Barnes & Noble Education (NYSE:BNED) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities started coverage on shares of Barnes & Noble Education (NYSE:BNED) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a $17.00 price target on the specialty retailer’s stock. Northland Securities’ price objective suggests a potential upside of 59.70% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Barnes & Noble Education Trading Down 0.4%

Shares of Barnes & Noble Education stock opened at $10.65 on Wednesday. The firm has a market cap of $365.12 million, a PE ratio of -33.27 and a beta of 1.32. Barnes & Noble Education has a 1 year low of $5.90 and a 1 year high of $12.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 0.86. The stock has a fifty day moving average price of $9.99 and a 200-day moving average price of $9.15.

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in Barnes & Noble Education by 261.1% during the fourth quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 2,872 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Barnes & Noble Education by 205.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 2,910 shares during the period. Bank of America Corp DE boosted its stake in shares of Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 5,733 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Barnes & Noble Education during the 1st quarter valued at about $73,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Barnes & Noble Education during the second quarter valued at about $96,000. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.