TheStreet downgraded shares of Barnes & Noble Education, Inc (NYSE:BNED) from a c- rating to a d+ rating in a research note published on Wednesday morning.

A number of other analysts also recently issued reports on BNED. Zacks Investment Research downgraded Barnes & Noble Education from a buy rating to a hold rating in a research report on Wednesday, August 9th. ValuEngine cut Barnes & Noble Education from a hold rating to a sell rating in a report on Thursday, July 13th. BidaskClub cut Barnes & Noble Education from a hold rating to a sell rating in a report on Wednesday, July 19th. Finally, BWS Financial cut Barnes & Noble Education from a stong buy rating to a buy rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $11.38.

Barnes & Noble Education (NYSE BNED) opened at 6.98 on Wednesday. Barnes & Noble Education has a 52 week low of $6.46 and a 52 week high of $13.15. The firm has a market cap of $324.68 million, a PE ratio of 63.45 and a beta of 0.88. The stock has a 50 day moving average of $7.49 and a 200-day moving average of $9.31.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Wednesday, July 12th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.10. The business had revenue of $342.80 million for the quarter, compared to the consensus estimate of $310.58 million. Barnes & Noble Education had a net margin of 0.29% and a return on equity of 1.15%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. Analysts expect that Barnes & Noble Education will post $0.32 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp acquired a new position in Barnes & Noble Education during the first quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 9,000 shares in the last quarter. Lucus Advisors LLC purchased a new stake in Barnes & Noble Education during the first quarter valued at $116,000. Russell Investments Group Ltd. raised its stake in Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 1,980 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in 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 in the last quarter. 68.95% of the stock is currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

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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