Barnes & Noble, Inc. (NYSE:BKS) receieved a positive analyst call from Craig Hallum, which upgraded the stock from Hold to Buy on December 17. Analysts at Gabelli & Co, shed their negative views on September 07 by lifting it fromHold to Buy. Analysts at Sidoti, made their first call about the stock on August 18, recommending it is Neutral. Gabelli & Co analysts came out with bearish views on August 17 when the call was made. They think the stock is now Hold compared to to their prior call for Buy.
Barnes & Noble, Inc. (BKS) grew as high as $7.09 on Thursday before closing at $6.36. The -15.76 percent plunge dragged its market cap to $436.23M. The shares went down as low as $6.35 before recovering. Trading activity significantly improved as the volume at ready counter increased to 3,729,736 shares versus 2,209,285 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,856,257 shares. The stock is now 55.12% above against its bear-market low of $4.1 on March 01, 2018. It has retreated -22.8% since it’s 52-week high of $7.81 reached in January. Now the market price is up 22.31% on the year and down -10.3% YTD.
BKS’s 50 day simple moving average (SMA 50) price is $6.79 and its 200-day simple moving average (SMA 200) price is $6.02. The company’s stock currently has a total float of 54.9M shares. Its weekly volatility is hovering around 6.3% and felt 6.47% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.85. On a downside, the stock is likely to find some support, which begins at $6.11. The failure to get near-term support could push it to $5.86.
Separately, it has been reported that multiple insider activity took place at Barnes & Noble, Inc. (BKS). VP, Chief Digital Officer Argir Frederic sold 21,148 shares for $70,213 in transaction occurred on 2017/12/01. After making this transaction, the VP, Chief Digital Officer owns a direct stake of 145,921 shares, worth $446,555, as per the last closing price. On 2017/12/01 Riggio Leonard, Chairman of the Board, 10% Owner at BKS, purchased 1,000,000 shares at an average price of $6.8 per share. The new stake is valued at $89,371,560.
10% Owner, Abrams Capital Management, L.P had divested 4,500,000 shares for $5,918,775 through a trade on 2017/04/18. Following this activity, the insider holds 38,610,000 shares worth $37,643,409 as of recent close. Wall Street’s most bullish Barnes & Noble, Inc. (NYSE:BKS) analysts are predicting the share price to blow past $10 per share during the next 12 months. The current median share price forecast by them is $8.75, suggesting that the stock could increase 37.58% in that time frame. The average price target of $8.75 calls for a nearly 37.58% increase in the stock price.
Moreover, it trades for 12.11 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.11x price/book and 0.12x price/sales. Compared to others, Barnes & Noble, Inc. is in a different league with regards to profitability, having net margins of -3.6%. To put some perspective around this, the industry’s average net margin is 0.75%. BKS’s ROE is -29.9%, which is also considerably worse than the industry’s ROE of 14.73%. It’s also very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 0.67.
Shares of Barnes & Noble, Inc. (BKS) have gained 11.7% since the company’s Jul-19 earnings report. Over the past 8 fiscal quarters, Barnes & Noble, Inc. (NYSE:BKS) has topped consensus earnings estimates in 2 quarters (16%), missed earnings in 5 quarters (41%), whereas at 1 occasion EPS met analyst expectations. BKS last reported earnings on November 20, 2018 when it released Oct-18 results that exceeded expectations. The company raked in -$0.38 per share, -94.81% change on the same period last year. That was better than consensus for -$0.41. Revenue for the recent quarter stood at $771.19 million, down -3% on last year and below the $772.03 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $781.55 million to $788.9 million, which should be compared with $0 generated last year. EPS is seen in a range of -$0.26 to -$0.19, against the 0 reported a year ago.