Analysts were looking for the company to report revenue of $812.20 million for its fiscal second quarter of 2018. Barnes & Noble (NYSE:BKS)'s price sits 7.32% above from its 50-day moving average of $7.15 and -0.64% away from the stock's 200-day moving average which is $7.29. Of those insider trades, 140,840 shares of Barnes & Noble, Inc. were purchased and 0 shares were sold. The company had revenue of $853.00 million for the quarter, compared to analysts' expectations of $871.75 million. 3,492,132 shares changed hands during trading, an increase of 227% from the average session volume of 1,068,611 shares.
But there was no new installment this year, and that had an impact on Barnes and Noble's bottom line. 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. But the company has been reporting more annual losses than profits in recent years, and has lost a total of $345 million since early 2010.
Barnes & Noble (NYSE:BKS) as of recent trade, has shown weekly upbeat performance of 9.09% which was maintained at 11.43% in 1-month period.
Shares in Barnes & Noble Inc. fell 90 cents to close Thursday at $6.90.More news: Suspect pleads not guilty to deadly NY truck attack
Examining Institutional Ownership at Barnes & Noble, Inc. Finally, Renaissance Technologies LLC raised its position in shares of Barnes & Noble by 130.4% during the 1st quarter. 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.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings results on Thursday, September 7th.
The company's quick ratio for most recent quarter is 0.2 along with current ratio for most recent quarter of 1. If you are accessing this news story on another website, it was illegally copied and reposted in violation of USA & global copyright and trademark legislation. The correct version of this news story can be viewed at https://weekherald.com/2017/11/30/barnes-noble-target-of-unusually-large-options-trading-bks.html.
Two weeks ago, Barnes & Noble's shares surged after activist investor Sandell Asset Management proposed buying the bookseller and taking it private. 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.