Needham & Company LLC Cuts Barnes & Noble Education (NYSE:BNED) Price Target to $4.00


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.

(Ad)

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!

When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

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.

Read More

Stock Target Advisor logo

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Barnes & Noble Education right now?

Before you consider Barnes & Noble Education, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Barnes & Noble Education wasn’t on the list.

While Barnes & Noble Education currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

.

Leave a Comment