Barnes & Noble Education Inc. (BNED) Receives New Coverage from Analysts at BWS Financial
BWS Financial began coverage on shares of Barnes & Noble Education Inc. (NYSE:BNED) in a research report sent to investors on Tuesday. The firm issued a strong-buy rating and a $14.00 price objective on the stock.
Separately, Zacks Investment Research raised Barnes & Noble Education from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Friday, July 1st.
Barnes & Noble Education (NYSE:BNED) traded up 3.0902% during mid-day trading on Tuesday, reaching $9.9379. The company had a trading volume of 167,135 shares. The company’s market capitalization is $457.86 million. The stock has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.20. Barnes & Noble Education has a one year low of $8.15 and a one year high of $15.49.
Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by $0.02. Barnes & Noble Education had a positive return on equity of 2.22% and a negative net margin of 0.05%. The business earned $239.20 million during the quarter, compared to the consensus estimate of $245.58 million. During the same period last year, the business posted ($0.65) earnings per share. The business’s revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Barnes & Noble Education will post $0.44 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. 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 period. 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 period. Finally, Highbridge Capital Management LLC bought a new position in Barnes & Noble Education during the second quarter worth about $135,000. Institutional investors and hedge funds own 66.67% of the company’s stock.
About Barnes & Noble Education
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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