Zacks: Barnes & Noble Education Inc. (BNED) Given Consensus Rating of “Buy” by Analysts
Barnes & Noble Education Inc. (NYSE:BNED) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12 month consensus target price of $20.00 for the company and are forecasting that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also given Barnes & Noble Education an industry rank of 180 out of 265 based on the ratings given to related companies.
A number of equities analysts have issued reports on the company. BWS Financial assumed coverage on Barnes & Noble Education in a report on Tuesday. They issued a “strong-buy” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, July 1st.
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Several institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of Barnes & Noble Education by 72.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 194,107 shares of the company’s stock valued at $1,971,000 after buying an additional 81,730 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Barnes & Noble Education by 34.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 30,488 shares of the company’s stock valued at $309,000 after buying an additional 7,807 shares during the last quarter. Arizona State Retirement System increased its position in shares of Barnes & Noble Education by 1.5% in the second quarter. Arizona State Retirement System now owns 20,325 shares of the company’s stock valued at $206,000 after buying an additional 300 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Barnes & Noble Education during the second quarter valued at $135,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Barnes & Noble Education during the second quarter valued at $316,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.
Shares of Barnes & Noble Education (NYSE:BNED) traded up 0.53% during trading on Tuesday, hitting $9.55. 156,650 shares of the company were exchanged. The company has a 50 day moving average of $10.32 and a 200-day moving average of $10.21. The stock’s market capitalization is $439.99 million. Barnes & Noble Education has a 1-year low of $8.15 and a 1-year high of $15.49.
Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates 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 earned $239.20 million during the quarter, compared to analysts’ expectations of $245.58 million. During the same period in the previous year, the business earned ($0.65) EPS. The business’s revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Barnes & Noble Education will post $0.44 earnings per share for the current year.
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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