Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of Barnes & Noble, Inc. (NYSE:BKS) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 90,362 shares of the specialty retailer’s stock after selling 35,505 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Barnes & Noble were worth $641,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Barnes & Noble by 10.0% during the 4th quarter. BlackRock Inc. now owns 9,021,986 shares of the specialty retailer’s stock valued at $63,966,000 after acquiring an additional 818,327 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Barnes & Noble by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,881,723 shares of the specialty retailer’s stock valued at $10,914,000 after acquiring an additional 70,017 shares in the last quarter. Northern Trust Corp boosted its position in Barnes & Noble by 2.1% during the 2nd quarter. Northern Trust Corp now owns 711,697 shares of the specialty retailer’s stock valued at $4,520,000 after acquiring an additional 14,860 shares in the last quarter. Investec Asset Management LTD bought a new stake in Barnes & Noble during the 4th quarter valued at approximately $2,173,000. Finally, Ibex Investors LLC bought a new stake in Barnes & Noble during the 3rd quarter valued at approximately $1,365,000. 70.69% of the stock is currently owned by institutional investors and hedge funds.
Barnes & Noble stock opened at $5.53 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The company has a market cap of $393.79 million, a price-to-earnings ratio of 12.81 and a beta of 0.67. Barnes & Noble, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $7.81.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Thursday, March 7th. The specialty retailer reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.14. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Barnes & Noble had a return on equity of 7.09% and a net margin of 0.04%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.87) EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.85%.
Several analysts have weighed in on the company. Craig Hallum set a $7.00 price objective on Barnes & Noble and gave the company a “buy” rating in a research report on Thursday, March 7th. TheStreet raised Barnes & Noble from a “d+” rating to a “c-” rating in a research report on Tuesday, January 8th.
Barnes & Noble Company Profile
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
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