First Trust Advisors LP Has $926,000 Stake in Barnes & Noble Inc. (BKS)
First Trust Advisors LP decreased its stake in Barnes & Noble Inc. (NYSE:BKS) by 41.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 81,598 shares of the company’s stock after selling 58,955 shares during the period. First Trust Advisors LP owned about 0.11% of Barnes & Noble worth $926,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP boosted its position in Barnes & Noble by 89.9% in the second quarter. GSA Capital Partners LLP now owns 107,785 shares of the company’s stock valued at $1,223,000 after buying an additional 51,031 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in Barnes & Noble by 5.0% in the second quarter. Commonwealth Equity Services Inc now owns 44,266 shares of the company’s stock valued at $502,000 after buying an additional 2,122 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Barnes & Noble by 86.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 68,839 shares of the company’s stock valued at $781,000 after buying an additional 31,948 shares during the period. California Public Employees Retirement System boosted its position in Barnes & Noble by 9.7% in the second quarter. California Public Employees Retirement System now owns 239,100 shares of the company’s stock valued at $2,714,000 after buying an additional 21,200 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in Barnes & Noble during the second quarter valued at approximately $117,000. 75.59% of the stock is owned by institutional investors and hedge funds.
Barnes & Noble Inc. (NYSE:BKS) traded up 0.81% during midday trading on Thursday, hitting $11.17. The stock had a trading volume of 194,539 shares. The company’s 50 day moving average is $11.33 and its 200 day moving average is $11.83. Barnes & Noble Inc. has a 1-year low of $7.25 and a 1-year high of $13.89. The company’s market cap is $817.12 million.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The firm had revenue of $913.90 million for the quarter, compared to analyst estimates of $959.65 million. During the same quarter in the prior year, the business earned ($0.68) earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Barnes & Noble Inc. will post $0.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.42%. Barnes & Noble’s dividend payout ratio is presently -599.94%.
BKS has been the subject of several recent research reports. Zacks Investment Research raised Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 19th. Gabelli cut Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Sidoti initiated coverage on Barnes & Noble in a report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price target for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$17.10.
In related news, insider Frederic Argir sold 17,377 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of C$11.59, for a total value of C$201,399.43. Following the sale, the insider now owns 73,154 shares in the company, valued at approximately C$847,854.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 19.00% of the stock is currently owned by corporate insiders.
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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