS) saw unusually large options trading on Friday. Stock traders purchased 803 put options on the stock. This is an increase of Infinity compared to the average volume of 0 put options.

Shares of Barnes & Noble (NYSE:BKS) traded up $0.10 during mid-day trading on Thursday, reaching $6.70. The company’s stock had a trading volume of 1,557,250 shares, compared to its average volume of 1,106,431. The company has a market capitalization of $473.11, a P/E ratio of 30.95, a P/E/G ratio of 1.27 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 issued its earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share for the quarter, missing the Zacks’ 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 company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. research analysts predict that Barnes & Noble will post 0.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 8.96%. Barnes & Noble’s dividend payout ratio is 285.73%.

A number of analysts have recently commented on BKS shares. Zacks Investment Research downgraded Barnes & Noble from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Craig Hallum downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In related news, VP Frederic Argir sold 21,148 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $6.90, for a total value of $145,921.20. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Leonard Riggio acquired 1,000,000 shares of Barnes & Noble stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $6,800,000.00. Following the completion of the purchase, the chairman now directly owns 8,594,491 shares of the company’s stock, valued at $58,442,538.80. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKS. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Barnes & Noble by 1,639.4% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock valued at $3,317,000 after acquiring an additional 411,500 shares in the last quarter. Vanguard Group Inc. boosted its position in Barnes & Noble by 6.9% in the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock worth $58,723,000 after purchasing an additional 407,488 shares during the last quarter. State Street Corp boosted its position in Barnes & Noble by 22.6% in the first quarter. State Street Corp now owns 1,934,271 shares of the specialty retailer’s stock worth $17,896,000 after purchasing an additional 357,060 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Barnes & Noble in the second quarter worth $2,181,000. Finally, Koch Industries Inc. purchased a new position in Barnes & Noble in the second quarter worth $220,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

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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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