California State Teachers Retirement System increased its stake in shares of Barnes & Noble, Inc. (NYSE:BKS) by 210.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 293,790 shares of the specialty retailer’s stock after acquiring an additional 199,278 shares during the period. California State Teachers Retirement System’s holdings in Barnes & Noble were worth $1,968,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Barnes & Noble during the 4th quarter valued at about $148,000. Cubist Systematic Strategies LLC acquired a new stake in Barnes & Noble in the 3rd quarter valued at approximately $171,000. Creative Planning acquired a new stake in Barnes & Noble in the 4th quarter valued at approximately $173,000. BNP Paribas Arbitrage SA grew its holdings in Barnes & Noble by 48.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,380 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 13,478 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Barnes & Noble by 20.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 44,440 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 7,680 shares during the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet lowered Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Barnes & Noble presently has an average rating of “Hold” and a consensus price target of $8.50.
BKS opened at $5.25 on Friday. The company has a market capitalization of $385.81, a price-to-earnings ratio of 12.21 and a beta of 2.15. The company has a current ratio of 0.99, a quick ratio of 0.14 and a debt-to-equity ratio of 0.13. Barnes & Noble, Inc. has a 12-month low of $4.10 and a 12-month high of $9.45.
Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.26. The firm 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 revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date of this dividend is Thursday, April 5th. Barnes & Noble’s dividend payout ratio (DPR) is currently 139.53%.
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Barnes & Noble Company 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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