Barnes & Noble Education (NYSE:BNED) Coverage Initiated at StockNews.com

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

A number of other analysts also recently weighed in on BNED. 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. Needham & Company LLC restated a “hold” rating on shares of Barnes & Noble Education in a research report on Wednesday, April 17th.

Barnes & Noble Education Stock Down 4.0 %

Shares of NYSE BNED opened at $0.20 on Thursday. Barnes & Noble Education has a 12 month low of $0.18 and a 12 month high of $2.26. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $10.54 million, a price-to-earnings ratio of -0.13 and a beta of 1.81. The business has a 50-day moving average of $0.68 and a 200-day moving average of $0.97.

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

Institutional Trading of Barnes & Noble Education

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PEAK6 Investments LLC lifted its position in Barnes & Noble Education by 258.6% in the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 33,539 shares during the last quarter. Belvedere Trading LLC bought a new stake in Barnes & Noble Education in the third quarter valued at approximately $26,000. Finally, Greenhaven Road Investment Management L.P. lifted 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 valued at $7,832,000 after purchasing an additional 90,003 shares during the last quarter. 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.