Barnes & Noble Education (NYSE:BNED) Rating Reiterated by Needham & Company LLC

Barnes & Noble Education (NYSE:BNED)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued to clients and investors on Wednesday, Benzinga reports.

Several other research firms have also issued reports on BNED. Craig Hallum reissued a “hold” rating and set a $1.25 target price (down previously from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th. StockNews.com lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th.

Barnes & Noble Education Trading Down 2.4 %

Shares of BNED stock opened at $0.24 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.50. The company has a market cap of $12.59 million, a price-to-earnings ratio of -0.15 and a beta of 1.81. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.98. Barnes & Noble Education has a 1-year low of $0.18 and a 1-year high of $2.26.

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

Institutional Investors Weigh In On Barnes & Noble Education

Several hedge funds and other institutional investors have recently made changes to their positions in BNED. Greenhaven Road Investment Management L.P. grew its stake 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 last quarter. Bridgeway Capital Management LLC raised its holdings in Barnes & Noble Education by 77.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 226,200 shares of the specialty retailer’s stock worth $337,000 after purchasing an additional 98,900 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Barnes & Noble Education by 51.8% in the fourth quarter. Northern Trust Corp now owns 108,861 shares of the specialty retailer’s stock worth $162,000 after acquiring an additional 37,165 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Barnes & Noble Education by 26.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 618,902 shares of the specialty retailer’s stock worth $675,000 after acquiring an additional 127,892 shares during the last quarter. Finally, PEAK6 Investments LLC raised its holdings in shares of Barnes & Noble Education by 258.6% in 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 during the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

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.