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Needham & Company LLC Cut Barnes & Noble Education (NYSE:BNED) Price Target to $4.00

Barnes & Noble Education (NYSE:BNED – Get Rating ) Stock Target Advisors reported that research analysts at Needham & Company LLC dropped their target price on the stock to $4.00 in a research report issued on Monday. Needham & Company LLC’s price target would indicate a potential upside of 35.59% from the company’s previous close.

Several other brokerages have also recently issued reports on BNED. TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a report on Wednesday, March 9th. StockNews.com cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Craig Hallum dropped their price objective on shares of Barnes & Noble Education to $5.00 in a report on Monday.

Shares of NYSE:BNED traded up $0.02 during midday trading on Monday, hitting $2.95. 44,498 shares of the company exchanged hands, compared to its average volume of 720,679. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average is $2.69 and its two hundred day moving average is $4.31. Barnes & Noble Education has a one year low of $2.00 and a one year high of $12.01. The stock has a market cap of $153.54 million, a PE ratio of -2.15 and a beta of 2.05.

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Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in Barnes & Noble Education during the 3rd quarter valued at $249,000. Cubist Systematic Strategies LLC boosted its position in Barnes & Noble Education by 65.8% in the third quarter. Cubist Systematic Strategies LLC now owns 47,574 shares of the specialty retailer’s stock valued at $475,000 after purchasing an additional 18,882 shares during the period. Thrivent Financial for Lutherans raised its position in Barnes & Noble Education by 11.6% in the third quarter. Thrivent Financial for Lutherans now owns 29,074 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 3,033 shares during the period. Comerica Bank boosted its stake in Barnes & Noble Education by 8.8% in the third quarter. Comerica Bank now owns 32,593 shares of the specialty retailer’s stock valued at $325,000 after buying an additional 2,646 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in Barnes & Noble Education in the fourth quarter valued at about $878,000. Institutional investors hold 61.07% of the company’s shares.

Barnes and Noble on education (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 divisions: 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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