Barnes & Noble Education (NYSE:BNED – Get Rating) had its target price dropped by research analysts at Needham & Company LLC to $4.00 in a research report issued on Monday, Stock Target Advisor reports. Needham & Company LLC’s price target would indicate a potential upside of 35.59% from the company’s previous close.
Several other brokerages have also recently issued reports on BNED. TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a report on Wednesday, March 9th. StockNews.com cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Craig Hallum reduced their objective price on shares of Barnes & Noble Education to $5.00 in a report on Monday.
Shares of NYSE: BNED traded up $0.02 during midday trading on Monday, reaching $2.95. 44,498 shares of the company were exchanged, compared to its average volume of 720,679. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average is $2.69 and its two-hundred day moving average is $4.31. Barnes & Noble Education has a one year low of $2.00 and a one year high of $12.01. The stock has a market cap of $153.54 million, a PE ratio of -2.15 and a beta of 2.05.
Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in Barnes & Noble Education during the 3rd quarter worth $249,000. Cubist Systematic Strategies LLC raised its position in Barnes & Noble Education by 65.8% during the third quarter. Cubist Systematic Strategies LLC now owns 47,574 shares of the specialty retailer’s stock valued at $475,000 after buying an additional 18,882 shares during the period. Thrivent Financial for Lutherans raised its position in Barnes & Noble Education by 11.6% during the third quarter. Thrivent Financial for Lutherans now owns 29,074 shares of the specialty retailer’s stock valued at $290,000 after buying an additional 3,033 shares during the period. Comerica Bank grew its stake in Barnes & Noble Education by 8.8% in the third quarter. Comerica Bank now owns 32,593 shares of the specialty retailer’s stock valued at $325,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in Barnes & Noble Education in the fourth quarter valued at about $878,000. Institutional investors own 61.07% of the company’s stock.
About Barnes & Noble Education (Get Rating)
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. 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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