StockNews.com Begins Coverage on Barnes & Noble Education (NYSE:BNED)

StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED) in a research note issued to investors on Thursday. The firm issued a hold rating on the specialty retailer’s stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum reaffirmed a hold rating and issued a $1.25 price target (down from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th. Needham & Company LLC reaffirmed a hold rating on shares of Barnes & Noble Education in a research report on Wednesday, April 17th.

Barnes & Noble Education Stock Down 4.1 %

Shares of NYSE:BNED opened at $0.20 on Thursday. The business’s 50-day moving average is $0.64 and its 200-day moving average is $0.95. Barnes & Noble Education has a 1 year low of $0.18 and a 1 year high of $2.26. The company has a market capitalization of $10.57 million, a price-to-earnings ratio of -0.13 and a beta of 1.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.50.

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

Institutional Investors Weigh In On Barnes & Noble Education

Several institutional investors have recently bought and sold shares of the stock. Greenhaven Road Investment Management L.P. lifted 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 valued at $7,832,000 after purchasing an additional 90,003 shares in the last quarter. PEAK6 Investments LLC lifted its position in shares of 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 in the last quarter. Finally, Belvedere Trading LLC purchased a new position in shares of Barnes & Noble Education in the 3rd quarter worth approximately $26,000. Institutional investors 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.