Barnes & Noble Education, Inc (NYSE:BNED) Stock Rating Lowered by BWS Financial

Barnes & Noble Education, Inc (NYSE:BNED) was downgraded by investment analysts at BWS Financial from a “stong buy” rating to a “buy” rating in a research note issued on Thursday, July 13th.

Several other research analysts have also weighed in on BNED. 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. BidaskClub lowered shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, ValuEngine lowered shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.

Shares of Barnes & Noble Education (BNED) opened at 6.84 on Thursday. Barnes & Noble Education has a 52 week low of $6.46 and a 52 week high of $13.15. The stock’s 50 day moving average is $8.50 and its 200 day moving average is $9.55. The stock has a market capitalization of $318.17 million, a PE ratio of 62.18 and a beta of 0.88.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The company had revenue of $342.80 million during the quarter, compared to analyst estimates of $310.58 million. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. Analysts anticipate that Barnes & Noble Education will post $0.30 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in BNED. Vanguard Group Inc. raised its position in shares of Barnes & Noble Education by 5.3% in the second quarter. Vanguard Group Inc. now owns 3,391,895 shares of the specialty retailer’s stock valued at $36,055,000 after buying an additional 171,391 shares during the period. State Street Corp raised its position in shares of Barnes & Noble Education by 11.9% in the fourth quarter. State Street Corp now owns 906,656 shares of the specialty retailer’s stock valued at $10,403,000 after buying an additional 96,430 shares during the period. Vivaldi Asset Management LLC acquired a new position in shares of Barnes & Noble Education during the second quarter valued at approximately $6,758,000. Vivaldi Capital Management LLC acquired a new position in shares of Barnes & Noble Education during the first quarter valued at approximately $5,375,857,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Barnes & Noble Education by 35.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 534,090 shares of the specialty retailer’s stock valued at $5,678,000 after buying an additional 140,561 shares during the period. Institutional investors own 68.85% 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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