StockNews.com started coverage on shares of Barnes & Noble Education (NYSE:BNED – Free Report) in a research note published on Friday. The firm issued a hold rating on the specialty retailer’s stock.
Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a hold rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th. Craig Hallum reiterated a hold rating and set a $1.25 target price (down from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th.
Check Out Our Latest Analysis on BNED
Barnes & Noble Education Stock Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The specialty retailer reported ($0.02) EPS for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The company had revenue of $456.67 million during the quarter.
Hedge Funds Weigh In On Barnes & Noble Education
Several large investors have recently made changes to their positions in the business. Belvedere Trading LLC purchased a new position in shares of Barnes & Noble Education during the third quarter valued at approximately $26,000. PEAK6 Investments LLC raised its holdings in 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, Greenhaven Road Investment Management L.P. raised its holdings in Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after acquiring an additional 90,003 shares during the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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