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.
Barnes & Noble Education Trading Up 2.1 %
Shares of BNED Stock traded up $0.06 on Friday, reaching $2.91. 220,305 shares of the stock were exchanged, compared to its average volume of 231,622. The stock has a market cap of $151.47 million, a P/E ratio of -2.12 and a beta of 1.93. The company has a quick ratio of 0.57, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $2.77 and a two-hundred day moving average of $3.57. Barnes & Noble Education has a 1-year low of $2.00 and a 1-year high of $12.01.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Craig Hallum cut their price target on Barnes & Noble Education to $5.00 in a report on Monday, July 4th. Needham & Company LLC cut their price target on Barnes & Noble Education to $4.00 in a report on Monday, July 4th. Finally, StockNews.com upgraded Barnes & Noble Education from a "sell" rating to a "hold" rating in a report on Wednesday, July 20th.