Russell Investments Group Ltd. acquired a new position in Barnes & Noble, Inc. (NYSE:BKS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 33,971 shares of the specialty retailer’s stock, valued at approximately $258,000.

Other hedge funds have also recently modified their holdings of the company. Mason Street Advisors LLC grew its position in Barnes & Noble by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 12,917 shares of the specialty retailer’s stock worth $119,000 after purchasing an additional 846 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Barnes & Noble by 3.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,955 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 655 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Barnes & Noble by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 300 shares in the last quarter. Karp Capital Management Corp bought a new stake in Barnes & Noble in the 1st quarter worth about $215,000. Finally, JPMorgan Chase & Co. grew its position in Barnes & Noble by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 23,581 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 3,191 shares in the last quarter. 71.60% of the stock is owned by institutional investors and hedge funds.

Shares of Barnes & Noble, Inc. (BKS) traded up 5.862% during midday trading on Monday, reaching $7.675. 716,060 shares of the company’s stock were exchanged. The stock has a market capitalization of $556.84 million, a P/E ratio of 21.866 and a beta of 2.38. Barnes & Noble, Inc. has a 12-month low of $6.25 and a 12-month high of $13.20. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $7.84.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a $0.15 dividend. 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 8.28%. Barnes & Noble’s dividend payout ratio is presently 181.82%.

A number of equities research analysts have issued reports on BKS shares. ValuEngine downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, July 4th. Finally, BidaskClub downgraded shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

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Barnes & Noble 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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