Barnes & Noble Education, Inc (BNED) Rating Reiterated by BWS Financial

Barnes & Noble Education, Inc (NYSE:BNED)‘s stock had its “buy” rating reiterated by research analysts at BWS Financial in a note issued to investors on Friday, September 1st. They currently have a $14.00 price target on the specialty retailer’s stock. BWS Financial’s price objective indicates a potential upside of 122.93% from the company’s current price.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Tuesday, July 18th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective (down from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. TheStreet downgraded shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Barnes & Noble Education presently has a consensus rating of “Hold” and an average price target of $10.92.

Shares of Barnes & Noble Education (NYSE:BNED) traded up 6.80% on Friday, hitting $6.28. The stock had a trading volume of 1,220,347 shares. The firm’s 50 day moving average is $5.88 and its 200-day moving average is $7.65. Barnes & Noble Education has a one year low of $5.48 and a one year high of $13.15. The stock’s market capitalization is $292.13 million.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.06). The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $406.22 million. Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.60) earnings per share. Equities research analysts expect that Barnes & Noble Education will post $0.51 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Barnes & Noble Education by 5.3% during the second quarter. Vanguard Group Inc. now owns 3,391,895 shares of the specialty retailer’s stock valued at $36,055,000 after acquiring an additional 171,391 shares during the last quarter. State Street Corp raised its stake in shares of Barnes & Noble Education by 4.8% during the second quarter. State Street Corp now owns 995,797 shares of the specialty retailer’s stock valued at $10,586,000 after acquiring an additional 45,936 shares during the last quarter. Vivaldi Asset Management LLC bought a new position in shares of Barnes & Noble Education during the second quarter valued at about $6,758,000. Vivaldi Capital Management LLC bought a new position in shares of Barnes & Noble Education during the first quarter valued at about $5,375,857,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Barnes & Noble Education by 35.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 534,090 shares of the specialty retailer’s stock valued at $5,678,000 after acquiring an additional 140,561 shares during the last quarter. 68.99% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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