Barnes and Noble Reports Nook is Profitable - Q1 2018

Barnes and Noble Reports Nook is Profitable - Q1 2018

Company chares are trading at $5.73 significantly below the 50 day moving average which is $7.49 and well below the 200 day moving average of $9.31. RBC Capital Markets maintained it with "Sell" rating and $2500 target in Wednesday, July 12 report.

Several research firms have commented on BNED.

Barnes & Noble Education, Inc's P/E ratio is 52.73 and market cap is 269.79M. TheStreet downgraded shares of Barnes & Noble Education from a "c-" rating to a "d+" rating in a research note on Wednesday, August 23rd. Lastly, Research Firm Zacks boosted Barnes & Noble from a "hold" recommendation to a "buy" recommendation and fixed a $8.50 price target for The corporation in a study report on early Tue, Jul 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. In a transaction dated October 10, 2016, the shares were put up for sale at an average price of $10.79, raking in a sum of $103,800.

Shares of Barnes & Noble Education (BNED) traded up 2.50% during trading on Thursday, hitting $5.33. Strs Ohio now owns 81,200 shares of the specialty retailer's stock worth $751,000 after acquiring an additional 14,700 shares in the last quarter. The stock's 50 day moving average is $7.57 and its 200-day moving average is $8.10. The company has market cap of $569.99 million. Barnes & Noble Education Inc has a 12-month low of $5.03 and a 12-month high of $13.15. Analysts expect next quarter's EPS to be $0.17 and the next full year EPS is projected to be $0.40. The company's sales was down 6.7% compared with the same period in the prior year. During the same quarter in the previous year, the firm posted ($0.60) EPS.

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What Historical Figures Say About Barnes & Noble, Inc. Teachers Advisors LLC owned 0.16% of Barnes & Noble Education worth $695,000 at the end of the most recent reporting period.

Luminus Management Llc decreased Black Hills Corp (BKH) stake by 97.33% reported in 2016Q4 SEC filing. JPMorgan Chase & Co. grew its holdings in shares of Barnes & Noble Education by 39,054.6% during the first quarter. The biggest holder now is Mr. Leonard Riggio who owns 7,594,591 shares (10.46% of those outstanding), whilst Mr. William J. Lynch, Jr holds 846,811 (1.17% of shares outstanding) and Ronald D. Boire holds 511,638 (0.70% of shares outstanding). It increased, as 19 investors sold Barnes & Noble, Inc. shares while 47 reduced holdings. Finally, Strs Ohio lifted its position in shares of Barnes & Noble by 22.1% during the first quarter. Thrivent Financial For Lutherans now owns 202,737 shares of the specialty retailer's stock worth $2,155,000 after purchasing an additional 180,880 shares during the last quarter.

Investors of this company earned a return of 1.00% on the assets it owns in past twelve month. The correct version of this story can be read at https://baseballnewssource.com/markets/teachers-advisors-llc-has-695000-position-in-barnes-noble-education-inc-bned/1592246.html.

Neil Saunders, managing director of GlobalData Retail, commented that Nook's losses are a drag on the company resources, and it is time for the Barnes & Noble to scrap Nook and focus on developing a better online platform and apps to support its business.

Barnes & Noble Education, Inc.is a contract operator of bookstores on college and university campuses across the United States and a well-known provider of digital education services.

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