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.
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