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

Needham & Company LLC reissued their hold rating on shares of Barnes & Noble Education (NYSE:BNED) in a report released on Wednesday morning, Benzinga reports.

A number of other equities research analysts also recently commented on BNED. StockNews.com downgraded Barnes & Noble Education from a buy rating to a hold rating in a research report on Thursday, December 28th. Craig Hallum restated a hold rating and issued a $1.25 price target (down previously from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th.

Barnes & Noble Education Trading Down 2.6 %

Shares of BNED stock opened at $0.23 on Wednesday. The company has a market capitalization of $12.23 million, a price-to-earnings 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. The firm has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.98. Barnes & Noble Education has a twelve month low of $0.18 and a twelve month high of $2.26.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data 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 net margin of 5.22% and a negative return on equity of 51.52%.

Hedge Funds Weigh In On Barnes & Noble Education

A number of hedge funds have recently made changes to their positions in the stock. PEAK6 Investments LLC raised its position in shares of Barnes & Noble Education by 258.6% in the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after buying an additional 33,539 shares during the period. Belvedere Trading LLC purchased a new position in shares of Barnes & Noble Education in the 3rd quarter worth about $26,000. Walleye Trading LLC lifted its stake in shares of Barnes & Noble Education by 83.6% in the 1st quarter. Walleye Trading LLC now owns 18,737 shares of the specialty retailer’s stock valued at $67,000 after purchasing an additional 8,530 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Barnes & Noble Education during the 1st quarter worth about $64,000. Finally, Marshall Wace LLP purchased a new stake in shares of Barnes & Noble Education during the 4th quarter worth about $52,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

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.