StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the specialty retailer’s stock.
BNED has been the topic of a number of other research reports. Craig Hallum reissued a “hold” rating and set a $1.25 price objective (down previously from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th.
Get Our Latest Research Report on Barnes & Noble Education
Barnes & Noble Education Trading Down 4.0 %
Barnes & Noble Education (NYSE:BNED – Get Free Report) last announced its earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $456.67 million for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%.
Institutional Trading of Barnes & Noble Education
Several hedge funds have recently bought and sold shares of the stock. Greenhaven Road Investment Management L.P. raised its holdings in Barnes & Noble Education by 1.7% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after buying an additional 90,003 shares during the period. PEAK6 Investments LLC raised its holdings in Barnes & Noble Education by 258.6% during 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 period. Finally, Belvedere Trading LLC acquired a new stake in Barnes & Noble Education during the 3rd quarter worth approximately $26,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.
About Barnes & Noble Education
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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