Bank of New York Mellon Corp increased its position in Barnes & Noble Education, Inc (NYSE:BNED) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,824 shares of the specialty retailer’s stock after buying an additional 7,649 shares during the period. Bank of New York Mellon Corp owned 1.02% of Barnes & Noble Education worth $4,543,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BNED. Comerica Bank increased its stake in shares of Barnes & Noble Education by 5.9% in the fourth quarter. Comerica Bank now owns 40,885 shares of the specialty retailer’s stock worth $458,000 after buying an additional 2,278 shares during the period. State Street Corp increased its stake in shares of Barnes & Noble Education by 11.9% in the fourth quarter. State Street Corp now owns 906,656 shares of the specialty retailer’s stock worth $10,403,000 after buying an additional 96,430 shares during the period. FMR LLC increased its stake in shares of Barnes & Noble Education by 0.6% in the fourth quarter. FMR LLC now owns 492,549 shares of the specialty retailer’s stock worth $5,650,000 after buying an additional 2,900 shares during the period. Two Sigma Investments LP increased its stake in shares of Barnes & Noble Education by 519.2% in the fourth quarter. Two Sigma Investments LP now owns 159,115 shares of the specialty retailer’s stock worth $1,825,000 after buying an additional 133,420 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Barnes & Noble Education by 60.2% in the fourth quarter. Guggenheim Capital LLC now owns 384,438 shares of the specialty retailer’s stock worth $4,409,000 after buying an additional 144,528 shares during the period. 68.63% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education, Inc (NYSE:BNED) traded up 2.25% during midday trading on Friday, reaching $7.26. The company’s stock had a trading volume of 350,163 shares. The firm has a market cap of $337.71 million, a P/E ratio of 66.00 and a beta of 0.88. The firm has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.75. Barnes & Noble Education, Inc has a one year low of $7.08 and a one year high of $13.15.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Wednesday, July 12th. The specialty retailer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by $0.10. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The company had revenue of $342.80 million for the quarter, compared to the consensus estimate of $310.58 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts forecast that Barnes & Noble Education, Inc will post $0.31 EPS for the current fiscal year.

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A number of brokerages recently issued reports on BNED. Zacks Investment Research upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, July 18th. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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

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