Barnes & Noble Education, Inc. (NYSE:BNED)’s traded shares stood at 530,683 during the last session, with the company’s beta value hitting 2.66. At the close of trading, the stock’s price was $7.27, to imply an increase of 10.99% or $0.72 in intraday trading. The BNED share’s 52-week high remains $8.27, putting it -13.76% down since that peak but still an impressive +84.73% since price per share fell to its 52-week low of $1.11. The company has a valuation of $356.69 Million, with an average of 567.96 Million shares in intraday trading volume over the past 10 days and average of 614.55 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Barnes & Noble Education, Inc. (BNED), translating to a mean rating of 2. Of 2 analyst(s) looking at the stock, none analyst(s) give BNED a Sell rating. None of those analysts rate the stock as Overweight while no one advise Hold as 2 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.38.
Barnes & Noble Education, Inc. (NYSE:BNED) trade information
After registering a 10.99% upside in the last session, Barnes & Noble Education, Inc. (BNED) has traded red over the past five days. The stock hit a weekly high of $8.27- this Tuesday, Feb 16, jumping 12.09% in its intraday price action. The 5-day price performance for the stock is -8.09%, and 43.39% over 30 days. With these gigs, the year-to-date price performance is 56.34%. Short interest in Barnes & Noble Education, Inc. (NYSE:BNED) saw shorts transact 1.26 Million shares and set a 0 days time to cover.
Analysts on Wall Street suggest a consensus price target of $5.5, implying a decline of -24.35% to the stock’s current value. The extremes give us $5 and $6 for target low and target high price respectively. As such, BNED has been trading -17.47% off suggested target high and -31.22% from its likely low.
Barnes & Noble Education, Inc. (BNED) estimates and forecasts
Looking at statistics comparing Barnes & Noble Education, Inc. share performance against respective industry, we note that the company has underperformed competitors. Barnes & Noble Education, Inc. (BNED) shares are +218.86% up over the last 6 months. But the analysts are tempering their growth estimates for the 2021 fiscal year. Revenue is forecast to decline -850% this quarter before jumping 46.4% for the next one. The rating firms project that company’s revenue will drop -22.1% compared to the previous financial year.
An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated -32% for the past 5-year period. While 2021 is set for a -54.6% return in earnings, projections for the next 5 years are at 20% annually.
Barnes & Noble Education, Inc. (NYSE:BNED)’s Major holders
Barnes & Noble Education, Inc. insiders hold 27.52% of total outstanding shares, with institutional holders owning 58.09% of the shares at 80.14% float percentage. In total, 119 institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2020, the company held over 3.48 Million shares (or 7.09% of shares), all amounting to roughly $16.18 Million.
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The next major institution holding the largest number of shares is Dimensional Fund Advisors LP with 3.24 Million shares, or about 6.61% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $8.37 Million.