Barnes & Noble Education (NYSE:BNED) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Barnes & Noble Education (NYSE:BNED) in a research note released on Wednesday morning, Benzinga reports.

A number of other equities analysts have also weighed in on the company. StockNews.com lowered Barnes & Noble Education from a buy rating to a hold rating in a research note on Thursday, December 28th. Craig Hallum reiterated a hold rating and set a $1.25 target price (down previously from $3.00) on shares of Barnes & Noble Education in a research note on Thursday, January 11th.

Barnes & Noble Education Price Performance

Shares of NYSE BNED opened at $0.24 on Wednesday. The business’s 50 day moving average price is $0.73 and its two-hundred day moving average price is $0.99. The company has a market cap of $12.71 million, a PE ratio of -0.15 and a beta of 1.81. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. Barnes & Noble Education has a twelve month low of $0.18 and a twelve month high of $2.26.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. The company had revenue of $456.67 million for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%.

Hedge Funds Weigh In On Barnes & Noble Education

A number of large investors have recently made changes to their positions in BNED. Occudo Quantitative Strategies LP increased its stake in Barnes & Noble Education by 31.8% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 23,120 shares of the specialty retailer’s stock worth $68,000 after acquiring an additional 5,577 shares during the period. Public Employees Retirement System of Ohio increased its stake in 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 acquiring an additional 6,137 shares during the period. Geode Capital Management LLC increased its stake in Barnes & Noble Education by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 364,734 shares of the specialty retailer’s stock worth $638,000 after acquiring an additional 6,535 shares during the period. Walleye Capital LLC increased its stake in Barnes & Noble Education by 12.4% during the 2nd quarter. Walleye Capital LLC now owns 65,866 shares of the specialty retailer’s stock worth $193,000 after acquiring an additional 7,258 shares during the period. Finally, Covestor Ltd bought a new position in Barnes & Noble Education during the 1st quarter worth $27,000. Institutional investors own 38.51% 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 through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.