Barnes & Noble Education, Inc (NYSE:BNED) Downgraded by BWS Financial to Buy

BWS Financial downgraded shares of Barnes & Noble Education, Inc (NYSE:BNED) from a stong buy rating to a buy rating in a research note published on Thursday.

Several other analysts have also recently commented on the stock. ValuEngine cut shares of Barnes & Noble Education from a hold rating to a sell rating in a research note on Thursday. BidaskClub cut shares of Barnes & Noble Education from a buy rating to a hold rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Barnes & Noble Education from a sell rating to a hold rating in a research note on Tuesday, May 2nd.

Shares of Barnes & Noble Education (NYSE BNED) traded up 0.39% during midday trading on Thursday, hitting $7.79. The company had a trading volume of 603,430 shares. Barnes & Noble Education has a 1-year low of $7.61 and a 1-year high of $13.15. The firm has a market capitalization of $362.36 million, a P/E ratio of 70.82 and a beta of 1.02. The stock has a 50 day moving average price of $9.95 and a 200 day moving average price of $10.31.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by $0.10. The company had revenue of $342.80 million during the quarter, compared to analysts’ expectations of $310.58 million. Barnes & Noble Education had a return on equity of 1.15% and a net margin of 0.29%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, equities analysts anticipate that Barnes & Noble Education will post $0.31 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Barnes & Noble Education by 542.8% in the second quarter. Bank of Montreal Can now owns 88,804 shares of the specialty retailer’s stock valued at $944,000 after buying an additional 74,988 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Barnes & Noble Education by 38.5% in the first quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 3,675 shares during the last quarter. Bank of America Corp DE increased its position in shares of Barnes & Noble Education by 121.3% in the first quarter. Bank of America Corp DE now owns 65,691 shares of the specialty retailer’s stock valued at $630,000 after buying an additional 36,010 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Barnes & Noble Education by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 393,529 shares of the specialty retailer’s stock valued at $3,774,000 after buying an additional 30,956 shares during the last quarter. Finally, Lucus Advisors LLC purchased a new position in shares of Barnes & Noble Education during the first quarter valued at approximately $116,000. Hedge funds and other institutional investors own 68.61% of the company’s stock.

About Barnes & Noble Education

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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