Alliancebernstein L.P. raised its stake in shares of Barnes & Noble, Inc. (NYSE:BKS) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,810 shares of the specialty retailer’s stock after purchasing an additional 7,700 shares during the quarter. Alliancebernstein L.P. owned about 0.09% of Barnes & Noble worth $523,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Barnes & Noble in the second quarter worth $101,000. KBC Group NV increased its stake in shares of Barnes & Noble by 57.9% in the second quarter. KBC Group NV now owns 25,008 shares of the specialty retailer’s stock worth $190,000 after acquiring an additional 9,168 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Barnes & Noble by 33.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,902 shares of the specialty retailer’s stock worth $212,000 after acquiring an additional 6,947 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Barnes & Noble in the first quarter worth $215,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Barnes & Noble by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 23,581 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 3,191 shares during the period. Institutional investors and hedge funds own 71.62% of the company’s stock.
Shares of Barnes & Noble, Inc. (NYSE BKS) opened at $7.00 on Friday. The firm has a market cap of $508.40, a price-to-earnings ratio of 21.21, a PEG ratio of 1.37 and a beta of 2.60. Barnes & Noble, Inc. has a 52 week low of $6.25 and a 52 week high of $13.20. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Thursday, September 7th. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The business had revenue of $853.00 million during the quarter, compared to analyst estimates of $871.75 million. Barnes & Noble had a return on equity of 4.48% and a net margin of 0.67%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. research analysts forecast that Barnes & Noble, Inc. will post 0.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 6th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 8.57%. Barnes & Noble’s dividend payout ratio is presently 181.82%.
A number of analysts have recently weighed in on BKS shares. Zacks Investment Research lowered shares of Barnes & Noble from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. BidaskClub lowered shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
Barnes & Noble 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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