Teachers Advisors LLC Acquires 12,558 Shares of Barnes & Noble, Inc. (BKS)

Teachers Advisors LLC lifted its holdings in Barnes & Noble, Inc. (NYSE:BKS) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,809 shares of the specialty retailer’s stock after buying an additional 12,558 shares during the quarter. Teachers Advisors LLC’s holdings in Barnes & Noble were worth $747,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its position in Barnes & Noble by 2.1% during the 2nd quarter. Northern Trust Corp now owns 711,697 shares of the specialty retailer’s stock valued at $4,520,000 after purchasing an additional 14,860 shares during the last quarter. United Services Automobile Association purchased a new stake in Barnes & Noble during the 3rd quarter valued at about $117,000. Levin Capital Strategies L.P. purchased a new stake in Barnes & Noble during the 3rd quarter valued at about $145,000. Engineers Gate Manager LP grew its position in Barnes & Noble by 36.7% during the 3rd quarter. Engineers Gate Manager LP now owns 96,074 shares of the specialty retailer’s stock valued at $557,000 after purchasing an additional 25,779 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Barnes & Noble by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,811,706 shares of the specialty retailer’s stock valued at $11,504,000 after purchasing an additional 29,087 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of BKS stock opened at $6.33 on Friday. Barnes & Noble, Inc. has a one year low of $4.10 and a one year high of $7.81. The stock has a market cap of $463.17 million, a P/E ratio of 13.91 and a beta of 0.89. The company has a current ratio of 1.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.67.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Tuesday, November 20th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.03. The business had revenue of $771.20 million for the quarter, compared to analysts’ expectations of $772.03 million. Barnes & Noble had a negative net margin of 3.60% and a positive return on equity of 7.32%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.41) EPS.

The business also recently announced a quarterly dividend, which was paid on Saturday, January 26th. Shareholders of record on Friday, January 4th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 9.48%. The ex-dividend date was Thursday, January 3rd.

Several analysts recently commented on BKS shares. Craig Hallum raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.00 to $10.00 in a research report on Monday, December 17th. TheStreet raised shares of Barnes & Noble from a “d+” rating to a “c-” rating in a research report on Tuesday, January 8th.

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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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