JPMorgan Chase & Co. Has $2.55 Million Position in Barnes & Noble Education, Inc (BNED)

JPMorgan Chase & Co. lowered its position in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,407 shares of the specialty retailer’s stock after selling 8,050 shares during the period. JPMorgan Chase & Co. owned approximately 0.51% of Barnes & Noble Education worth $2,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Barnes & Noble Education by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 3,220,504 shares of the specialty retailer’s stock worth $30,886,000 after purchasing an additional 223,257 shares during the period. Schwab Charles Investment Management Inc. grew its position in Barnes & Noble Education by 35.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 534,090 shares of the specialty retailer’s stock worth $5,678,000 after purchasing an additional 140,561 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Barnes & Noble Education by 895.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 87,009 shares of the specialty retailer’s stock worth $925,000 after purchasing an additional 78,270 shares during the period. Bank of Montreal Can grew its position in Barnes & Noble Education by 542.8% in the 2nd quarter. Bank of Montreal Can now owns 88,804 shares of the specialty retailer’s stock worth $944,000 after purchasing an additional 74,988 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in Barnes & Noble Education by 32.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 233,612 shares of the specialty retailer’s stock worth $2,240,000 after purchasing an additional 57,059 shares during the period. 68.99% of the stock is owned by institutional investors.

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Several brokerages have recently weighed in on BNED. BidaskClub cut shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BWS Financial reiterated a “buy” rating and set a $14.00 price target on shares of Barnes & Noble Education in a research note on Friday, September 1st. Craig Hallum reiterated a “buy” rating and set a $10.00 price target (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. Finally, TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.92.

Barnes & Noble Education, Inc (NYSE:BNED) opened at 6.12 on Friday. Barnes & Noble Education, Inc has a 1-year low of $5.26 and a 1-year high of $13.15. The stock’s market cap is $284.68 million. The company’s 50 day moving average is $6.26 and its 200-day moving average is $6.26.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.60) earnings per share. Equities research analysts forecast 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.

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

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