Barnes & Noble, Inc. Stock Plunges on Q2 Earnings Miss

Bezos needs the cloud

(BKS) belonging to the Consumer Cyclical sector has surged 4.14% and closed its last trading session at $7.55.

The company's consensus rating on Reuter's scale improved from 2.71 to 2.95 during a month. Institutional investors own 66.23% of the company's stock. JPMorgan Chase & Co. now owns 142,782 shares of the specialty retailer's stock worth $1,085,000 after purchasing an additional 119,201 shares during the period. Texas Permanent School Fund increased its stake in Barnes & Noble by 0.8% in the second quarter. Geode Capital Management LLC raised its position in shares of Barnes & Noble by 2.8% during the 1st quarter. Public Employees Retirement System of OH now owns 53,075 shares of the specialty retailer's stock valued at $491,000 after acquiring an additional 708 shares during the period. The insider now holds 55,919 shares of Barnes & Noble, Inc. The stock has been active on the tape, now trading at $7.55, up from yesterday's close by 4.14%. JPMorgan Chase & Co. grew its holdings in Barnes & Noble by 505.5% during the second quarter. (BKS) has made a move of +7.86% over the past month, which has come on Strong relative transaction volume. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15. The company rocked its 52-Week High of $13.2 and touched its 52-Week Low of $6.25.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 2.21 whereas its trailing twelve month P/E ratio is 22.1.

Barnes & Noble (NYSE:BKS) posted its quarterly earnings data on Thursday. Earnings, with 3 analysts believing the company would generate an Average Estimate of $-0.26. Of those insider trades, 140,840 shares of Barnes & Noble, Inc. were purchased and 0 shares were sold. The business had revenue of $791.12 million during the quarter, compared to analyst estimates of $812.20 million. The firm's quarterly revenue was down 7.9% compared to the same quarter past year.

Barnes & Noble, Inc. has a consensus hold rating from 3 Wall Street analysts, and the number of shares now sold short amount to at least 10.33% of shares outstanding.

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