StockNews.com assumed coverage on shares of Barnes & Noble Education (NYSE:BNED – Free Report) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the specialty retailer’s stock.
Several other analysts have also issued reports on BNED. Craig Hallum restated a hold rating and issued a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th. Needham & Company LLC reaffirmed a hold rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th.
Get Our Latest Stock Analysis on Barnes & Noble Education
Barnes & Noble Education Stock Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last released its earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share for the quarter. The company had revenue of $456.67 million for the quarter. Barnes & Noble Education had a negative net margin of 5.22% and a negative return on equity of 51.52%.
Institutional Trading of Barnes & Noble Education
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Belvedere Trading LLC purchased a new position in Barnes & Noble Education during the third quarter valued at approximately $26,000. PEAK6 Investments LLC boosted its holdings in Barnes & Noble Education by 258.6% in the 3rd 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 period. Finally, Greenhaven Road Investment Management L.P. grew its position in shares of Barnes & Noble Education by 1.7% during the 4th 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 in the last quarter. 38.51% of the stock is currently owned by institutional investors.
Barnes & Noble Education Company Profile
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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