Nisa Investment Advisors LLC boosted its holdings in shares of Barnes & Noble, Inc. (NYSE:BKS) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,950 shares of the specialty retailer’s stock after acquiring an additional 19,550 shares during the period. Nisa Investment Advisors LLC’s holdings in Barnes & Noble were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of BKS. BlackRock Inc. lifted its holdings in shares of Barnes & Noble by 10.0% in the fourth quarter. BlackRock Inc. now owns 9,021,986 shares of the specialty retailer’s stock valued at $63,966,000 after purchasing an additional 818,327 shares in the last quarter. Norges Bank acquired a new stake in shares of Barnes & Noble in the fourth quarter valued at about $5,064,000. Millennium Management LLC acquired a new stake in shares of Barnes & Noble in the fourth quarter valued at about $3,595,000. Investec Asset Management LTD acquired a new stake in shares of Barnes & Noble in the fourth quarter valued at about $2,173,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Barnes & Noble in the fourth quarter valued at about $696,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.
BKS has been the topic of a number of recent research reports. Craig Hallum set a $7.00 target price on Barnes & Noble and gave the company a “buy” rating in a research report on Thursday, March 7th. TheStreet raised Barnes & Noble from a “d+” rating to a “c-” rating in a research report on Tuesday, January 8th.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, March 7th. The specialty retailer reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.14. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Barnes & Noble had a return on equity of 7.09% and a net margin of 0.04%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.87) earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date is Thursday, April 4th.
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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