Barnes & Noble, Inc. (BKS) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Barnes & Noble, Inc. (NYSE:BKS) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,348,364 shares of the specialty retailer’s stock after buying an additional 407,488 shares during the period. Vanguard Group Inc. owned approximately 8.77% of Barnes & Noble worth $58,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Barnes & Noble during the fourth quarter worth about $10,521,000. Royce & Associates LP raised its position in shares of Barnes & Noble by 126.5% in the first quarter. Royce & Associates LP now owns 670,324 shares of the specialty retailer’s stock worth $6,200,000 after buying an additional 374,400 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Barnes & Noble by 85.0% in the fourth quarter. Teachers Advisors LLC now owns 242,569 shares of the specialty retailer’s stock worth $2,705,000 after buying an additional 111,427 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Barnes & Noble during the first quarter worth about $752,000. Finally, First Trust Advisors LP raised its position in shares of Barnes & Noble by 64.5% in the first quarter. First Trust Advisors LP now owns 184,564 shares of the specialty retailer’s stock worth $1,707,000 after buying an additional 72,367 shares during the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.

Shares of Barnes & Noble, Inc. (NYSE:BKS) opened at 7.35 on Friday. The firm has a market cap of $532.40 million, a price-to-earnings ratio of 24.75 and a beta of 2.34. Barnes & Noble, Inc. has a 52-week low of $6.25 and a 52-week high of $13.20. The company’s 50 day moving average is $7.53 and its 200 day moving average is $8.30.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, June 22nd. The specialty retailer reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. The company had revenue of $821 million during the quarter, compared to analysts’ expectations of $787.54 million. Barnes & Noble had a net margin of 0.57% and a return on equity of 5.45%. Barnes & Noble’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) earnings per share. Analysts anticipate that Barnes & Noble, Inc. will post $0.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.60 annualized dividend and a yield of 8.16%. Barnes & Noble’s dividend payout ratio is currently 214.29%.

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BKS has been the topic of a number of analyst reports. 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.

About Barnes & Noble

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.

Institutional Ownership by Quarter for Barnes & Noble (NYSE:BKS)

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