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

Research analysts at StockNews.com initiated coverage on shares of Barnes & Noble Education (NYSE:BNEDGet Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the specialty retailer’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a research note on Friday, May 24th.

Check Out Our Latest Stock Report on Barnes & Noble Education

Barnes & Noble Education Stock Performance

Shares of BNED stock opened at $0.13 on Tuesday. The stock has a fifty day moving average of $0.42 and a 200 day moving average of $0.81. Barnes & Noble Education has a 52 week low of $0.12 and a 52 week high of $2.26. The firm has a market capitalization of $7.04 million, a price-to-earnings ratio of -0.08 and a beta of 2.21. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.

Barnes & Noble Education (NYSE:BNEDGet Free Report) last announced 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 business had revenue of $456.67 million during the quarter.

Hedge Funds Weigh In On Barnes & Noble Education

A number of institutional investors have recently added to or reduced their stakes in BNED. PEAK6 Investments LLC raised its holdings 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 worth $51,000 after purchasing an additional 33,539 shares in the last quarter. Virtu Financial LLC bought a new position in Barnes & Noble Education in the first quarter worth $56,000. Finally, Greenhaven Road Investment Management L.P. raised its holdings 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 in the last quarter. Institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

(Get Free Report)

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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