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 Price Performance
Shares of Barnes & Noble Education stock traded down $0.10 on Wednesday, hitting $3.07. 313,138 shares of the company traded hands, compared to its average volume of 635,686. The firm's 50-day simple moving average is $2.78 and its 200 day simple moving average is $3.51. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The company has a market cap of $160.71 million, a P/E ratio of -2.24 and a beta of 1.93. Barnes & Noble Education has a 12-month low of $2.00 and a 12-month high of $12.01.
Analyst Upgrades and Downgrades
Several research analysts have commented on BNED shares. Needham & Company LLC cut their price target on shares of Barnes & Noble Education to $4.00 in a report on Monday, July 4th. StockNews.com upgraded shares of Barnes & Noble Education from a "sell" rating to a "hold" rating in a research report on Wednesday, July 20th. Finally, Craig Hallum lowered their price objective on shares of Barnes & Noble Education to $5.00 in a research report on Monday, July 4th.