Shares of Barnes & Noble Education (NYSE:BNED) have been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.00.
Separately, ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.
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Shares of NYSE:BNED traded down $0.27 during midday trading on Wednesday, hitting $6.25. 287,490 shares of the stock were exchanged, compared to its average volume of 339,673. The company has a current ratio of 1.29, a quick ratio of 0.46 and a debt-to-equity ratio of 0.25. Barnes & Noble Education has a 52-week low of $6.22 and a 52-week high of $6.57. The firm has a market cap of $306.82 million, a price-to-earnings ratio of 56.82 and a beta of 0.35.
Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported ($6.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($6.11). Barnes & Noble Education had a negative return on equity of 41.88% and a negative net margin of 12.31%. The firm had revenue of $603.39 million for the quarter, compared to analysts’ expectations of $595.83 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Barnes & Noble Education’s revenue was up 15.7% on a year-over-year basis.
In other Barnes & Noble Education news, major shareholder Abrams Capital Management, L.P sold 124,101 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $8.01, for a total transaction of $994,049.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.46% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in Barnes & Noble Education by 1.5% during the first quarter. BlackRock Inc. now owns 4,898,995 shares of the specialty retailer’s stock worth $33,754,000 after buying an additional 74,701 shares during the last quarter. Millennium Management LLC increased its position in Barnes & Noble Education by 491.7% during the fourth quarter. Millennium Management LLC now owns 1,274,744 shares of the specialty retailer’s stock worth $10,504,000 after buying an additional 1,059,294 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Barnes & Noble Education by 11.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 884,048 shares of the specialty retailer’s stock worth $6,092,000 after buying an additional 90,635 shares during the last quarter. American Century Companies Inc. acquired a new position in Barnes & Noble Education during the first quarter worth $3,328,000. Finally, TIAA CREF Investment Management LLC increased its position in Barnes & Noble Education by 20.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 417,581 shares of the specialty retailer’s stock worth $3,441,000 after buying an additional 70,221 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.
About Barnes & Noble Education
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and private/parochial K-12 schools in the United States. The company operates in two segments, Barnes & Noble College and MBS Textbook Exchange. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as etextbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.