Barnes & Noble (BKS) Shares Sold by Deutsche Bank AG

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.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.26. Barnes & Noble had a positive return on equity of 6.72% and a negative net margin of 3.19%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year.

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.

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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.

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

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