QS Investors LLC trimmed its holdings in shares of Barnes & Noble, Inc. (NYSE:BKS) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 309,301 shares of the specialty retailer’s stock after selling 10,836 shares during the period. QS Investors LLC owned approximately 0.42% of Barnes & Noble worth $2,072,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. FNY Partners Fund LP acquired a new stake in shares of Barnes & Noble during the 3rd quarter worth about $102,000. Teacher Retirement System of Texas acquired a new stake in shares of Barnes & Noble during the 4th quarter worth about $148,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Barnes & Noble during the 3rd quarter worth about $171,000. Creative Planning acquired a new stake in shares of Barnes & Noble during the 4th quarter worth about $173,000. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Barnes & Noble by 76.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,507 shares of the specialty retailer’s stock worth $179,000 after purchasing an additional 10,158 shares in the last quarter. 67.54% of the stock is owned by institutional investors.
BKS remained flat at $$5.30 during midday trading on Thursday. 619,859 shares of the company’s stock traded hands, compared to its average volume of 1,313,244. The company has a quick ratio of 0.14, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market cap of $393.09, a PE ratio of 12.33 and a beta of 2.15. Barnes & Noble, Inc. has a 52-week low of $4.10 and a 52-week high of $9.45.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.26. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Barnes & Noble had a negative net margin of 3.19% and a positive return on equity of 6.72%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend is Thursday, April 5th. Barnes & Noble’s payout ratio is presently 139.53%.
Separately, TheStreet cut shares of Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.50.
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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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