North Star Investment Management Corp. increased its stake in Barnes & Noble, Inc. (NYSE:BKS) by 30.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,325 shares of the specialty retailer’s stock after buying an additional 25,000 shares during the period. North Star Investment Management Corp. owned approximately 0.15% of Barnes & Noble worth $808,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of BKS. Norges Bank bought a new position in shares of Barnes & Noble during the fourth quarter valued at $10,521,000. Vanguard Group Inc. raised its stake in Barnes & Noble by 6.9% in the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock valued at $58,723,000 after buying an additional 407,488 shares in the last quarter. Royce & Associates LP raised its stake in Barnes & Noble by 126.5% in the first quarter. Royce & Associates LP now owns 670,324 shares of the specialty retailer’s stock valued at $6,200,000 after buying an additional 374,400 shares in the last quarter. State Street Corp raised its stake in Barnes & Noble by 22.6% in the first quarter. State Street Corp now owns 1,934,271 shares of the specialty retailer’s stock valued at $17,896,000 after buying an additional 357,060 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Barnes & Noble by 130.4% in the first quarter. Renaissance Technologies LLC now owns 301,103 shares of the specialty retailer’s stock valued at $2,785,000 after buying an additional 170,437 shares in the last quarter. Institutional investors own 75.87% of the company’s stock.
Shares of Barnes & Noble, Inc. (BKS) opened at 7.35 on Tuesday. Barnes & Noble, Inc. has a 12 month low of $6.25 and a 12 month high of $13.52. The firm has a market cap of $532.40 million, a price-to-earnings ratio of 24.75 and a beta of 2.34. The company’s 50-day moving average is $7.54 and its 200-day moving average is $8.35.
Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, June 22nd. The specialty retailer reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.04. Barnes & Noble had a net margin of 0.57% and a return on equity of 5.45%. The business had revenue of $821 million during the quarter, compared to analysts’ expectations of $787.54 million. During the same period last year, the business earned ($0.42) earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that Barnes & Noble, Inc. will post $0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.60 annualized dividend and a dividend yield of 8.16%. Barnes & Noble’s dividend payout ratio is presently 214.29%.
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Several analysts have recently commented on BKS shares. Zacks Investment Research upgraded shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. ValuEngine upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Finally, BidaskClub lowered shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.75.
Barnes & Noble Company Profile
Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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