BWS Financial began coverage on shares of Barnes & Noble Education Inc. (NYSE:BNED) in a report issued on Tuesday morning. The firm issued a strong-buy rating and a $14.00 price objective on the stock.
Separately, Zacks Investment Research downgraded shares of Barnes & Noble Education from a buy rating to a hold rating in a research note on Tuesday, August 30th.
Barnes & Noble Education (NYSE:BNED) traded up 3.0902% during trading on Tuesday, reaching $9.9379. The company’s stock had a trading volume of 167,135 shares. The company has a 50-day moving average of $10.26 and a 200 day moving average of $10.20. Barnes & Noble Education has a one year low of $8.15 and a one year high of $15.49. The firm’s market cap is $457.86 million.
Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.58) by $0.02. The firm had revenue of $239.20 million for the quarter, compared to the consensus estimate of $245.58 million. Barnes & Noble Education had a negative net margin of 0.05% and a positive return on equity of 2.22%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company posted ($0.65) earnings per share. Analysts expect that Barnes & Noble Education will post $0.44 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in BNED. SECOR Capital Advisors LP bought a new position in Barnes & Noble Education during the second quarter worth about $121,000. BNP Paribas Arbitrage SA increased its position in Barnes & Noble Education by 86.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,362 shares of the company’s stock worth $125,000 after buying an additional 5,729 shares during the last quarter. Airain ltd bought a new position in Barnes & Noble Education during the second quarter worth about $129,000. Profund Advisors LLC increased its position in Barnes & Noble Education by 10.3% in the second quarter. Profund Advisors LLC now owns 12,840 shares of the company’s stock worth $130,000 after buying an additional 1,196 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Barnes & Noble Education during the second quarter worth about $135,000. 66.67% of the stock is owned by institutional investors.
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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