Barnes & Noble Education (NYSE:BNED) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the specialty retailer’s stock.

Separately, Needham & Company LLC reissued a buy rating and issued a $4.00 price objective on shares of Barnes & Noble Education in a research note on Friday, March 10th.

Barnes & Noble Education Stock Down 8.3 %

NYSE BNED opened at $1.65 on Thursday. The business has a fifty day moving average price of $2.12 and a 200 day moving average price of $2.30. Barnes & Noble Education has a one year low of $1.38 and a one year high of $4.45. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.63 and a current ratio of 1.30. The company has a market cap of $86.79 million, a P/E ratio of -1.29 and a beta of 2.06.

Institutional Trading of Barnes & Noble Education

A number of hedge funds and other institutional investors have recently modified their holdings of BNED. State of Wyoming increased its stake in shares of Barnes & Noble Education by 489.3% in the 4th quarter. State of Wyoming now owns 15,304 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 12,707 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Barnes & Noble Education in the 1st quarter worth $27,000. Virtu Financial LLC purchased a new position in shares of Barnes & Noble Education during the 4th quarter worth $27,000. ExodusPoint Capital Management LP purchased a new position in shares of Barnes & Noble Education during the 3rd quarter worth $29,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Barnes & Noble Education by 64.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,628 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 6,137 shares during the period. 43.64% of the stock is owned by institutional investors and hedge funds.

Barnes & Noble Education Company Profile

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Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores.