Barnes & Noble Education (NYSE:BNED) Lifted to “Buy” at Sidoti

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Sidoti upgraded shares of Barnes & Noble Education (NYSE:BNED) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports. Sidoti currently has $4.00 target price on the specialty retailer’s stock.

BNED has been the subject of several other reports. ValuEngine downgraded Barnes & Noble Education from a hold rating to a sell rating in a research report on Tuesday, March 5th. Needham & Company LLC began coverage on Barnes & Noble Education in a research report on Monday, April 8th. They issued a buy rating and a $7.00 target price for the company. Finally, TheStreet upgraded Barnes & Noble Education from a d rating to a c- rating in a research report on Wednesday, March 6th.

Barnes & Noble Education stock opened at $3.59 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 1.45 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $143.06 million, a P/E ratio of 6.04 and a beta of 1.87. Barnes & Noble Education has a 12 month low of $2.91 and a 12 month high of $7.78. The company has a 50-day moving average price of $3.43.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Tuesday, June 25th. The specialty retailer reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.94). The firm had revenue of $334.40 million during the quarter, compared to the consensus estimate of $340.58 million. Barnes & Noble Education had a negative net margin of 1.20% and a positive return on equity of 5.36%. Barnes & Noble Education’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in Barnes & Noble Education by 108.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 4,848 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $40,000. Municipal Employees Retirement System of Michigan acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $42,000. Oregon Public Employees Retirement Fund acquired a new stake in Barnes & Noble Education during the fourth quarter worth approximately $56,000. Finally, SG Americas Securities LLC grew its stake in Barnes & Noble Education by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 4,190 shares during the period. Institutional investors own 77.90% 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 in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

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