Teacher Retirement System of Texas bought a new position in shares of Barnes & Noble, Inc. (NYSE:BKS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 22,129 shares of the specialty retailer’s stock, valued at approximately $148,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Royce & Associates LP increased its position in Barnes & Noble by 6.0% during the 3rd quarter. Royce & Associates LP now owns 954,503 shares of the specialty retailer’s stock worth $7,254,000 after purchasing an additional 53,879 shares during the period. Schwab Charles Investment Management Inc. increased its position in Barnes & Noble by 16.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 929,114 shares of the specialty retailer’s stock worth $6,226,000 after purchasing an additional 134,349 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in Barnes & Noble by 1,639.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 436,600 shares of the specialty retailer’s stock worth $3,317,000 after purchasing an additional 411,500 shares during the period. Principal Financial Group Inc. increased its position in Barnes & Noble by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 427,535 shares of the specialty retailer’s stock worth $3,249,000 after purchasing an additional 7,385 shares during the period. Finally, California Public Employees Retirement System increased its position in Barnes & Noble by 21.3% during the 3rd quarter. California Public Employees Retirement System now owns 343,925 shares of the specialty retailer’s stock worth $2,614,000 after purchasing an additional 60,425 shares during the period. Institutional investors own 67.54% of the company’s stock.
BKS has been the topic of several recent analyst reports. TheStreet cut Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. Craig Hallum cut Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.50.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.26. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Barnes & Noble had a positive return on equity of 6.72% and a negative net margin of 3.19%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 12.12%. The ex-dividend date is Thursday, April 5th. Barnes & Noble’s dividend payout ratio (DPR) is 139.53%.
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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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