Credit Suisse AG lowered its stake in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,891 shares of the specialty retailer’s stock after selling 5,260 shares during the period. Credit Suisse AG owned approximately 0.12% of Barnes & Noble Education worth $545,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 valued at $30,886,000 after buying an additional 223,257 shares in the last quarter. Vivaldi Capital Management LLC bought a new stake in shares of Barnes & Noble Education during the first quarter valued at approximately $5,375,857,000. Bank of New York Mellon Corp increased its stake in shares of Barnes & Noble Education by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 473,824 shares of the specialty retailer’s stock valued at $4,543,000 after buying an additional 7,649 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Barnes & Noble Education by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 393,529 shares of the specialty retailer’s stock valued at $3,774,000 after buying an additional 30,956 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Barnes & Noble Education by 2.2% in the first quarter. Boston Partners now owns 320,817 shares of the specialty retailer’s stock valued at $3,077,000 after buying an additional 6,775 shares in the last quarter. 69.10% of the stock is owned by institutional investors and hedge funds.

Shares of Barnes & Noble Education, Inc (BNED) traded down 5.35% during midday trading on Thursday, reaching $5.31. The company had a trading volume of 817,307 shares. Barnes & Noble Education, Inc has a 52-week low of $5.29 and a 52-week high of $13.15. The firm has a market cap of $247.00 million, a P/E ratio of 48.27 and a beta of 0.88. The company’s 50-day moving average is $7.49 and its 200-day moving average is $9.31.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by $0.06. 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 business’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.60) earnings per share. Equities research analysts expect that Barnes & Noble Education, Inc will post $0.32 EPS for the current fiscal year.

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BNED has been the subject of several analyst reports. Zacks Investment Research raised Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Tuesday, July 18th. BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. BidaskClub downgraded Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two 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 an average rating of “Hold” and a consensus price target of $10.92.

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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