Deutsche Bank AG reduced its position in Barnes & Noble (NYSE:BKS) by 17.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 366,515 shares of the specialty retailer’s stock after selling 78,137 shares during the period. Deutsche Bank AG’s holdings in Barnes & Noble were worth $2,454,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of BKS. Teacher Retirement System of Texas purchased a new stake in shares of Barnes & Noble in the fourth quarter worth about $148,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Barnes & Noble in the third quarter worth about $171,000. Creative Planning purchased a new stake in shares of Barnes & Noble in the fourth quarter worth about $173,000. Crossmark Global Holdings Inc. lifted its position in shares of Barnes & Noble by 155.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 63,586 shares of the specialty retailer’s stock worth $426,000 after buying an additional 38,733 shares in the last quarter. Finally, Symons Capital Management Inc. lifted its position in shares of Barnes & Noble by 55.6% in the fourth quarter. Symons Capital Management Inc. now owns 69,318 shares of the specialty retailer’s stock worth $464,000 after buying an additional 24,766 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.
Shares of BKS stock opened at $5.60 on Wednesday. Barnes & Noble has a 1 year low of $4.10 and a 1 year high of $9.05. The company has a current ratio of 0.99, a quick ratio of 0.14 and a debt-to-equity ratio of 0.13. The company has a market cap of $404.01, a price-to-earnings ratio of 13.02 and a beta of 2.14.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, April 5th. This represents a $0.60 dividend on an annualized basis and a yield of 10.71%. Barnes & Noble’s dividend payout ratio (DPR) is presently 139.53%.
A number of equities research analysts recently commented on the company. ValuEngine downgraded Barnes & Noble from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. TheStreet downgraded Barnes & Noble from a “c-” rating to a “d” rating in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.50.
About Barnes & Noble
Barnes & Noble, Inc operates as a content and commerce company in the United States. Barnes & Noble, Inc operates as a retailer of books, content, digital media, and educational products. 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.
Want to see what other hedge funds are holding BKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble (NYSE:BKS).
Receive News & Ratings for Barnes & Noble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble and related companies with MarketBeat.com's FREE daily email newsletter.