Analysts at StockNews.com assumed coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Free Report) in a research note issued to investors on Friday. The firm set a “hold” rating on the specialty retailer’s stock.
Several other brokerages also recently commented on BNED. Craig Hallum reiterated a “hold” rating and set a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th. Needham & Company LLC reiterated 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 Stock Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The company had revenue of $456.67 million during the quarter.
Institutional Investors Weigh In On Barnes & Noble Education
A number of large investors have recently added to or reduced their stakes in the stock. PEAK6 Investments LLC boosted its stake in shares of Barnes & Noble Education by 258.6% in 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 last quarter. Belvedere Trading LLC bought a new position in Barnes & Noble Education in the third quarter valued at about $26,000. Finally, Greenhaven Road Investment Management L.P. boosted its position in Barnes & Noble Education by 1.7% in 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 purchasing an additional 90,003 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.
Barnes & Noble Education Company Profile
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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