Barnes & Noble Education (NYSE:BNED - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.
Barnes & Noble Education Stock Up 2.0 %
Barnes & Noble Education stock traded up $0.20 during trading on Thursday, reaching $9.95. The stock had a trading volume of 267,845 shares, compared to its average volume of 259,188. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. Barnes & Noble Education has a 52-week low of $6.05 and a 52-week high of $226.00. The stock has a market cap of $271.40 million, a PE ratio of 0.95 and a beta of 2.10. The business has a 50 day moving average price of $9.88 and a 200 day moving average price of $14.49.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The business had revenue of $263.43 million during the quarter.
Hedge Funds Weigh In On Barnes & Noble Education
A number of hedge funds and other institutional investors have recently made changes to their positions in BNED. Virtu Financial LLC purchased a new stake in shares of Barnes & Noble Education in the first quarter valued at about $56,000. Centiva Capital LP acquired a new stake in shares of Barnes & Noble Education in the 3rd quarter valued at approximately $169,000. State Street Corp boosted its stake in shares of Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock valued at $328,000 after buying an additional 10,300 shares in the last quarter. DCF Advisers LLC purchased a new position in Barnes & Noble Education in the second quarter worth $496,000. Finally, Geode Capital Management LLC lifted its holdings in 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 valued at $1,416,000 after acquiring an additional 77,932 shares during the period. Hedge funds and other 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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