Barnes & Noble Education Inc. (NYSE:BNED) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $11.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 17.65% from the stock’s previous close.

According to Zacks, “Barnes & Noble Education, Inc. is engaged in creating and operating campus bookstores for academic institutions under multi-year management service agreements. The Company’s products and services include Textbook and Course Material Sales, Textbook and Course Material Rentals, General Merchandise, Trade, Digital Education Platform, e-commerce Platform, FacultyEnlight, Campus Connect Technologies platform and Flexible Course Fee Solution. It operates primarily in the United States. Barnes & Noble Education, Inc. is based in Basking Ridge, United States. “

Separately, BWS Financial initiated coverage on shares of Barnes & Noble Education in a research note on Tuesday, October 11th. They issued a “strong-buy” rating and a $14.00 target price for the company.

Shares of Barnes & Noble Education (NYSE:BNED) traded down 2.60% during midday trading on Monday, reaching $9.35. 114,634 shares of the company’s stock were exchanged. 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 $430.77 million. The stock’s 50-day moving average is $10.11 and its 200 day moving average is $10.20.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.02. Barnes & Noble Education had a negative net margin of 0.05% and a positive return on equity of 2.22%. The business had revenue of $239.20 million for the quarter, compared to the consensus estimate of $245.58 million. During the same quarter in the prior year, the business posted ($0.65) earnings per share. Barnes & Noble Education’s revenue for the quarter was up .1% on a year-over-year basis. Analysts anticipate that Barnes & Noble Education will post $0.44 EPS for the current year.

Large investors have recently bought and sold shares of the company. Bogle Investment Management L P DE acquired a new position in shares of Barnes & Noble Education during the first quarter valued at about $353,000. Bank of New York Mellon Corp boosted its position in shares of Barnes & Noble Education by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 420,823 shares of the company’s stock valued at $4,272,000 after buying an additional 18,682 shares during the period. Moors & Cabot Inc. boosted its position in shares of Barnes & Noble Education by 3.9% in the second quarter. Moors & Cabot Inc. now owns 25,510 shares of the company’s stock valued at $258,000 after buying an additional 948 shares during the period. Boston Partners boosted its position in shares of Barnes & Noble Education by 2.3% in the second quarter. Boston Partners now owns 284,885 shares of the company’s stock valued at $2,892,000 after buying an additional 6,443 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Barnes & Noble Education by 23.8% in the second quarter. California State Teachers Retirement System now owns 84,028 shares of the company’s stock valued at $853,000 after buying an additional 16,131 shares during the period. Institutional investors and hedge funds own 66.66% of the company’s stock.

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.

5 Day Chart for NYSE:BNED

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