Equities researchers at StockNews.com initiated coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Free Report) in a report released on Friday. The brokerage set a “hold” rating on the specialty retailer’s stock.
Several other brokerages have also recently issued reports on BNED. Craig Hallum restated a “hold” rating and issued a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th. Needham & Company LLC restated a “hold” rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th.
View Our Latest Stock Analysis on Barnes & Noble Education
Barnes & Noble Education Stock Up 3.1 %
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The firm had revenue of $456.67 million for the quarter.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Greenhaven Road Investment Management L.P. lifted its position in Barnes & Noble Education by 1.7% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after acquiring an additional 90,003 shares during the period. PEAK6 Investments LLC lifted its position in Barnes & Noble Education by 258.6% during the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 33,539 shares during the period. Finally, Belvedere Trading LLC acquired a new stake in Barnes & Noble Education during the 3rd quarter worth approximately $26,000. Hedge funds and other institutional investors own 38.51% of the company’s stock.
About Barnes & Noble Education
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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