Barnes & Noble Education (NYSE:BNED) Upgraded by Zacks Research to Hold Rating

Barnes & Noble Education (NYSE:BNEDGet Free Report) was upgraded by Zacks Research to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on BNED. Northland Securities assumed coverage on shares of Barnes & Noble Education in a report on Wednesday. They issued an “outperform” rating and a $17.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.00.

Get Our Latest Stock Analysis on BNED

Barnes & Noble Education Price Performance

NYSE BNED opened at $11.13 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $9.24. The company has a market cap of $381.62 million, a P/E ratio of -34.77 and a beta of 1.32. Barnes & Noble Education has a 1 year low of $5.90 and a 1 year high of $12.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of Barnes & Noble Education by 261.1% in the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 2,872 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Barnes & Noble Education by 205.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,910 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 5,733 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of Barnes & Noble Education in the 1st quarter valued at about $73,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $96,000. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

(Get Free Report)

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.

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