To save itself, Barnes & Noble is pivoting to books


The specialty retailer reported ($0.41) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.26) by ($0.15), reports.

Barnes & Noble (BKS) traded up $0.25 during trading on Thursday, hitting $7.80. Almost 1.63 million shares were traded by the close, higher than its average daily volume of 1.03 million shares. In the second quarter past year, Barnes & Noble lost 29 cents per share. Teachers Advisors LLC raised its position in shares of Barnes & Noble by 9.2% during the 1st quarter. 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. The stock's 52-week range is $6.25 to $13.20, and its 3-month range is $6.55 to $7.95.

Total sales for the second quarter ended 28 October were $79.1m (£59m), down 7.9 per cent on the year before. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Prudential Financial Inc. increased its stake in Barnes & Noble by 1.3% in the first quarter. Perhaps, that suggests something about why 77.86% of the outstanding share supply is held by institutional investors. NY now owns 45,618 shares of the specialty retailer's stock valued at $422,000 after acquiring an additional 1,787 shares during the period.

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. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.17.

Barnes & Noble did post a full year profit in its most recent fiscal year thanks to strong profits for the holiday shopping period. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this news story can be viewed at

He also said a "big takeaway" from "customer research" was that people liked interacting with Barnes & Noble's human booksellers. 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.