StockNews.com began coverage on shares of Barnes & Noble Education (NYSE:BNED – Free Report) in a research report released on Friday. The firm issued a hold rating on the specialty retailer’s stock.
A number of other brokerages have also recently issued reports on BNED. Craig Hallum reaffirmed a hold rating and issued a $1.25 target price (down previously from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th. Needham & Company LLC reaffirmed a hold rating on shares of Barnes & Noble Education in a report on Wednesday, April 17th.
Check Out Our Latest Report on Barnes & Noble Education
Barnes & Noble Education Price Performance
Barnes & Noble Education (NYSE:BNED – Get Free Report) last announced 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 return on equity of 51.52% and a negative net margin of 5.22%. The business had revenue of $456.67 million for the quarter.
Hedge Funds Weigh In On Barnes & Noble Education
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Belvedere Trading LLC acquired a new stake in shares of Barnes & Noble Education in the third quarter valued at about $26,000. PEAK6 Investments LLC increased its stake in shares of Barnes & Noble Education by 258.6% in the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 33,539 shares during the period. Finally, Greenhaven Road Investment Management L.P. increased its stake in shares of Barnes & Noble Education by 1.7% in the fourth 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 buying an additional 90,003 shares during the period. Institutional investors and hedge funds 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.
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