StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED – Free Report) in a research note published on Friday morning. The brokerage issued a hold rating on the specialty retailer’s stock.
Several other analysts also recently weighed in on BNED. Craig Hallum restated a hold rating and set a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th. Needham & Company LLC restated a hold rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th.
Get Our Latest Stock Analysis on Barnes & Noble Education
Barnes & Noble Education Price Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $456.67 million during the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%.
Institutional Investors Weigh In On Barnes & Noble Education
Institutional investors have recently modified their holdings of the stock. Belvedere Trading LLC acquired a new position in Barnes & Noble Education in the third quarter worth $26,000. PEAK6 Investments LLC lifted its position in shares of Barnes & Noble Education by 258.6% in the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after buying an additional 33,539 shares during the last quarter. Finally, Greenhaven Road Investment Management L.P. boosted its holdings in shares of Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after buying an additional 90,003 shares during the period. Institutional investors and hedge funds own 38.51% of the company’s stock.
Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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