Parametric Portfolio Associates LLC Has $2.25 Million Stake in Barnes & Noble, Inc. (BKS)
Parametric Portfolio Associates LLC lowered its position in shares of Barnes & Noble, Inc. (NYSE:BKS) by 30.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,558 shares of the specialty retailer’s stock after selling 107,096 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.34% of Barnes & Noble worth $2,253,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in Barnes & Noble by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 79,976 shares of the specialty retailer’s stock worth $731,000 after buying an additional 3,493 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in Barnes & Noble during the first quarter worth about $641,000. North Star Investment Management Corp. acquired a new position in Barnes & Noble during the first quarter worth about $752,000. Strs Ohio boosted its position in Barnes & Noble by 22.1% in the first quarter. Strs Ohio now owns 81,200 shares of the specialty retailer’s stock worth $751,000 after buying an additional 14,700 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Barnes & Noble by 4.5% in the first quarter. Nationwide Fund Advisors now owns 100,121 shares of the specialty retailer’s stock worth $926,000 after buying an additional 4,304 shares during the last quarter. 75.31% of the stock is owned by institutional investors and hedge funds.
Barnes & Noble, Inc. (NYSE BKS) traded down 0.63% during midday trading on Friday, reaching $7.85. The company had a trading volume of 802,175 shares. The stock has a market capitalization of $568.62 million, a PE ratio of 26.43 and a beta of 2.34. The company has a 50-day moving average of $7.38 and a 200-day moving average of $8.56. Barnes & Noble, Inc. has a 12-month low of $6.25 and a 12-month high of $13.63.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, June 22nd. The specialty retailer reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.04. Barnes & Noble had a return on equity of 5.45% and a net margin of 0.57%. The company had revenue of $821 million for the quarter, compared to analyst estimates of $787.54 million. During the same period in the previous year, the company posted ($0.42) earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that Barnes & Noble, Inc. will post $0.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend was Wednesday, July 5th. Barnes & Noble’s dividend payout ratio (DPR) is 214.29%.
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BKS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Barnes & Noble from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, July 4th. ValuEngine upgraded Barnes & Noble from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Finally, BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.75.
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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