Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.59 and traded as low as $2.50. Barnes & Noble Education shares last traded at $2.56, with a volume of 71,378 shares changing hands.
Wall Street Analysts Forecast Growth
BNED has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Barnes & Noble Education in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Needham & Company LLC decreased their price target on shares of Barnes & Noble Education to $4.00 in a research report on Monday, July 4th. Finally, Craig Hallum decreased their price target on shares of Barnes & Noble Education to $5.00 in a research report on Monday, July 4th.
Get Barnes & Noble Education alerts:Barnes & Noble Education Trading Down 1.5 %
The business has a fifty day moving average of $2.59 and a 200-day moving average of $2.76. The stock has a market capitalization of $134.01 million, a price-to-earnings ratio of -1.68 and a beta of 1.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.09 and a quick ratio of 0.32.
Hedge Funds Weigh In On Barnes & Noble Education
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Barnes & Noble Education by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,442,583 shares of the specialty retailer's stock valued at $8,744,000 after acquiring an additional 86,536 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Barnes & Noble Education by 13.2% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 2,360,813 shares of the specialty retailer's stock valued at $8,452,000 after buying an additional 275,045 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Barnes & Noble Education by 10.2% during the 1st quarter. Royce & Associates LP now owns 1,968,420 shares of the specialty retailer's stock valued at $7,047,000 after buying an additional 182,249 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Barnes & Noble Education by 36.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,538,632 shares of the specialty retailer's stock valued at $4,505,000 after buying an additional 415,106 shares during the last quarter. Finally, Towerview LLC lifted its holdings in Barnes & Noble Education by 19.4% in the 2nd quarter. Towerview LLC now owns 1,505,000 shares of the specialty retailer's stock worth $4,410,000 after purchasing an additional 245,000 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company's stock.Barnes & Noble Education Company Profile
(Get Rating)
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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