Greenhaven Road Investment Manage has recently announced that it has increased stake in Barnes & Noble Education Inc (NYSE:BNED) by 0.24%. After grabbing 5.17 million shares, the institutional investor is now in possession of 12379.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.80% having worth around $5.73 million. Moreover, Royce & Associates LP increased its share by 88569.0 to have a control over 1.8 million shares. And Jacobs Levy Equity Management, In raised its holdings to 0.13 million shares by acquiring 0.62 million shares or 1.17% of the stake.
Barnes & Noble Education Inc (BNED) concluded trading on 01/10/24 at a closing price of $1.10, with 7.53 million shares of worth about $8.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.73% during that period and on Wednesday the price saw a loss of about -50.89%. Currently the company’s common shares owned by public are about 52.60M shares, out of which, 36.80M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the BNED stock and their offered price forecasts bring an average price target of $3.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $3.00. The stock’s current price level is 89.52% above of average price target set by the analysts, while a rise to estimated low would result in gain of 63.33% for the stock. However, touching the estimated high of $4.00 would mean a gain of 72.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 380,761 shares in 4 of the transactions. In 12 selling transactions, insiders dumped 473,732 shares.
Vanguard Total Stock Market ETF, Royce Small-Cap Opportunity Fund, and FTGF plc – Royce US Small Cap Opp are the top 3 mutual funds which are holding stakes in Barnes & Noble Education Inc Vanguard Total Stock Market ETF is currently holding 1.15 million shares of worth totaling $1.28 million. The company recently came buying 0.0 shares which brought its stake up to 2.19% of the company’s outstanding shares. Royce Small-Cap Opportunity Fund bought 0.16 million shares, after which its hold over company’s outstanding shares expand to 2.13%, leaving 1.12 million shares with the mutual fund that have a worth of about $1.25 million. FTGF plc – Royce US Small Cap Opp, after buying 0.59 million shares, have now control over 1.11% of the stake in the company. It holds 94928.0 shares of worth $0.65 million.
Barnes & Noble Education Inc (NYSE: BNED) started trading at $2.20, below -$0.04 from concluding price of the previous day. Stock saw a price change of -27.63% in past 5 days and over the past one month there was a price change of -10.57%. Year-to-date (YTD), BNED shares are showing a performance of -26.17% which decreased to -42.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.75 but also hit the highest price of $2.52 during that period. The average intraday trading volume for Barnes & Noble Education Inc shares is 488.22K. The stock is currently trading -23.42% below its 20-day simple moving average (SMA20), while that difference is down -13.10% for SMA50 and it goes to -16.05% lower than SMA200.
Greenhaven Road Investment Manage acquired 5.17 million shares of Barnes & Noble Education Inc having value of about $5.73 million. Data submitted at the U.S SEC by Greenhaven Road Investment Manage revealed that the firm now holds 12379.0 shares in the company valued at close to $13616.9, or have control over 0.24% stake in the company. Barnes & Noble Education Inc (NYSE: BNED) currently have 52.60M outstanding shares and institutions hold larger chunk of about 28.83% of that. Holding of mutual funds in the company is about 44.63% while other institutional holders and individual stake holders have control over 9.23% and 19.85% of the stake respectively.
The stock has a current market capitalization of $58.47M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$1.86 in the same period. It has Quick Ratio of 0.48 while making debt-to-equity ratio of 4.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BNED, volatility over the week remained 36.10% while standing at 15.33% over the month.
Analysts are in expectations that Barnes & Noble Education Inc (BNED) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is -$0.36 and it is -$0.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.97% while it is estimated to increase by 38.10% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of 18.50% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Barnes & Noble Education Inc (BNED)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on March 10, 2021 offering a Buy rating for the stock and assigned a target price range of between $5 and $9 to it.
