Barnes & Noble Education, Inc (BNED) Announces Quarterly Earnings Results

Paterniano Del Favero
Luglio 25, 2017

Public Employees Retirement System of OH raised its position in Barnes & Noble Education by 38.5% 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 during the period. Prudential Financial Inc. owned 0.14% of Barnes & Noble Education worth $623,000 as of its most recent filing with the SEC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Barnes & Noble Education by 316.8% in the first quarter. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Barnes & Noble Education by 316.8% in the first quarter.

Barnes & Noble Education, Inc (NYSE:BNED) shares hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement.

About 361,882 shares traded. The firm has a 50-day moving average of $7.16 and a 200-day moving average of $8.68. The stock has a market capitalization of $334.45 million, a P/E ratio of 65.36 and a beta of 1.02. Barnes & Noble Education Inc (NYSE:BNED) has risen 5.18% since July 24, 2016 and is uptrending. In the last earnings report the EPS was $0.11 and is projected to be $0.31 for the current year with 46,516,000 shares now outstanding. This would see Barnes & Noble attract a well-heeled private-equity firm or another retailer.

Sales at Barnes & Noble's stores have been sliding for years, hurt by competition from Amazon.com Inc, as more shoppers go online to buy cheaper products as well as for convenience. Analysts expect next quarter's EPS to be $0.82 and the next full year EPS is anticipated to be $0.49.

08/17/2016 - Barnes & Noble, Inc. was downgraded to "hold" by analysts at Gabelli.

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Several other institutional investors also recently added to or reduced their stakes in BNED. Finally, ValuEngine cut Barnes & Noble Education from a "hold" rating to a "sell" rating in a research report on Thursday, July 13th. BidaskClub downgraded Barnes & Noble Education from a "buy" rating to a "hold" rating in a report on Tuesday, July 11th. Finally, Aperio Group LLC raised its position in Barnes & Noble Education by 1.3% in the second quarter.

Activist investor Sandell Asset Management Corp on Tuesday urged USA bookstore chain operator Barnes & Noble Inc to sell itself. The Firm offers a support system, and a retail and digital learning experience for students.

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