Barnes & Noble Education (NYSE:BNED - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday.
Barnes & Noble Education Price Performance
Shares of BNED opened at $9.75 on Thursday. The firm has a market cap of $266.08 million, a PE ratio of 0.94 and a beta of 2.10. The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54. The firm has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $14.49. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $226.00.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. The company had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock worth $1,416,000 after acquiring an additional 77,932 shares during the period. State Street Corp boosted its stake in Barnes & Noble Education by 40.9% in the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock worth $328,000 after purchasing an additional 10,300 shares during the period. Centiva Capital LP purchased a new stake in Barnes & Noble Education during the 3rd quarter valued at approximately $169,000. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education during the second quarter valued at approximately $496,000. Finally, Virtu Financial LLC purchased a new position in shares of Barnes & Noble Education in the first quarter worth $56,000. Institutional investors own 38.51% of the company's stock.
Barnes & Noble Education Company Profile
(
Get Free Report)
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. 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.
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