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Barnes & Noble Education (NYSE:BNED) Gets a “Hold” Rating at Needham & Company LLC


Barnes & Noble Education (NYSE:BNED – Get a Free Report)The stock’s “hold” rating was reaffirmed by investment analysts at Needham & Company LLC in a report released Wednesday, Benzinga reports.

Other analysts have also issued research reports on the stock. Craig Hallum reiterated a “hold” rating and issued a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a research report on Thursday, January 11. StockNews.com downgraded shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th.

Get our latest research report on Barnes & Noble Education

Shares of Barnes & Noble Education fell 2.4%

Shares of BNED opened at $0.24 on Wednesday. Barnes & Noble Education has a 12-month low of $0.18 and a 12-month high of $2.26. The company’s 50-day moving average is $0.72 and its 200-day moving average is $0.98. The stock has a market cap of $12.59 million, a price-to-earnings ratio of -0.15 and a beta of 1.81. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31.

Barnes & Noble Education (NYSE:BNED – Get Free Report) last reported its quarterly earnings data on Tuesday, March 12. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The company 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 inflow and outflow

Several hedge funds and other institutional investors have recently increased or decreased their stakes in the company. Occudo Quantitative Strategies LP increased its stake in Barnes & Noble Education by 31.8% in the second quarter. Occudo Quantitative Strategies LP now owns 23,120 shares of the specialty retailer’s stock valued at $68,000 after purchasing an additional 5,577 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Barnes & Noble Education by 64.7% in the third quarter. Public Employees Retirement System of Ohio now owns 15,628 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 6,137 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Barnes & Noble Education by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 364,734 shares of the specialty retailer’s stock worth $638,000 after purchasing an additional 6,535 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of Barnes & Noble Education by 12.4% in the second quarter. Walleye Capital LLC now owns 65,866 shares of the specialty retailer’s stock valued at $193,000 after purchasing an additional 7,258 shares in the last quarter. Finally, Covestor Ltd bought a new position in shares of Barnes & Noble Education worth $27,000 in the first quarter. 38.51% of the shares are currently held by hedge funds and other institutional investors.

About Barnes & Noble Education

(Get a free report)

Barnes & Noble Education, Inc operates bookstores for college and university campuses and elementary schools throughout the United States. It operates through the Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks and publisher-hosted digital course materials through physical and virtual bookstores, as well as directly to students through Textbooks.com.

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