Arizona State Retirement System Continues to Hold Stake in Barnes & Noble Education, Inc (BNED)

Arizona State Retirement System maintained its position in Barnes & Noble Education, Inc (NYSE:BNED) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,125 shares of the specialty retailer’s stock at the close of the 2nd quarter. Arizona State Retirement System’s holdings in Barnes & Noble Education were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BNED. Karp Capital Management Corp purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Barnes & Noble Education by 316.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 9,000 shares during the period. Lucus Advisors LLC purchased a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $116,000. Russell Investments Group Ltd. boosted its stake in shares of Barnes & Noble Education by 21.3% during the second 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. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Barnes & Noble Education by 38.5% during the first 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. 68.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Barnes & Noble Education, Inc (NYSE BNED) opened at 5.83 on Wednesday. The stock has a market cap of $271.19 million, a price-to-earnings ratio of 53.00 and a beta of 1.00. Barnes & Noble Education, Inc has a 52 week low of $5.48 and a 52 week high of $13.15. The company has a 50-day moving average price of $5.50 and a 200-day moving average price of $9.18.

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

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A number of analysts have recently weighed in on BNED shares. TheStreet lowered Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Craig Hallum reissued a “buy” rating and set a $10.00 price objective (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. BWS Financial reissued a “buy” rating and set a $14.00 price objective on shares of Barnes & Noble Education in a research note on Friday, September 1st. BidaskClub lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Barnes & Noble Education presently has an average rating of “Hold” and a consensus price target of $10.92.

About Barnes & Noble Education

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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