Crossmark Global Holdings Inc. bought a new stake in shares of Barnes & Noble, Inc. (NYSE:BKS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,853 shares of the specialty retailer’s stock, valued at approximately $189,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Barnes & Noble by 6.9% during the first quarter. Vanguard Group Inc. now owns 6,348,364 shares of the specialty retailer’s stock valued at $58,723,000 after acquiring an additional 407,488 shares during the last quarter. State Street Corp raised its holdings in shares of Barnes & Noble by 9.1% during the second quarter. State Street Corp now owns 2,110,832 shares of the specialty retailer’s stock valued at $16,042,000 after acquiring an additional 176,561 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Barnes & Noble by 34.4% during the second quarter. Royce & Associates LP now owns 900,624 shares of the specialty retailer’s stock valued at $6,845,000 after acquiring an additional 230,300 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Barnes & Noble by 23.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 652,728 shares of the specialty retailer’s stock valued at $4,961,000 after acquiring an additional 123,299 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Barnes & Noble by 46.3% during the second quarter. TIAA CREF Investment Management LLC now owns 458,867 shares of the specialty retailer’s stock valued at $3,487,000 after acquiring an additional 145,204 shares during the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.

In other news, VP Frederic Argir sold 21,148 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $6.90, for a total transaction of $145,921.20. Following the completion of the transaction, the vice president now directly owns 70,213 shares in the company, valued at $484,469.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Leonard Riggio purchased 1,000,000 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of $6.80 per share, with a total value of $6,800,000.00. Following the completion of the transaction, the chairman now owns 8,594,491 shares of the company’s stock, valued at $58,442,538.80. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.

Several equities research analysts recently commented on BKS shares. Zacks Investment Research cut Barnes & Noble from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Craig Hallum cut Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday.

Shares of Barnes & Noble, Inc. (NYSE BKS) opened at $6.60 on Tuesday. Barnes & Noble, Inc. has a fifty-two week low of $6.25 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.11 and a quick ratio of 0.18. The company has a market capitalization of $487.67, a P/E ratio of 31.91, a P/E/G ratio of 1.31 and a beta of 2.56.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.15). The business had revenue of $791.12 million during the quarter, compared to analysts’ expectations of $812.20 million. Barnes & Noble had a return on equity of 2.86% and a net margin of 0.42%. The company’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) earnings per share. research analysts forecast that Barnes & Noble, Inc. will post 0.51 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://theolympiareport.com/2017/12/05/crossmark-global-holdings-inc-buys-shares-of-24853-barnes-noble-inc-bks.html.

About Barnes & Noble

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.

Want to see what other hedge funds are holding BKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble, Inc. (NYSE:BKS).

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

Receive News & Ratings for Barnes & Noble Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.