Royce & Associates LP held its stake in Barnes & Noble Education, Inc (NYSE:BNED) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the specialty retailer’s stock at the end of the second quarter. Royce & Associates LP owned about 0.21% of Barnes & Noble Education worth $1,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BNED. Teachers Advisors LLC lifted its position in Barnes & Noble Education by 3.2% during the 4th quarter. Teachers Advisors LLC now owns 65,399 shares of the specialty retailer’s stock valued at $750,000 after acquiring an additional 1,999 shares during the period. Louisiana State Employees Retirement System raised its holdings in 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 worth $151,000 after buying an additional 300 shares during the last quarter. Strs Ohio purchased a new position in Barnes & Noble Education in the first quarter worth about $371,000. Wells Fargo & Company MN raised its holdings 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 last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in 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 worth $278,000 after buying an additional 9,437 shares during the last quarter. 68.99% of the stock is owned by institutional investors.

Several brokerages have issued reports on BNED. BWS Financial reaffirmed a “buy” rating and issued a $14.00 target price on shares of Barnes & Noble Education in a report on Friday, September 1st. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 target price (down from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub cut shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.92.

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Barnes & Noble Education, Inc (NYSE BNED) opened at 6.28 on Friday. The stock’s market capitalization is $292.13 million. The firm has a 50-day moving average of $5.88 and a 200 day moving average of $7.65. Barnes & Noble Education, Inc has a one year low of $5.48 and a one year high of $13.15.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The firm had revenue of $355.70 million during the quarter, compared to the consensus estimate of $406.22 million. During the same quarter in the prior year, the business posted ($0.60) earnings per share. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. On average, equities research analysts anticipate that Barnes & Noble Education, Inc will post $0.51 earnings per share for the current fiscal year.

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.

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

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