New York State Teachers Retirement System held its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,848 shares of the specialty retailer’s stock at the end of the first quarter. New York State Teachers Retirement System owned 0.15% of Barnes & Noble Education worth $679,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Barnes & Noble Education by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 473,824 shares of the specialty retailer’s stock valued at $4,543,000 after buying an additional 7,649 shares in the last quarter. Boston Partners increased its stake in shares of Barnes & Noble Education by 2.2% in the first quarter. Boston Partners now owns 320,817 shares of the specialty retailer’s stock valued at $3,077,000 after buying an additional 6,775 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Barnes & Noble Education by 48.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,978 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 9,437 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Barnes & Noble Education by 0.5% in the first quarter. Wells Fargo & Company MN now owns 36,915 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 190 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $371,000. Hedge funds and other institutional investors own 68.95% of the company’s stock.

Shares of Barnes & Noble Education, Inc (NYSE BNED) traded up 1.91% during mid-day trading on Friday, hitting $6.92. The stock had a trading volume of 246,733 shares. The firm has a market capitalization of $321.89 million, a price-to-earnings ratio of 62.91 and a beta of 0.88. The stock’s 50-day moving average is $7.93 and its 200 day moving average is $9.42. Barnes & Noble Education, Inc has a 1-year low of $6.46 and a 1-year high of $13.15.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share (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 analysts’ expectations of $310.58 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Barnes & Noble Education’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts predict that Barnes & Noble Education, Inc will post $0.30 EPS for the current fiscal year.

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Several analysts have recently commented on the company. Zacks Investment Research upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note 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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