Barnes & Noble Education (NYSE:BNED) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Barnes & Noble Education (NYSE:BNED) to a hold rating in a report issued on Thursday morning,Zacks.com reports.

BNED has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Friday, April 10th. Northland Securities began coverage on Barnes & Noble Education in a research note on Wednesday. They set an “outperform” rating and a $17.00 price target for the company. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

Barnes & Noble Education Trading Down 4.7%

NYSE:BNED opened at $11.13 on Thursday. The company has a market capitalization of $381.62 million, a PE ratio of -34.77 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.48. Barnes & Noble Education has a 52-week low of $5.90 and a 52-week high of $12.21. The stock has a fifty day simple moving average of $10.13 and a 200-day simple moving average of $9.24.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Barnes & Noble Education by 119.6% in the 1st quarter. Bank of America Corp DE now owns 355,943 shares of the specialty retailer’s stock valued at $3,143,000 after purchasing an additional 193,876 shares during the last quarter. Kanen Wealth Management LLC raised its stake in Barnes & Noble Education by 0.7% in the 1st quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock valued at $30,232,000 after purchasing an additional 23,800 shares during the last quarter. Sei Investments Co. acquired a new position in Barnes & Noble Education in the 1st quarter valued at about $102,000. Copeland Capital Management LLC acquired a new position in Barnes & Noble Education in the 1st quarter valued at about $73,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Barnes & Noble Education by 557.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,313 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 7,897 shares during the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.