Morgan Stanley decreased its position in Barnes & Noble Education, Inc (NYSE:BNED) by 31.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,541 shares of the specialty retailer’s stock after selling 76,257 shares during the period. Morgan Stanley owned 0.36% of Barnes & Noble Education worth $1,616,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BNED. Wells Fargo & Company MN raised its position in 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 worth $354,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Barnes & Noble Education by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its position in shares of Barnes & Noble Education by 2.0% in the first quarter. Arizona State Retirement System now owns 20,125 shares of the specialty retailer’s stock valued at $193,000 after buying an additional 400 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Barnes & Noble Education by 3.6% in the first quarter. Thrivent Financial For Lutherans now owns 21,857 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 760 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Barnes & Noble Education by 2.3% in the first quarter. Prudential Financial Inc. now owns 64,963 shares of the specialty retailer’s stock valued at $623,000 after buying an additional 1,490 shares during the last quarter. Institutional investors own 69.10% of the company’s stock.

Shares of Barnes & Noble Education, Inc (NYSE BNED) traded up 6.37% during trading on Friday, hitting $5.51. The stock had a trading volume of 1,190,298 shares. Barnes & Noble Education, Inc has a 52-week low of $5.04 and a 52-week high of $13.15. The stock has a 50 day moving average of $7.03 and a 200 day moving average of $9.17. The firm has a market cap of $256.30 million, a PE ratio of 50.09 and a beta of 1.03.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by $0.06. Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. The company had revenue of $355.70 million during the quarter, compared to the consensus estimate of $406.22 million. During the same period last year, the firm posted ($0.60) EPS. The company’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post $0.43 EPS for the current year.

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BNED has been the topic of several recent research reports. Zacks Investment Research downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price (down from $16.00) on shares of Barnes & Noble Education in a report on Thursday. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a report 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, TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.92.

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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