Barnes & Noble, Inc. (BKS) Holdings Trimmed by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP cut its holdings in shares of Barnes & Noble, Inc. (NYSE:BKS) by 4.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,928,534 shares of the specialty retailer’s stock after selling 303,909 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Barnes & Noble worth $45,057,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of BKS. FNY Partners Fund LP bought a new position in Barnes & Noble during the third quarter worth about $102,000. Petrus Trust Company LTA lifted its holdings in Barnes & Noble by 70.0% during the second quarter. Petrus Trust Company LTA now owns 22,086 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 9,097 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in Barnes & Noble by 76.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 23,507 shares of the specialty retailer’s stock worth $179,000 after acquiring an additional 10,158 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Barnes & Noble during the third quarter worth about $189,000. Finally, KBC Group NV lifted its holdings in Barnes & Noble by 57.9% during the second quarter. KBC Group NV now owns 25,008 shares of the specialty retailer’s stock worth $190,000 after acquiring an additional 9,168 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Barnes & Noble from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Craig Hallum lowered Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other news, Chairman Leonard Riggio purchased 1,000,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of $6.80 per share, for a total transaction of $6,800,000.00. Following the completion of the acquisition, the chairman now directly owns 8,594,491 shares in the company, valued at approximately $58,442,538.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Frederic Argir sold 21,148 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $6.90, for a total value of $145,921.20. Following the completion of the sale, the vice president now owns 70,213 shares in the company, valued at $484,469.70. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.
Shares of Barnes & Noble, Inc. (NYSE:BKS) opened at $5.60 on Monday. The company has a market capitalization of $407.61, a PE ratio of 26.67, a PEG ratio of 1.10 and a beta of 2.66. Barnes & Noble, Inc. has a twelve month low of $5.40 and a twelve month high of $11.80. The company has a quick ratio of 0.18, a current ratio of 1.11 and a debt-to-equity ratio of 0.47.
Barnes & Noble (NYSE:BKS) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.15). The firm had revenue of $791.12 million during the quarter, compared to the consensus estimate of $812.20 million. Barnes & Noble had a net margin of 0.42% and a return on equity of 2.86%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.29) earnings per share. sell-side analysts anticipate that Barnes & Noble, Inc. will post 0.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.71%. Barnes & Noble’s dividend payout ratio (DPR) is 285.71%.
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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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