Swiss National Bank held its position in Barnes & Noble Inc. (NYSE:BKS) during the second quarter, Holdings Channel reports. The fund owned 95,200 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.13% of Barnes & Noble worth $1,081,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of BKS. Suntrust Banks Inc. purchased a new position in shares of Barnes & Noble during the second quarter worth approximately $116,000. Quantitative Investment Management LLC purchased a new position in shares of Barnes & Noble during the second quarter worth approximately $194,000. Aperio Group LLC purchased a new position in shares of Barnes & Noble during the first quarter worth approximately $252,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Barnes & Noble during the first quarter worth approximately $269,000. Finally, Credit Agricole S A purchased a new position in shares of Barnes & Noble during the first quarter worth approximately $293,000. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Barnes & Noble Inc. (NYSE:BKS) traded down 2.04% during midday trading on Monday, hitting $11.07. 444,383 shares of the stock were exchanged. The firm has a 50 day moving average of $11.53 and a 200-day moving average of $11.86. Barnes & Noble Inc. has a 12-month low of $7.25 and a 12-month high of $13.89. The stock’s market cap is $809.80 million.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. The business earned $913.90 million during the quarter, compared to the consensus estimate of $959.65 million. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.68) EPS. On average, equities analysts expect that Barnes & Noble Inc. will post $0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. Barnes & Noble’s payout ratio is -599.94%.
A number of equities analysts have commented on the stock. Gabelli downgraded shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, July 19th. Finally, Sidoti assumed coverage on shares of Barnes & Noble in a research note on Thursday, August 18th. They set a “neutral” rating and a $13.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$17.10.
In related news, insider Frederic Argir sold 17,377 shares of the 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 directly owns 73,154 shares of the company’s stock, valued at approximately C$847,854.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 19.00% of the stock is currently owned by corporate insiders.
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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