Equities researchers at StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Free Report) in a research note issued on Thursday. The brokerage set a “hold” rating on the specialty retailer’s stock.
A number of other equities analysts also recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research note on Wednesday, April 17th. Craig Hallum reaffirmed a “hold” rating and issued a $1.25 price target (down from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th.
Check Out Our Latest Report on Barnes & Noble Education
Barnes & Noble Education Stock Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. The business 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 Investors Weigh In On Barnes & Noble Education
Large investors have recently made changes to their positions in the stock. PEAK6 Investments LLC grew its holdings in shares of Barnes & Noble Education by 258.6% during the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 33,539 shares during the last quarter. Belvedere Trading LLC purchased a new stake in shares of Barnes & Noble Education during the third quarter valued at $26,000. Finally, Greenhaven Road Investment Management L.P. grew its holdings in shares of Barnes & Noble Education by 1.7% during 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 buying an additional 90,003 shares during the last quarter. 38.51% of the stock is owned by hedge funds and other 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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