Needham & Company LLC Reaffirms Buy Rating for Barnes & Noble Education (NYSE:BNED)

Needham & Company LLC restated their buy rating on shares of Barnes & Noble Education (NYSE:BNED – Get Rating) in a research report report published on Friday morning, Benzinga reports. Needham & Company LLC currently has a $4.00 target price on the specialty retailer’s stock.

Barnes & Noble Education Stock Up 0.5 %

BNED opened at $1.85 on Friday. The company has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.31. The firm has a market capitalization of $97.31 million, a P/E ratio of -1.45 and a beta of 2.06. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.30 and a quick ratio of 0.63. Barnes & Noble Education has a one year low of $1.38 and a one year high of $4.45.

Hedge Funds Weigh In On Barnes & Noble Education

A number of institutional investors have recently bought and sold shares of the stock. State of Wyoming grew its holdings in Barnes & Noble Education by 489.3% in the fourth quarter. State of Wyoming now owns 15,304 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 12,707 shares during the period. Covestor Ltd bought a new position in Barnes & Noble Education during the first quarter valued at approximately $27,000. GSA Capital Partners LLP bought a new position in Barnes & Noble Education in the fourth quarter worth approximately $1,018,000. Russell Investments Group Ltd. raised its position in Barnes & Noble Education by 27.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,752,282 shares of the specialty retailer’s stock worth $3,066,000 after acquiring an additional 372,412 shares during the period. Finally, Boston Partners raised its position in Barnes & Noble Education by 88.2% in the fourth quarter. Boston Partners now owns 359,408 shares of the specialty retailer’s stock worth $629,000 after acquiring an additional 168,387 shares during the period. 43.64% of the stock is owned by institutional investors.

About Barnes & Noble Education

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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.