Barnes & Noble Education Inc. (BNED) Now Covered by Analysts at BWS Financial
Investment analysts at BWS Financial initiated coverage on shares of Barnes & Noble Education Inc. (NYSE:BNED) in a report released on Tuesday. The firm set a “strong-buy” rating and a $14.00 price target on the stock. BWS Financial’s price objective points to a potential upside of 47.37% from the company’s current price.
Separately, Zacks Investment Research downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th.
Barnes & Noble Education (NYSE:BNED) traded down 0.11% during trading on Tuesday, hitting $9.49. The stock had a trading volume of 84,012 shares. The company’s market cap is $437.22 million. The company has a 50 day moving average of $10.32 and a 200-day moving average of $10.21. Barnes & Noble Education has a 12-month low of $8.15 and a 12-month high of $15.49.
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Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.02. Barnes & Noble Education had a positive return on equity of 2.22% and a negative net margin of 0.05%. The firm earned $239.20 million during the quarter, compared to the consensus estimate of $245.58 million. During the same period in the prior year, the firm posted ($0.65) EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Barnes & Noble Education will post $0.44 EPS for the current year.
Large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in shares of Barnes & Noble Education during the second quarter worth about $154,000. California State Teachers Retirement System raised its stake in shares of Barnes & Noble Education by 23.8% in the second quarter. California State Teachers Retirement System now owns 84,028 shares of the company’s stock worth $853,000 after buying an additional 16,131 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Barnes & Noble Education by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 420,823 shares of the company’s stock worth $4,272,000 after buying an additional 18,682 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Barnes & Noble Education by 86.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,362 shares of the company’s stock worth $125,000 after buying an additional 5,729 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Barnes & Noble Education during the first quarter worth about $319,000. 66.67% of the stock is currently owned by institutional investors.
Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.
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