State of Tennessee Treasury Department continued to hold its stake in Barnes & Noble, Inc. (NYSE:BKS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,385 shares of the specialty retailer’s stock at the end of the second quarter. State of Tennessee Treasury Department owned about 0.07% of Barnes & Noble worth $398,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BKS. Pinnacle Associates Ltd. raised its holdings in Barnes & Noble by 62.2% during the second quarter. Pinnacle Associates Ltd. now owns 62,050 shares of the specialty retailer’s stock worth $472,000 after purchasing an additional 23,800 shares in the last quarter. Micawber Capital LLC lifted its position in Barnes & Noble by 9.3% in the second quarter. Micawber Capital LLC now owns 96,346 shares of the specialty retailer’s stock valued at $732,000 after purchasing an additional 8,205 shares during the period. Royce & Associates LP lifted its position in Barnes & Noble by 34.4% in the second quarter. Royce & Associates LP now owns 900,624 shares of the specialty retailer’s stock valued at $6,845,000 after purchasing an additional 230,300 shares during the period. American Century Companies Inc. acquired a new stake in Barnes & Noble in the second quarter valued at about $540,000. Finally, Marshall Wace North America L.P. acquired a new stake in Barnes & Noble in the second quarter valued at about $1,000,000. Institutional investors and hedge funds own 71.60% of the company’s stock.

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A number of equities research analysts have weighed in on BKS shares. Zacks Investment Research lowered Barnes & Noble from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut Barnes & Noble from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

Barnes & Noble, Inc. (NYSE:BKS) opened at 7.75 on Tuesday. The company’s 50-day moving average price is $7.40 and its 200-day moving average price is $7.76. Barnes & Noble, Inc. has a one year low of $6.25 and a one year high of $13.20. The firm has a market cap of $562.28 million, a price-to-earnings ratio of 22.08 and a beta of 2.37.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Thursday, October 5th. Barnes & Noble’s payout ratio is 181.82%.

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.

Institutional Ownership by Quarter for Barnes & Noble (NYSE:BKS)

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