Target and Barnes & Noble Education team up against Amazon on campus

Marco Green
August 21, 2017

A number of other large investors have also recently modified their holdings of BKS. Norges Bank acquired a new position in shares of Barnes & Noble during the fourth quarter valued at $10,521,000. Manufacturers Life Insurance Company, The now owns 2,820 shares with a value of $30,000. Karp Capital Management Corp purchased a new position in shares of Barnes & Noble Education during the first quarter valued at approximately $114,000. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 15,311 shares trimming its holdings by 0.4%. Louisiana State Employees Retirement System increased its stake in Barnes & Noble by 1.4% 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 during the period. Barnes & Noble's dividend payout ratio is now 214.29%. Investors of this company earned a return of 1.00% on the assets it owns in past twelve month. (NYSE BKS) traded down 2.00% during mid-day trading on Friday, reaching $7.35. On a daily basis over the past month, the average true range of the stock, as expressed in percentage terms, is 2.2%. The company rocked its 52-Week High of $13.2 and touched its 52-Week Low of $6.25. The corporation has a market cap of US$552.38 Million. The stock has a 50 day moving average of $7.55 and a 200-day moving average of $8.40. (NYSE:BKS) earned "Buy" rating by Craig Hallum on Monday, July 27. As of the last earnings report the EPS was $0.11 and is estimated to be $0.30 for the current year with 46,516,000 shares outstanding. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The company had revenue of $821 million for the quarter, compared to analyst estimates of $787.54 million. Next quarter's EPS is forecasted to be $0.80 with next year's EPS anticipated to be $0.46. About shares traded. Barnes & Noble Education Inc (NYSE:BNED) has risen 5.18% since August 17, 2016 and is uptrending. ValuEngine cut Barnes & Noble from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. If you are accessing this story on another website, it was stolen and reposted in violation of United States & global copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/08/20/barnes-noble-education-inc-bned-stake-held-by-louisiana-state-employees-retirement-system.html. Recently, analysts have updated the overall rating to 2.8. Zacks Investment Research raised Barnes & Noble from a "sell" rating to a "hold" rating in a research note on Wednesday, May 3rd. The Dow Chemical Company had 45 analyst reports since August 20, 2015 according to SRatingsIntel. BWS Financial has "Strong Buy" rating and $14 target.

Barnes & Noble Education, Inc.is a contract operator of bookstores on college and university campuses across the United States and a well-known provider of digital education services. The Firm offers a support system, and a retail and digital learning experience for students. "T$3 hose campuses that aren't lucky enough to have one of the use small format stores with pondering with Barnes & Noble College, which operates almost 800 college schools around the country to offer the Target assortment [to] more than 5 million students", he said, according to the transcript.

Other hedge funds have also added to or reduced their stakes in the company.

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