Barnes & Noble, Inc. (NYSE:BKS) Shares Sold by KBC Group NV

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KBC Group NV decreased its stake in shares of Barnes & Noble, Inc. (NYSE:BKS) by 52.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,724 shares of the specialty retailer’s stock after selling 73,038 shares during the period. KBC Group NV owned about 0.09% of Barnes & Noble worth $330,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of Barnes & Noble during the fourth quarter valued at approximately $109,000. Teacher Retirement System of Texas purchased a new position in shares of Barnes & Noble during the fourth quarter valued at approximately $148,000. J. Goldman & Co LP purchased a new position in shares of Barnes & Noble during the fourth quarter valued at approximately $201,000. SG Americas Securities LLC purchased a new position in shares of Barnes & Noble during the first quarter valued at approximately $229,000. Finally, Aperio Group LLC boosted its position in shares of Barnes & Noble by 41.8% during the first quarter. Aperio Group LLC now owns 48,690 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 14,359 shares during the last quarter. 58.04% of the stock is currently owned by institutional investors.

Shares of Barnes & Noble opened at $6.45 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.14 and a current ratio of 1.05. Barnes & Noble, Inc. has a 12-month low of $4.10 and a 12-month high of $8.41. The company has a market cap of $451.32 million, a P/E ratio of 11.32 and a beta of 2.06.

Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Thursday, June 21st. The specialty retailer reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.09). Barnes & Noble had a positive return on equity of 7.29% and a negative net margin of 3.43%. The business had revenue of $786.08 million during the quarter, compared to analysts’ expectations of $774.71 million. During the same period in the prior year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $0.60 annualized dividend and a yield of 9.30%. Barnes & Noble’s dividend payout ratio is currently 105.26%.

Several research analysts recently issued reports on the company. ValuEngine raised Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet cut Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Barnes & Noble presently has an average rating of “Hold” and an average target price of $8.50.

Barnes & Noble Profile

Barnes & Noble, Inc operates as a content and commerce company in the United States. Barnes & Noble, Inc operates as a retailer of books, content, digital media, and educational products. 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.

Institutional Ownership by Quarter for Barnes & Noble (NYSE:BKS)

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