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Barnes & Noles saw its second quarter revenue drop by 7.9% to US$791.1mln while same-store sales declined by 6.3

Barnes & Noles saw its second quarter revenue drop by 7.9% to US$791.1mln while same-store sales declined by 6.3

The firm's revenue for the quarter was down 7.9% compared to the same quarter previous year. Analysts' estimates typically exclude special items. But, to be able to properly assess the value of a high-growth stock such as Barnes & Noble, we must incorporate its earnings growth in our valuation. It was also a far cry from Wall Street's losses per share estimate of 26 cents for the quarter.

For the fiscal 2018 year, Barnes & Noble expects comparable sales to decline in the low single digits and full year consolidated earnings before interest, tax, depreciation and amortisation to be approximately $180m. The target implies a 3.14% spike from where the shares are now trading. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Barnes & Noble by 0.5% during the second quarter. Teachers Advisors LLC now owns 264,808 shares of the specialty retailer's stock valued at $2,449,000 after acquiring an additional 22,239 shares during the last 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. We should also note their 52-Week High and Low: the shares now trade -48.11% away from their high and 9.60% from the low. Institutional investors own 66.23% of the company's stock.

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Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $10.67 on the stock, this valuation is based on 3 number of opinions. Prudential Financial Inc. increased its stake in Barnes & Noble by 1.3% in the first quarter.

Barnes & Noble (NYSE:BKS) posts another loss in Q3 on sales of $791M. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.17. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of worldwide copyright & trademark laws. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/30/barnes-noble-bks-stock-price-down-11-5-on-disappointing-earnings.html.

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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. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK.

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