Stone Ridge Asset Management LLC Purchases Shares of 98,165 Barnes & Noble, Inc. (BKS)

Stone Ridge Asset Management LLC purchased a new stake in Barnes & Noble, Inc. (NYSE:BKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 98,165 shares of the specialty retailer’s stock, valued at approximately $696,000. Stone Ridge Asset Management LLC owned 0.13% of Barnes & Noble at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Barnes & Noble in the 4th quarter valued at approximately $41,000. Magnus Financial Group LLC purchased a new stake in shares of Barnes & Noble in the 4th quarter valued at approximately $81,000. Rafferty Asset Management LLC purchased a new stake in shares of Barnes & Noble in the 4th quarter valued at approximately $98,000. United Services Automobile Association purchased a new stake in shares of Barnes & Noble in the 3rd quarter valued at approximately $117,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Barnes & Noble in the 4th quarter valued at approximately $154,000. 71.64% of the stock is owned by institutional investors and hedge funds.

BKS has been the subject of several analyst reports. Craig Hallum set a $7.00 price target on shares of Barnes & Noble and gave the company a “buy” rating in a research note on Thursday, March 7th. TheStreet upgraded shares of Barnes & Noble from a “d+” rating to a “c-” rating in a report on Tuesday, January 8th.



Shares of BKS stock opened at $5.40 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. Barnes & Noble, Inc. has a one year low of $4.45 and a one year high of $7.81. The company has a market capitalization of $395.26 million, a PE ratio of 12.86 and a beta of 0.67.

Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, March 7th. The specialty retailer reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.14. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. Barnes & Noble had a net margin of 0.04% and a return on equity of 7.09%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.87) EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 11.11%.

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Barnes & Noble Company Profile

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.

Read More: Understanding each part of a balance sheet

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

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