Wedge Capital Management L L P NC purchased a new stake in shares of Barnes & Noble, Inc. (NYSE:BKS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,279 shares of the specialty retailer’s stock, valued at approximately $299,000. Wedge Capital Management L L P NC owned approximately 0.05% of Barnes & Noble at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new stake in Barnes & Noble during the 3rd quarter valued at $189,000. Aperio Group LLC increased its holdings in Barnes & Noble by 120.8% during the 3rd quarter. Aperio Group LLC now owns 43,726 shares of the specialty retailer’s stock valued at $332,000 after purchasing an additional 23,920 shares in the last quarter. First Trust Advisors LP acquired a new stake in Barnes & Noble during the 3rd quarter valued at $340,000. Quantitative Systematic Strategies LLC acquired a new stake in Barnes & Noble during the 3rd quarter valued at $190,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Barnes & Noble during the 2nd quarter valued at $1,079,000. 71.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Barnes & Noble, Inc. (NYSE:BKS) opened at $7.10 on Friday. The company has a market capitalization of $515.67, a price-to-earnings ratio of 21.52, a PEG ratio of 1.39 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 debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.17.
Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.03). The firm had revenue of $853.00 million during the quarter, compared to analyst estimates of $871.75 million. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the business posted ($0.07) earnings per share. sell-side analysts predict that Barnes & Noble, Inc. will post 0.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 6th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 8.45%. Barnes & Noble’s dividend payout ratio (DPR) is currently 181.82%.
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A number of equities research analysts recently weighed in on BKS shares. BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.
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.
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