Barnes & Noble Education (NYSE:BNED) Now Covered by Northland Securities

Investment analysts at Northland Securities initiated coverage on shares of Barnes & Noble Education (NYSE:BNED) in a note issued to investors on Wednesday. The firm set an “outperform” rating and a $17.00 price target on the specialty retailer’s stock. Northland Securities’ price target points to a potential upside of 59.70% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Barnes & Noble Education in a research report on Friday, April 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.00.

Barnes & Noble Education Price Performance

Shares of NYSE BNED opened at $10.65 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $9.99 and its 200-day moving average is $9.15. Barnes & Noble Education has a 1-year low of $5.90 and a 1-year high of $12.21. The firm has a market cap of $365.12 million, a P/E ratio of -33.27 and a beta of 1.32.

Institutional Trading of Barnes & Noble Education

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in Barnes & Noble Education by 119.6% during the first quarter. Bank of America Corp DE now owns 355,943 shares of the specialty retailer’s stock worth $3,143,000 after buying an additional 193,876 shares in the last quarter. Kanen Wealth Management LLC lifted its stake in Barnes & Noble Education by 0.7% during the 1st quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock valued at $30,232,000 after acquiring an additional 23,800 shares in the last quarter. Sei Investments Co. purchased a new position in Barnes & Noble Education during the 1st quarter worth $102,000. Copeland Capital Management LLC purchased a new position in Barnes & Noble Education during the 1st quarter worth $73,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Barnes & Noble Education by 557.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,313 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 7,897 shares in the last quarter. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.