TheStreet lowered shares of Barnes & Noble Education, Inc (NYSE:BNED) from a c- rating to a d+ rating in a research report report published on Wednesday.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Barnes & Noble Education from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub cut Barnes & Noble Education from a sell rating to a strong sell rating in a report on Friday, August 4th. BWS Financial cut Barnes & Noble Education from a stong buy rating to a buy rating in a report on Thursday, July 13th. Finally, ValuEngine cut Barnes & Noble Education from a hold rating to a sell rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $11.38.

Barnes & Noble Education (BNED) opened at 6.98 on Wednesday. Barnes & Noble Education has a 12 month low of $6.46 and a 12 month high of $13.15. The company has a market cap of $324.68 million, a price-to-earnings ratio of 63.45 and a beta of 0.88. The company’s 50 day moving average is $7.49 and its 200-day moving average is $9.31.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings data on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The firm had revenue of $342.80 million for the quarter, compared to the consensus estimate of $310.58 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 16.3% on a year-over-year basis. On average, analysts expect that Barnes & Noble Education will post $0.32 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/26/thestreet-lowers-barnes-noble-education-inc-bned-to-d.html.

Several large investors have recently modified their holdings of BNED. Karp Capital Management Corp bought a new stake in shares of Barnes & Noble Education during the first quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 9,000 shares during the period. Lucus Advisors LLC bought a new stake in shares of Barnes & Noble Education during the first quarter valued at about $116,000. Russell Investments Group Ltd. boosted its stake in shares of Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 1,980 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Barnes & Noble Education by 38.5% in the first quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 3,675 shares during the period. Institutional investors and hedge funds own 68.95% 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.

Receive News & Stock Ratings for Barnes & Noble Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education Inc and related stocks with our FREE daily email newsletter.