The price of Barnes & Noble Education Inc. (NYSE:BNED) shares last traded on Wall Street fell -3.37% to $1.72.
Based on available information, 2 analysts follow Barnes & Noble Education Inc. (NYSE:BNED). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $1.78, this indicates a potential upside of 124.72 percent. BNED stock price is now -17.51% away from the 50-day moving average and -29.98% away from the 200-day moving average. The market capitalization of the company currently stands at $92.83M.
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Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target enhanced from $5 to $9, Needham maintained Buy rating for Barnes & Noble Education Inc. (NYSE: BNED). On September 04, 2020, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $2.50 to quote $4, while ‘Sidoti’ rates the stock as ‘Neutral’.
In other news, HUSEBY MICHAEL, CEO bought 17,500 shares of the company’s stock on Dec 08. The stock was bought for $25,200 at an average price of $1.44. Upon completion of the transaction, the CEO now directly owns 1,002,408 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28, Director LEVENICK ZACHARY bought 30,000 shares of the business’s stock. A total of $108,900 was incurred on buying the stock at an average price of $3.63. This leaves the insider owning 613,045 shares of the company worth $1.05 million. Insiders disposed of 1,027,119 shares of company stock worth roughly $1.77 million over the past 1 year. A total of 5.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BNED stock. A new stake in Barnes & Noble Education Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $1,000,000. WALLEYE CAPITAL LLC invested $678,000 in shares of BNED during the first quarter. In the first quarter, JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in Barnes & Noble Education Inc. valued at approximately $558,000. WALLEYE TRADING LLC acquired a new stake in BNED for approximately $101,000. MARSHALL WACE, LLP purchased a new stake in BNED valued at around $51,000 in the second quarter. In total, there are 103 active investors with 51.90% ownership of the company’s stock.
A candlestick chart of Barnes & Noble Education Inc. (NYSE: BNED) showed a price of $1.8200 on Thursday morning. During the past 12 months, Barnes & Noble Education Inc. has had a low of $1.38 and a high of $4.45. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 1.20, and a quick ratio of 0.50. The fifty day moving average price for BNED is $2.0850 and a two-hundred day moving average price translates $2.4564 for the stock.
The latest earnings results from Barnes & Noble Education Inc. (NYSE: BNED) was released for Oct, 2022. According to the Specialty Retail Company, earnings per share came in at $0.42, missing analysts’ expectations of $0.76 by -0.34. This compares to $0.41 EPS in the same period last year. The net profit margin was -5.00% and return on equity was -36.50% for BNED. The company reported revenue of $617.1 million for the quarter, compared to $626.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.58 percent. For the current quarter, analysts expect BNED to generate $397.1M in revenue.
Barnes & Noble Education Inc.(BNED) Company Profile
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. It also offers First Day and First Day Complete access programs; BNC OER+, a turnkey solution for colleges and universities, that offers digital content, such as videos, activities, and auto-graded practice assessments; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle products, technology products, supplies, graduation products, and convenience items. In addition, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 350 college bookstores. Further, it offers direct-to-student subscription-based writing services; and bartleby, a direct-to-student subscription-based offering that includes textbook solutions, expert questions and answers, and writing and tutoring services. The company operates 805 physical college and university bookstores; 622 virtual bookstores; 8 True Spirit e-commerce websites; pop-up retail locations; 73 customized cafés and 11 stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.