The Barnes & Noble Education Inc. (BNED) Now Covered by BWS Financial

The Barnes & Noble Education Inc. (BNED) Now Covered by BWS Financial

Equities researchers at BWS Financial began coverage on shares of Barnes & Noble Education Inc. (NYSE:BNED) in a research note issued to investors on Tuesday. The brokerage set a “strong-buy” rating and a $14.00 price target on the stock. BWS Financial’s price objective suggests a potential upside of 41.56% from the company’s previous close.

Separately, Zacks Investment Research downgraded shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th.

Barnes & Noble Education (NYSE:BNED) opened at 9.89 on Tuesday. Barnes & Noble Education has a 12-month low of $8.15 and a 12-month high of $15.49. The company’s market cap is $455.65 million. The firm’s 50 day moving average is $10.21 and its 200 day moving average is $10.20.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by $0.02. Barnes & Noble Education had a positive return on equity of 2.22% and a negative net margin of 0.05%. The company had revenue of $239.20 million for the quarter, compared to analyst estimates of $245.58 million. During the same quarter in the previous year, the firm posted ($0.65) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Barnes & Noble Education will post $0.44 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BNED. Virginia Retirement System acquired a new position in Barnes & Noble Education during the first quarter worth about $276,000. Prudential Financial Inc. increased its position in Barnes & Noble Education by 44.0% in the first quarter. Prudential Financial Inc. now owns 127,593 shares of the company’s stock worth $1,250,000 after buying an additional 39,000 shares in the last quarter. BlackRock Fund Advisors increased its position in Barnes & Noble Education by 1.9% in the first quarter. BlackRock Fund Advisors now owns 2,298,861 shares of the company’s stock worth $22,529,000 after buying an additional 42,625 shares in the last quarter. Menta Capital LLC increased its position in Barnes & Noble Education by 188.7% in the first quarter. Menta Capital LLC now owns 51,720 shares of the company’s stock worth $507,000 after buying an additional 33,806 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new position in Barnes & Noble Education during the first quarter worth about $2,483,000. Institutional investors own 66.67% of the company’s stock.

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