Barnes & Noble Education, Inc (NYSE:BNED) posted its earnings results on Wednesday. The specialty retailer reported ($0.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by $0.06, Briefing.com reports. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period last year, the company posted ($0.60) EPS.

Shares of Barnes & Noble Education (BNED) opened at 5.61 on Thursday. The firm has a market cap of $260.95 million, a price-to-earnings ratio of 51.00 and a beta of 0.88. Barnes & Noble Education has a 1-year low of $5.51 and a 1-year high of $13.15. The company’s 50 day moving average price is $7.49 and its 200-day moving average price is $9.31.

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A number of large investors have recently added to or reduced their stakes in BNED. Vivaldi Asset Management LLC acquired a new stake in Barnes & Noble Education during the second quarter worth about $6,758,000. Vivaldi Capital Management LLC acquired a new stake in Barnes & Noble Education during the first quarter worth about $5,375,857,000. JPMorgan Chase & Co. increased its stake in Barnes & Noble Education by 39,054.6% in the first quarter. JPMorgan Chase & Co. now owns 247,457 shares of the specialty retailer’s stock worth $2,373,000 after buying an additional 246,825 shares during the last quarter. Vanguard Group Inc. increased its stake in Barnes & Noble Education by 7.4% in the first quarter. Vanguard Group Inc. now owns 3,220,504 shares of the specialty retailer’s stock worth $30,886,000 after buying an additional 223,257 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Barnes & Noble Education by 827.6% in the second quarter. Thrivent Financial For Lutherans now owns 202,737 shares of the specialty retailer’s stock worth $2,155,000 after buying an additional 180,880 shares during the last quarter. 69.10% of the stock is currently owned by institutional investors.

Several research firms have weighed in on BNED. Zacks Investment Research lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BWS Financial lowered Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, TheStreet lowered Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.38.

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.

Earnings History for Barnes & Noble Education (NYSE:BNED)

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