CSat Investment Advisory L.P. lifted its stake in Barnes & Noble, Inc. (NYSE:BKS) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,043 shares of the specialty retailer’s stock after acquiring an additional 4,903 shares during the period. CSat Investment Advisory L.P. owned 0.09% of Barnes & Noble worth $353,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Barnes & Noble by 10.0% in the 4th quarter. BlackRock Inc. now owns 9,021,986 shares of the specialty retailer’s stock worth $63,966,000 after purchasing an additional 818,327 shares in the last quarter. Norges Bank bought a new stake in shares of Barnes & Noble in the 4th quarter worth approximately $5,064,000. Millennium Management LLC acquired a new stake in shares of Barnes & Noble during the fourth quarter valued at approximately $3,595,000. Investec Asset Management LTD acquired a new stake in shares of Barnes & Noble during the fourth quarter valued at approximately $2,173,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Barnes & Noble during the fourth quarter valued at approximately $696,000. 71.79% of the stock is owned by institutional investors.
BKS has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Friday, June 7th. Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating and boosted their price target for the company from $6.50 to $6.71 in a report on Thursday, June 20th.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings data on Wednesday, June 19th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.02). The firm had revenue of $755.40 million for the quarter, compared to the consensus estimate of $759.05 million. Barnes & Noble had a return on equity of 5.76% and a net margin of 0.11%. Barnes & Noble’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.29) earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.97%. The ex-dividend date is Wednesday, July 3rd.
About Barnes & Noble
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
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