Schwab Charles Investment Management Inc. boosted its position in shares of Barnes & Noble Education, Inc (NYSE:BNED) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,529 shares of the specialty retailer’s stock after buying an additional 30,956 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Barnes & Noble Education were worth $3,774,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Karp Capital Management Corp purchased a new stake in Barnes & Noble Education during the first quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after buying an additional 9,000 shares during the period. Lucus Advisors LLC purchased a new stake in Barnes & Noble Education during the first quarter worth about $116,000. Louisiana State Employees Retirement System increased its stake in Barnes & Noble Education by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the specialty retailer’s stock worth $151,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System increased its stake in Barnes & Noble Education by 2.0% in the first quarter. Arizona State Retirement System now owns 20,125 shares of the specialty retailer’s stock worth $193,000 after buying an additional 400 shares during the period. 68.95% of the stock is owned by hedge funds and other institutional investors.

Shares of Barnes & Noble Education, Inc (NYSE:BNED) traded up 0.75% during midday trading on Wednesday, hitting $6.73. The stock had a trading volume of 23,478 shares. Barnes & Noble Education, Inc has a 1-year low of $6.46 and a 1-year high of $13.15. The firm has a 50-day moving average price of $8.27 and a 200-day moving average price of $9.48. The firm has a market cap of $313.05 million, a price-to-earnings ratio of 61.18 and a beta of 0.88.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The business had revenue of $342.80 million for the quarter, compared to analyst estimates of $310.58 million. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post $0.30 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th.

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.

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

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