In yesterday’s Wall Street session, Barnes & Noble Education Inc. (NYSE:BNED) shares traded at $2.06, up 25.61% from the previous session.
As of this writing, 2 analysts cover 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 $3.00, we find $3.50. Given the previous closing price of $1.64, this indicates a potential upside of 113.41 percent. BNED stock price is now 50.39% away from the 50-day moving average and 5.37% away from the 200-day moving average. The market capitalization of the company currently stands at $101.33M.
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $3.50 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).
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 $2.06 million. Insiders disposed of 587,893 shares of company stock worth roughly $1.21 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 CITADEL ADVISORS LLC during the first quarter worth $225,000. JANE STREET GROUP, LLC invested $161,000 in shares of BNED during the first quarter. In the first quarter, AMERIPRISE FINANCIAL INC acquired a new stake in Barnes & Noble Education Inc. valued at approximately $49,000. PRUDENTIAL FINANCIAL INC acquired a new stake in BNED for approximately $46,000. CENTIVA CAPITAL, LP purchased a new stake in BNED valued at around $46,000 in the second quarter. In total, there are 95 active investors with 51.90% ownership of the company’s stock.
Thursday morning saw Barnes & Noble Education Inc. (NYSE: BNED) opened at $1.6100. During the past 12 months, Barnes & Noble Education Inc. has had a low of $0.99 and a high of $3.22. As of last week, the company has a debt-to-equity ratio of 1.62, a current ratio of 1.30, and a quick ratio of 0.60. The fifty day moving average price for BNED is $1.3816 and a two-hundred day moving average price translates $1.9522 for the stock.
The latest earnings results from Barnes & Noble Education Inc. (NYSE: BNED) was released for Jan, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.48, missing analysts’ expectations of -$0.07 by -0.41. This compares to -$0.71 EPS in the same period last year. The net profit margin was -4.10% and return on equity was -33.70% for BNED. The company reported revenue of $447.06 million for the quarter, compared to $402.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.99 percent. For the current quarter, analysts expect BNED to generate $215.94M 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.
