Zacks Investment Research lowered shares of Barnes & Noble Education, Inc (NYSE:BNED) from a hold rating to a strong sell rating in a research report released on Tuesday.

According to Zacks, “Barnes & Noble Education, Inc. is engaged in creating and operating campus bookstores for academic institutions under multi-year management service agreements. The Company’s products and services include Textbook and Course Material Sales, Textbook and Course Material Rentals, General Merchandise, Trade, Digital Education Platform, e-commerce Platform, FacultyEnlight, Campus Connect Technologies platform and Flexible Course Fee Solution. It operates primarily in the United States. Barnes & Noble Education, Inc. is based in Basking Ridge, United States. “

Several other equities analysts have also issued reports on BNED. ValuEngine raised shares of Barnes & Noble Education from a sell rating to a hold rating in a report on Monday, October 2nd. BidaskClub raised shares of Barnes & Noble Education from a strong sell rating to a sell rating in a report on Wednesday, September 27th. TheStreet lowered shares of Barnes & Noble Education from a c- rating to a d+ rating in a report on Wednesday, August 23rd. Craig Hallum reissued a buy rating and issued a $10.00 price target (down previously from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. Finally, BWS Financial reissued a buy rating and issued a $14.00 price target on shares of Barnes & Noble Education in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $10.92.

Barnes & Noble Education (BNED) traded down $0.28 on Tuesday, hitting $5.28. 235,860 shares of the stock traded hands, compared to its average volume of 255,328.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. During the same period last year, the firm earned ($0.60) EPS. Barnes & Noble Education’s quarterly revenue was up 48.7% on a year-over-year basis. equities research analysts expect that Barnes & Noble Education will post 0.5 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Barnes & Noble Education by 0.5% in the 1st quarter. Wells Fargo & Company MN now owns 36,915 shares of the specialty retailer’s stock worth $354,000 after purchasing an additional 190 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Barnes & Noble Education by 48.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,978 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 9,437 shares during the period. Bank of New York Mellon Corp boosted its stake in Barnes & Noble Education by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 473,824 shares of the specialty retailer’s stock worth $4,543,000 after purchasing an additional 7,649 shares during the period. Karp Capital Management Corp acquired a new position in Barnes & Noble Education in the 1st quarter worth $114,000. Finally, Ameriprise Financial Inc. boosted its stake in Barnes & Noble Education by 14.6% in the 1st quarter. Ameriprise Financial Inc. now owns 224,546 shares of the specialty retailer’s stock worth $2,153,000 after purchasing an additional 28,531 shares during the period. 68.45% of the stock is owned by institutional investors.

About Barnes & Noble Education

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. 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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