Barnes & Noble Education’s (BNED) Hold Rating Reiterated at Needham & Company LLC

Barnes & Noble Education (NYSE:BNED)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports.

A number of other analysts have also recently issued reports on BNED. Craig Hallum reiterated a “hold” rating and set a $1.25 target price (down previously from $3.00) on shares of Barnes & Noble Education in a report on Thursday, January 11th. StockNews.com cut Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Thursday, December 28th.

Barnes & Noble Education Trading Down 4.7 %

BNED traded down $0.01 during midday trading on Wednesday, hitting $0.24. The company’s stock had a trading volume of 5,676,676 shares, compared to its average volume of 1,490,176. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.66 million, a P/E ratio of -0.15 and a beta of 1.81. The firm has a 50-day moving average price of $0.74 and a two-hundred day moving average price of $0.99. Barnes & Noble Education has a 52-week low of $0.18 and a 52-week high of $2.26.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%. The firm 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 stock. Greenhaven Road Investment Management L.P. boosted its holdings in Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after acquiring an additional 90,003 shares during the period. Vanguard Group Inc. boosted its holdings in Barnes & Noble Education by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,442,583 shares of the specialty retailer’s stock worth $8,744,000 after acquiring an additional 86,536 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Barnes & Noble Education by 34.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,452,248 shares of the specialty retailer’s stock valued at $2,541,000 after purchasing an additional 374,083 shares in the last quarter. State Street Corp raised its position in shares of Barnes & Noble Education by 6.7% in the 1st quarter. State Street Corp now owns 1,136,020 shares of the specialty retailer’s stock valued at $4,067,000 after purchasing an additional 71,491 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Barnes & Noble Education by 390.7% in the 2nd quarter. Millennium Management LLC now owns 774,889 shares of the specialty retailer’s stock valued at $2,270,000 after purchasing an additional 616,984 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

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.