Barnes & Noble Education (NYSE:BNED) Stock Rating Upgraded by Zacks Research

Barnes & Noble Education (NYSE:BNED) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on BNED. Weiss Ratings restated a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Friday, April 10th. Northland Securities initiated coverage on Barnes & Noble Education in a research note on Wednesday. They set an “outperform” rating and a $17.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Barnes & Noble Education presently has an average rating of “Hold” and an average target price of $17.00.

Barnes & Noble Education Price Performance

Shares of Barnes & Noble Education stock opened at $11.13 on Thursday. Barnes & Noble Education has a twelve month low of $5.90 and a twelve month high of $12.21. The stock has a market capitalization of $381.62 million, a P/E ratio of -34.77 and a beta of 1.32. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $10.13 and its 200 day moving average price is $9.24.

Institutional Trading of Barnes & Noble Education

A number of hedge funds and other institutional investors have recently modified their holdings of BNED. Royal Bank of Canada increased its position in shares of Barnes & Noble Education by 261.1% during the fourth quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 2,872 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Barnes & Noble Education by 205.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 2,910 shares during the last quarter. Bank of America Corp DE increased its position in shares of Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 5,733 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Barnes & Noble Education during the first quarter worth about $73,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Barnes & Noble Education during the second quarter worth about $96,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

About Barnes & Noble Education

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.