Barnes & Noble Education Inc. (BNED) Research Coverage Started at BWS Financial
Research analysts at BWS Financial began 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 target indicates 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 up 0.53% on Tuesday, reaching $9.55. The company’s stock had a trading volume of 139,281 shares. Barnes & Noble Education has a 12 month low of $8.15 and a 12 month high of $15.49. The company has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.21. The company’s market cap is $439.99 million.
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Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $239.20 million for the quarter, compared to the consensus estimate of $245.58 million. During the same quarter in the prior year, the firm posted ($0.65) earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Barnes & Noble Education will post $0.44 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. SECOR Capital Advisors LP purchased a new stake in Barnes & Noble Education during the second quarter valued at about $121,000. BNP Paribas Arbitrage SA increased its stake in Barnes & Noble Education by 86.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,362 shares of the company’s stock valued at $125,000 after buying an additional 5,729 shares during the period. Airain ltd purchased a new stake in Barnes & Noble Education during the second quarter valued at about $129,000. Profund Advisors LLC increased its stake in Barnes & Noble Education by 10.3% in the second quarter. Profund Advisors LLC now owns 12,840 shares of the company’s stock valued at $130,000 after buying an additional 1,196 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in Barnes & Noble Education during the second quarter valued at about $135,000. Institutional investors and hedge funds own 66.67% of the company’s stock.
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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