Barnes & Noble Education Inc (BNED) Sets All-Time Low; Strong Momentum for Sellers

Geronimo Vena
Luglio 14, 2017

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, July 12th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BidaskClub lowered Barnes & Noble Education from a "buy" rating to a "hold" rating in a report on Tuesday. Arizona State Retirement System boosted its stake in Barnes & Noble Education by 2.0% in the first quarter. Karp Capital Management Corp bought a new stake in shares of Barnes & Noble Education during the first quarter valued at $114,000. Previously Barnes & Noble Education Inc C (NYSE:BNED) reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $-0.07 with surprise factor of -46.7%. The company has a market cap of $411.06 million, a PE ratio of 177.00 and a beta of 1.03. Thrivent Financial for Lutherans now owns 21,097 shares of the specialty retailer's stock valued at $242,000 after buying an additional 1,410 shares in the last quarter.

Barnes & Noble Education Inc C (NYSE:BNED) has average revenue estimates of $360.1 Million, compared to low analyst estimates of $360.1 Million and high estimates of $360.1 Million for the current quarter. Company shares last traded at $7.97 marginally under $9.95, the 50 day moving average and just below the 200 day moving average of $10.31.

Barnes & Noble Education, Inc.is a contract operator of bookstores on college and university campuses across the United States and a well-known provider of digital education services. Lucus Advisors LLC acquired a new position in Barnes & Noble Education during the first quarter valued at approximately $116,000. The company's revenue was up 16.3% on a year-over-year basis.

Barnes & Noble Education Inc C (NYSE:BNED)'s trailing twelve month revenues are $1.83 Billion, whereas its price to sales ratio for the same period is 0.24. Wells Fargo & Company MN increased its stake in shares of Barnes & Noble Education by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the specialty retailer's stock valued at $151,000 after buying an additional 300 shares during the period. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post $0.31 EPS for the current year. The value of the investment in Barnes & Noble Education, Inc decreased from $902,000 to $730,000 a change of 19.1% for the reporting period.

Barnes & Noble Education Inc C (NYSE:BNED) 52-week high price stands at $13.15 and low price stands at $8.75, its price distance from 52-week high is -32.4% while its distance from 52-week low price is 1.6%. If you are accessing this story on another domain, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark laws.

On the other hand Barnes & Noble Education Inc C (NYSE:BNED) has Relative Strength Index (RSI 14) of 31.04 along with Average True Range (ATR 14) of 0.52. Finally, BWS Financial reiterated a "strong-buy" rating and set a $14.00 target price on shares of Barnes & Noble Education in a research report on Wednesday, April 5th. 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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