BidaskClub upgraded shares of Barnes & Noble Education, Inc (NYSE:BNED) from a strong sell rating to a sell rating in a research note released on Wednesday, October 18th.
Several other research analysts have also weighed in on BNED. Zacks Investment Research lowered shares of Barnes & Noble Education from a buy rating to a hold rating in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Barnes & Noble Education from a sell rating to a hold rating in a research note on Monday, October 2nd. TheStreet lowered shares of Barnes & Noble Education from a c- rating to a d+ rating in a research note on Wednesday, August 23rd. Craig Hallum reiterated a buy rating and issued 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, BWS Financial reaffirmed a buy rating and set a $14.00 price target on shares of Barnes & Noble Education in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $10.92.
Barnes & Noble Education (NYSE BNED) traded down 2.42% during mid-day trading on Wednesday, reaching $6.46. The company’s stock had a trading volume of 167,612 shares. The stock’s market capitalization is $300.50 million. Barnes & Noble Education has a 52 week low of $5.26 and a 52 week high of $13.15. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $6.34.
Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.06). The business had revenue of $355.70 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.60) earnings per share. On average, equities research analysts expect that Barnes & Noble Education will post $0.51 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in BNED. Russell Investments Group Ltd. increased its position in Barnes & Noble Education by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 1,980 shares during the period. Karp Capital Management Corp acquired a new position in Barnes & Noble Education in the 1st quarter valued at approximately $114,000. Aperio Group LLC increased its position in Barnes & Noble Education by 1.3% in the 2nd quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 154 shares during the period. BNP Paribas Arbitrage SA increased its position in Barnes & Noble Education by 57.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 4,443 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Barnes & Noble Education by 38.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after acquiring an additional 3,675 shares during the period. Institutional investors and hedge funds own 68.45% of the company’s stock.
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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