Barnes & Noble, Inc. (BKS) Stake Held by Arizona State Retirement System

Arizona State Retirement System continued to hold its position in Barnes & Noble, Inc. (NYSE:BKS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,817 shares of the specialty retailer’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in Barnes & Noble were worth $219,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in Barnes & Noble in the second quarter valued at about $101,000. Mason Street Advisors LLC boosted its position in Barnes & Noble by 7.0% in the first quarter. Mason Street Advisors LLC now owns 12,917 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 846 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Barnes & Noble by 3.2% in the first quarter. BNP Paribas Arbitrage SA now owns 20,955 shares of the specialty retailer’s stock valued at $194,000 after buying an additional 655 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Barnes & Noble by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 300 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Barnes & Noble in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 71.61% of the company’s stock.

A number of equities analysts have commented on BKS shares. ValuEngine upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Tuesday, July 4th. Finally, BidaskClub lowered shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

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Barnes & Noble, Inc. (BKS) opened at 7.05 on Wednesday. The firm has a market capitalization of $510.67 million, a price-to-earnings ratio of 23.74 and a beta of 2.38. The firm has a 50-day moving average of $7.57 and a 200-day moving average of $7.95. Barnes & Noble, Inc. has a 52-week low of $6.25 and a 52-week high of $13.20.

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 firm had revenue of $853.00 million during the quarter, compared to the consensus estimate of $871.75 million. During the same period in the prior year, the business earned ($0.07) earnings per share. Barnes & Noble’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Barnes & Noble, Inc. will post $0.50 EPS for the current fiscal year.

Barnes & Noble Company Profile

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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