Sidoti Reiterates “$4.00” Price Target for Barnes & Noble Education (NYSE:BNED)

Sidoti set a $4.00 price objective on Barnes & Noble Education (NYSE:BNED) in a research note released on Monday morning, TipRanks reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other research firms have also recently issued reports on BNED. TheStreet upgraded shares of Barnes & Noble Education from a d rating to a c- rating in a research report on Wednesday, March 6th. ValuEngine cut shares of Barnes & Noble Education from a sell rating to a strong sell rating in a research report on Monday, June 3rd. Finally, Needham & Company LLC initiated coverage on shares of Barnes & Noble Education in a research report on Monday, April 8th. They set a buy rating and a $7.00 price objective on the stock.

Barnes & Noble Education stock opened at $3.30 on Monday. The company has a market cap of $147.62 million, a PE ratio of 3.72 and a beta of 1.87. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.14. Barnes & Noble Education has a 1 year low of $2.91 and a 1 year high of $8.32.

Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in Barnes & Noble Education by 7.6% in the fourth quarter. Arizona State Retirement System now owns 56,397 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 3,991 shares during the last quarter. SG Americas Securities LLC increased its position in Barnes & Noble Education by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 4,190 shares during the last quarter. Northern Trust Corp increased its position in Barnes & Noble Education by 1.0% in the first quarter. Northern Trust Corp now owns 466,237 shares of the specialty retailer’s stock worth $1,958,000 after purchasing an additional 4,492 shares during the last quarter. Swiss National Bank increased its position in Barnes & Noble Education by 8.1% in the first quarter. Swiss National Bank now owns 64,095 shares of the specialty retailer’s stock worth $269,000 after purchasing an additional 4,800 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Barnes & Noble Education by 108.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 4,848 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

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