Research analysts at StockNews.com started coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Free Report) in a report released on Thursday. The brokerage set a “hold” rating on the specialty retailer’s stock.
Several other equities research analysts have also issued reports on BNED. Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a research note on Wednesday, April 17th. Craig Hallum reaffirmed a “hold” rating and set a $1.25 price target (down previously from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th.
View Our Latest Stock Analysis on Barnes & Noble Education
Barnes & Noble Education Price Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $456.67 million for the quarter. Barnes & Noble Education had a negative net margin of 5.22% and a negative return on equity of 51.52%.
Institutional Investors Weigh In On Barnes & Noble Education
Hedge funds have recently added to or reduced their stakes in the company. Greenhaven Road Investment Management L.P. lifted its stake in shares of Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after acquiring an additional 90,003 shares during the last quarter. PEAK6 Investments LLC lifted its stake in shares of Barnes & Noble Education by 258.6% in the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 33,539 shares during the last quarter. Finally, Belvedere Trading LLC bought a new stake in shares of Barnes & Noble Education in the 3rd quarter valued at about $26,000. Institutional investors own 38.51% of the company’s stock.
Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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