ValuEngine upgraded shares of Barnes & Noble Education, Inc (NYSE:BNED) from a sell rating to a hold rating in a report published on Monday morning.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Barnes & Noble Education from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub raised shares of Barnes & Noble Education from a strong sell rating to a sell rating in a report on Wednesday, September 27th. BWS Financial lowered shares of Barnes & Noble Education from a stong buy rating to a buy rating in a research report on Thursday, July 13th. Craig Hallum restated a buy rating and set a $10.00 price target (down previously from $16.00) on shares of Barnes & Noble Education in a research report on Thursday, August 31st. Finally, TheStreet cut shares of Barnes & Noble Education from a c- rating to a d+ rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $10.92.

Shares of Barnes & Noble Education (NYSE BNED) opened at 6.52 on Monday. The stock has a 50 day moving average of $6.16 and a 200-day moving average of $6.16. Barnes & Noble Education has a 52 week low of $5.26 and a 52 week high of $13.15. The stock’s market capitalization is $303.29 million.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. During the same period in the previous year, the firm posted ($0.60) earnings per share. The company’s revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts expect that Barnes & Noble Education will post $0.51 EPS for the current year.

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Hedge funds have recently made changes to their positions in the company. Karp Capital Management Corp purchased a new position in shares of Barnes & Noble Education during the 1st quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Barnes & Noble Education by 316.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 9,000 shares in the last quarter. Lucus Advisors LLC purchased a new stake in Barnes & Noble Education in the 1st quarter worth $116,000. Russell Investments Group Ltd. increased its holdings in Barnes & Noble Education by 21.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Barnes & Noble Education by 38.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock worth $127,000 after acquiring an additional 3,675 shares in the last quarter. 68.99% of the stock is owned by institutional investors and hedge funds.

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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