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

Barnes & Noble Education (NYSE:BNED)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports.

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

Barnes & Noble Education Stock Down 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 firm’s 50 day moving average is $0.72 and its 200-day moving average is $0.98. The stock has a market capitalization of $12.59 million, a PE 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) last announced its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The firm 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP boosted its holdings in Barnes & Noble Education by 31.8% during the second quarter. Occudo Quantitative Strategies LP now owns 23,120 shares of the specialty retailer’s stock worth $68,000 after purchasing an additional 5,577 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Barnes & Noble Education by 64.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,628 shares of the specialty retailer’s stock worth $38,000 after buying an additional 6,137 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Barnes & Noble Education by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 364,734 shares of the specialty retailer’s stock worth $638,000 after buying an additional 6,535 shares during the last quarter. Walleye Capital LLC increased its holdings in shares of Barnes & Noble Education by 12.4% in the 2nd quarter. Walleye Capital LLC now owns 65,866 shares of the specialty retailer’s stock worth $193,000 after buying an additional 7,258 shares during the last quarter. Finally, Covestor Ltd bought a new position in shares of Barnes & Noble Education in the 1st quarter worth $27,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

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.