Principal Financial Group Inc. lowered its position in shares of Barnes & Noble, Inc. (NYSE:BKS) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,150 shares of the specialty retailer’s stock after selling 9,891 shares during the quarter. Principal Financial Group Inc. owned 0.58% of Barnes & Noble worth $3,193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Barnes & Noble by 6.9% during the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock valued at $58,723,000 after buying an additional 407,488 shares in the last quarter. State Street Corp boosted its stake in Barnes & Noble by 22.6% during the first quarter. State Street Corp now owns 1,934,271 shares of the specialty retailer’s stock valued at $17,896,000 after buying an additional 357,060 shares in the last quarter. Royce & Associates LP boosted its stake in Barnes & Noble by 34.4% during the second quarter. Royce & Associates LP now owns 900,624 shares of the specialty retailer’s stock valued at $6,845,000 after buying an additional 230,300 shares in the last quarter. Gendell Jeffrey L boosted its stake in Barnes & Noble by 23.8% during the first quarter. Gendell Jeffrey L now owns 768,641 shares of the specialty retailer’s stock valued at $7,110,000 after buying an additional 147,700 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Barnes & Noble by 23.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 652,728 shares of the specialty retailer’s stock valued at $4,961,000 after buying an additional 123,299 shares in the last quarter. 71.60% of the stock is owned by institutional investors and hedge funds.

Barnes & Noble, Inc. (NYSE BKS) opened at 7.85 on Friday. The company’s 50-day moving average price is $7.44 and its 200 day moving average price is $7.73. The company has a market cap of $569.53 million, a PE ratio of 22.36 and a beta of 2.37. Barnes & Noble, Inc. has a 52 week low of $6.25 and a 52 week high of $13.20.

Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The firm had revenue of $853.00 million for the quarter, compared to the consensus estimate of $871.75 million. Barnes & Noble had a return on equity of 4.48% and a net margin of 0.67%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, analysts anticipate that Barnes & Noble, Inc. will post $0.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.64%. Barnes & Noble’s payout ratio is currently 181.82%.

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Several brokerages recently weighed in on BKS. Zacks Investment Research cut Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

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

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