Barnes & Noble Education (NYSE:BNED) Research Coverage Started at StockNews.com

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

Several other analysts also recently issued reports on the company. Needham & Company LLC reissued a hold rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th. Craig Hallum reaffirmed 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 Stock Performance

Shares of NYSE:BNED opened at $0.21 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.50. Barnes & Noble Education has a 12 month low of $0.18 and a 12 month high of $2.26. The firm has a market capitalization of $11.03 million, a PE ratio of -0.14 and a beta of 1.81. The business has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.96.

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

Hedge Funds Weigh In On Barnes & Noble Education

Several hedge funds have recently modified their holdings of the company. Greenhaven Road Investment Management L.P. increased its position in shares of Barnes & Noble Education by 1.7% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after purchasing an additional 90,003 shares during the period. PEAK6 Investments LLC grew its holdings in shares of Barnes & Noble Education by 258.6% in the 3rd quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 33,539 shares during the last quarter. Finally, Belvedere Trading LLC acquired a new position in shares of Barnes & Noble Education in the 3rd quarter worth $26,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Company Profile

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.