Barnes & Noble Education (NYSE:BNED) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Rating) in a research report released on Thursday. The firm issued a hold rating on the specialty retailer’s stock.

Separately, Needham & Company LLC restated a buy rating and set a $4.00 price objective on shares of Barnes & Noble Education in a research note on Friday, March 10th.

Barnes & Noble Education Stock Performance

BNED stock opened at $1.65 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.30 and a quick ratio of 0.63. The company has a 50 day moving average price of $2.12 and a 200 day moving average price of $2.30. Barnes & Noble Education has a fifty-two week low of $1.38 and a fifty-two week high of $4.45. The stock has a market capitalization of $86.79 million, a PE ratio of -1.29 and a beta of 2.06.

Institutional Trading of Barnes & Noble Education

Large investors have recently made changes to their positions in the company. State of Wyoming boosted its position in Barnes & Noble Education by 489.3% in the fourth quarter. State of Wyoming now owns 15,304 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 12,707 shares in the last quarter. Covestor Ltd bought a new position in Barnes & Noble Education during the first quarter worth $27,000. Virtu Financial LLC acquired a new stake in Barnes & Noble Education in the fourth quarter worth $27,000. ExodusPoint Capital Management LP acquired a new stake in Barnes & Noble Education in the third quarter worth $29,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Barnes & Noble Education by 64.7% in the third quarter. Public Employees Retirement System of Ohio now owns 15,628 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 6,137 shares during the period. Institutional investors and hedge funds own 43.64% of the company’s stock.

About Barnes & Noble Education

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Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores.