Barnes & Noble Education (NYSE:BNED) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNEDGet Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the specialty retailer’s stock.

BNED has been the subject of several other reports. Craig Hallum reiterated a “hold” rating and set a $1.25 price objective (down from $3.00) on shares of Barnes & Noble Education in a research report on Thursday, January 11th. Needham & Company LLC reiterated a “hold” rating on shares of Barnes & Noble Education in a research report on Wednesday, April 17th.

View Our Latest Research Report on Barnes & Noble Education

Barnes & Noble Education Price Performance

BNED stock opened at $0.22 on Friday. Barnes & Noble Education has a 52-week low of $0.18 and a 52-week high of $2.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.50 and a current ratio of 0.90. The company has a fifty day moving average price of $0.58 and a 200-day moving average price of $0.93. The company has a market capitalization of $11.63 million, a P/E ratio of -0.14 and a beta of 2.01.

Barnes & Noble Education (NYSE:BNEDGet Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The firm had revenue of $456.67 million for the quarter.

Institutional Investors Weigh In On Barnes & Noble Education

Several hedge funds and other institutional investors have recently bought and sold shares of BNED. Belvedere Trading LLC bought a new stake in Barnes & Noble Education in the third quarter valued at $26,000. PEAK6 Investments LLC increased its position in shares of Barnes & Noble Education by 258.6% during the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 33,539 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. increased its position in shares of Barnes & Noble Education by 1.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after acquiring an additional 90,003 shares in the last quarter. 38.51% of the stock is owned by institutional investors.

Barnes & Noble Education Company Profile

(Get Free Report)

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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