Northern Trust Corp cut its stake in Barnes & Noble Education, Inc (NYSE:BNED) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 471,081 shares of the specialty retailer’s stock after selling 1,986 shares during the period. Northern Trust Corp owned approximately 1.01% of Barnes & Noble Education worth $5,007,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in Barnes & Noble Education by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 1,980 shares during the period. Aperio Group LLC boosted its holdings in Barnes & Noble Education by 1.3% in the 2nd quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 154 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Barnes & Noble Education by 57.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 4,443 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Barnes & Noble Education by 38.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 3,675 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in Barnes & Noble Education in the 2nd quarter valued at $146,000. 68.06% of the stock is owned by hedge funds and other institutional investors.

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Barnes & Noble Education, Inc (NYSE BNED) opened at $5.52 on Friday. Barnes & Noble Education, Inc has a 1-year low of $4.99 and a 1-year high of $13.15. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.06). The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $406.22 million. Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. Barnes & Noble Education’s revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) earnings per share. equities research analysts expect that Barnes & Noble Education, Inc will post 0.5 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. TheStreet downgraded shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. ValuEngine raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective (down from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.92.

Barnes & Noble Education 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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