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Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 1,510,000 shares, a decrease of 35.7% from the June 30th total of 2,350,000 shares. Based on an average daily trading volume, of 686,600 shares, the days-to-cover ratio is presently 2.2 days. Currently, 5.0% of the shares of the company are short sold.
Analysts Set New Price Targets
Several research firms have recently weighed in on BNED. StockNews.com raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Needham & Company LLC lowered their price target on Barnes & Noble Education to $4.00 in a report on Monday, July 4th. Finally, Craig Hallum lowered their price target on Barnes & Noble Education to $5.00 in a report on Monday, July 4th.
Barnes & Noble Education Trading Down 1.5 %
NYSE:BNED opened at $2.71 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.57. The firm has a market capitalization of $141.04 million, a price-to-earnings ratio of -1.98 and a beta of 2.05. Barnes & Noble Education has a one year low of $2.00 and a one year high of $12.01. The business has a fifty day moving average price of $2.71 and a 200-day moving average price of $3.80.
Institutional Investors Weigh In On Barnes & Noble Education
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd purchased a new stake in Barnes & Noble Education in the 1st quarter worth $27,000. Nisa Investment Advisors LLC purchased a new stake in Barnes & Noble Education in the 4th quarter worth $39,000. Syntax Advisors LLC purchased a new stake in Barnes & Noble Education in the 1st quarter worth $42,000. Graham Capital Management L.P. purchased a new stake in Barnes & Noble Education in the 1st quarter worth $64,000. Finally, Walleye Trading LLC increased its stake in Barnes & Noble Education by 83.6% in the 1st quarter. Walleye Trading LLC now owns 18,737 shares of the specialty retailer’s stock worth $67,000 after buying an additional 8,530 shares in the last quarter. 61.07% of the stock is currently owned by hedge funds and other institutional investors.
Barnes & Noble Education Company Profile
(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 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.
Further Reading
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