Prudential Financial Inc. Has $7,536,000 Position in Barnes & Noble Inc. (BKS)
Prudential Financial Inc. increased its position in shares of Barnes & Noble Inc. (NYSE:BKS) by 307.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 663,974 shares of the company’s stock after buying an additional 501,180 shares during the period. Prudential Financial Inc. owned approximately 0.90% of Barnes & Noble worth $7,536,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake in shares of Barnes & Noble by 50.5% in the first quarter. Loomis Sayles & Co. L P now owns 722,692 shares of the company’s stock worth $8,932,000 after buying an additional 242,481 shares during the period. HBK Investments L P boosted its stake in shares of Barnes & Noble by 108.0% in the first quarter. HBK Investments L P now owns 175,000 shares of the company’s stock valued at $2,163,000 after buying an additional 90,875 shares during the last quarter. SECOR Capital Advisors LP boosted its stake in shares of Barnes & Noble by 278.1% in the second quarter. SECOR Capital Advisors LP now owns 87,461 shares of the company’s stock valued at $993,000 after buying an additional 64,330 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Barnes & Noble during the first quarter valued at approximately $639,000. Finally, GSA Capital Partners LLP boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Barnes & Noble Inc. (NYSE:BKS) opened at 10.84 on Friday. The firm’s market cap is $792.98 million. The stock’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.82. Barnes & Noble Inc. has a 52 week low of $7.25 and a 52 week high of $13.89.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business earned $913.90 million during the quarter, compared to analysts’ expectations of $959.65 million. Barnes & Noble had a positive return on equity of 6.07% and a negative net margin of 0.10%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.68) EPS. On average, equities research analysts predict that Barnes & Noble Inc. will post $0.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.60 annualized dividend and a yield of 5.54%. Barnes & Noble’s payout ratio is currently -599.94%.
BKS has been the topic of several research analyst reports. Zacks Investment Research cut Barnes & Noble from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. 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 set a “neutral” rating and a $13.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$17.10.
In other Barnes & Noble news, insider Frederic Argir sold 17,377 shares of Barnes & Noble stock in a transaction on Friday, September 9th. The stock was sold at an average price of C$11.59, for a total value of C$201,399.43. Following the completion of the transaction, the insider now directly owns 73,154 shares of the company’s stock, valued at approximately C$847,854.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.00% of the company’s stock.
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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