Principal Financial Group Inc. Purchases 11,348 Shares of Barnes & Noble Education, Inc (NYSE:BNED)

Principal Financial Group Inc. boosted its position in Barnes & Noble Education, Inc (NYSE:BNED) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,022 shares of the specialty retailer’s stock after buying an additional 11,348 shares during the period. Principal Financial Group Inc. owned approximately 0.63% of Barnes & Noble Education worth $2,810,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BNED. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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. Karp Capital Management Corp bought a new position in Barnes & Noble Education during the first quarter valued at $114,000. Louisiana State Employees Retirement System boosted its position 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 valued at $151,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System boosted its position 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 valued at $193,000 after buying an additional 400 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Barnes & Noble Education by 7.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,097 shares of the specialty retailer’s stock valued at $242,000 after buying an additional 1,410 shares during the last quarter. 68.95% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education, Inc (BNED) traded up 2.25% during trading on Wednesday, reaching $6.83. 212,741 shares of the company’s stock traded hands. Barnes & Noble Education, Inc has a one year low of $6.46 and a one year high of $13.15. The firm has a market capitalization of $317.70 million, a PE ratio of 62.09 and a beta of 0.88. The company has a 50-day moving average price of $8.27 and a 200 day moving average price of $9.48.

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

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Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub cut shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine lowered shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BWS Financial lowered shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th.

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.

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

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