Barnes & Noble Education, Inc. (BNED) Forms $7.65 Double Bottom; Echo Street Capital Management Has Increased Its Costar Group (CSGP) Position

Barnes & Noble Education, Inc. (BNED) formed double bottom with $7.19 target or 6.00% below today’s $7.65 share price. Barnes & Noble Education, Inc. (BNED) has $358.89 million valuation. The stock decreased 1.42% or $0.11 during the last trading session, reaching $7.65. About 406,804 shares traded. Barnes & Noble Education, Inc. (NYSE:BNED) has risen 5.18% since January 9, 2017 and is uptrending. It has underperformed by 11.52% the S&P500.

Echo Street Capital Management Llc increased Costar Group Inc (CSGP) stake by 116.87% reported in 2017Q3 SEC filing. Echo Street Capital Management Llc acquired 30,858 shares as Costar Group Inc (CSGP)’s stock rose 21.01%. The Echo Street Capital Management Llc holds 57,261 shares with $15.36 million value, up from 26,403 last quarter. Costar Group Inc now has $11.35 billion valuation. The stock increased 0.83% or $2.58 during the last trading session, reaching $313.97. About 143,454 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 29.48% since January 9, 2017 and is uptrending. It has outperformed by 12.78% the S&P500.

Among 9 analysts covering CoStar Group (NASDAQ:CSGP), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. CoStar Group had 16 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The stock of CoStar Group, Inc. (NASDAQ:CSGP) earned “Buy” rating by SunTrust on Friday, October 20. The stock has “Buy” rating by SunTrust on Thursday, October 26. Needham initiated the shares of CSGP in report on Monday, August 22 with “Buy” rating. The firm has “Sell” rating given on Tuesday, December 12 by J.P. Morgan. Bank of America maintained the stock with “Buy” rating in Thursday, October 5 report. As per Tuesday, December 20, the company rating was initiated by Citigroup. The firm has “Buy” rating by Needham given on Thursday, October 26.

Echo Street Capital Management Llc decreased Extra Space Storage Inc (NYSE:EXR) stake by 70,318 shares to 168,489 valued at $13.47 million in 2017Q3. It also reduced Kraft Heinz Co stake by 11,076 shares and now owns 195,401 shares. Cognizant Technology Solutio (NASDAQ:CTSH) was reduced too.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.32, from 1.1 in 2017Q2. It increased, as 19 investors sold CSGP shares while 88 reduced holdings. 57 funds opened positions while 95 raised stakes. 33.56 million shares or 9.65% more from 30.60 million shares in 2017Q2 were reported. California State Teachers Retirement Systems holds 0.03% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 53,463 shares. Kbc Nv invested 0.01% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP). Artisan Partners Ltd Partnership invested 0.06% in CoStar Group, Inc. (NASDAQ:CSGP). United Automobile Association stated it has 35,339 shares. Usa Fincl Portformulas Corporation stated it has 3,565 shares or 0.23% of all its holdings. Advisory Service Ltd Liability Com reported 0% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP). 32,255 were accumulated by Balyasny Asset Management Ltd Liability. New York-based Etrade Management Ltd Liability has invested 0.01% in CoStar Group, Inc. (NASDAQ:CSGP). Tompkins has 198 shares for 0.01% of their portfolio. 97,752 are held by Lord Abbett And Ltd Limited Liability Company. 27,546 were reported by Sumitomo Mitsui Asset Management Ltd. Tocqueville Asset Mngmt LP stated it has 0% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP). Swiss Bancshares stated it has 120,400 shares. Ls Investment Advisors Limited Liability Com holds 0.01% or 706 shares. Rice Hall James And Assoc Limited Liability holds 0.03% or 2,152 shares in its portfolio.

Among 4 analysts covering Barnes & Noble Education (NYSE:BNED), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Barnes & Noble Education has $25 highest and $10.0 lowest target. $12’s average target is 56.86% above currents $7.65 stock price. Barnes & Noble Education had 6 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Strong Buy” rating by BWS Financial given on Tuesday, October 11. On Monday, July 27 the stock rating was initiated by Craig Hallum with “Buy”. The stock of Barnes & Noble Education, Inc. (NYSE:BNED) earned “Hold” rating by Cantor Fitzgerald on Wednesday, October 7. The stock of Barnes & Noble Education, Inc. (NYSE:BNED) has “Neutral” rating given on Monday, May 9 by Sidoti. The firm has “Buy” rating by Craig Hallum given on Thursday, August 31.

Analysts await Barnes & Noble Education, Inc. (NYSE:BNED) to report earnings on February, 27. They expect $0.12 EPS, up 33.33% or $0.03 from last year’s $0.09 per share. BNED’s profit will be $5.63 million for 15.94 P/E if the $0.12 EPS becomes a reality. After $1.03 actual EPS reported by Barnes & Noble Education, Inc. for the previous quarter, Wall Street now forecasts -88.35% negative EPS growth.