BidaskClub cut shares of Barnes & Noble Education, Inc (NYSE:BNED) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
BNED has been the subject of a number of other research reports. BWS Financial reaffirmed a strong-buy rating and issued a $14.00 price objective on shares of Barnes & Noble Education in a report on Wednesday, April 5th. ValuEngine cut shares of Barnes & Noble Education from a hold rating to a sell rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Barnes & Noble Education from a sell rating to a hold rating in a report on Tuesday, May 2nd.
Barnes & Noble Education (BNED) opened at 7.53 on Wednesday. The company has a 50-day moving average of $9.85 and a 200 day moving average of $10.00. Barnes & Noble Education has a one year low of $7.30 and a one year high of $13.15. The company has a market cap of $350.27 million, a P/E ratio of 68.45 and a beta of 1.03.
Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The firm had revenue of $342.80 million during the quarter, compared to analysts’ expectations of $310.58 million. During the same period in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Analysts anticipate that Barnes & Noble Education will post $0.31 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Barnes & Noble Education during the fourth quarter worth $1,992,000. Boston Partners boosted its position in Barnes & Noble Education by 2.2% in the first quarter. Boston Partners now owns 320,817 shares of the specialty retailer’s stock worth $3,077,000 after buying an additional 6,775 shares during the last quarter. State Street Corp boosted its position in Barnes & Noble Education by 11.9% in the fourth quarter. State Street Corp now owns 906,656 shares of the specialty retailer’s stock worth $10,403,000 after buying an additional 96,430 shares during the last quarter. Comerica Bank boosted its position in Barnes & Noble Education by 5.9% in the fourth quarter. Comerica Bank now owns 40,885 shares of the specialty retailer’s stock worth $458,000 after buying an additional 2,278 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Barnes & Noble Education by 711.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 56,000 shares of the specialty retailer’s stock worth $536,000 after buying an additional 49,100 shares during the last quarter. 68.61% of the stock is owned by institutional investors.
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.
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