Barnes & Noble Education, Inc (NYSE:BNED) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also weighed in on BNED. ValuEngine lowered shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Tuesday, July 18th. Finally, BWS Financial lowered shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th.

Shares of Barnes & Noble Education (NYSE BNED) traded up 2.25% during trading on Friday, hitting $7.26. 354,391 shares of the stock traded hands. The company has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.75. The firm has a market cap of $337.71 million, a price-to-earnings ratio of 66.00 and a beta of 0.88. Barnes & Noble Education has a 12 month low of $7.08 and a 12 month high of $13.15.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. The company had revenue of $342.80 million for the quarter, compared to the consensus estimate of $310.58 million. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. Analysts anticipate that Barnes & Noble Education will post $0.30 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in BNED. Russell Investments Group Ltd. raised its stake in shares of Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock worth $120,000 after buying an additional 1,980 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after buying an additional 9,000 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Barnes & Noble Education during the first quarter worth $114,000. Aperio Group LLC raised its stake in shares of Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock worth $128,000 after buying an additional 154 shares during the last quarter. Finally, Lucus Advisors LLC bought a new stake in shares of Barnes & Noble Education during the first quarter worth $116,000. 68.63% of the stock is currently owned by hedge funds and other 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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