Barnes & Noble Education (NYSE:BNED - Get Free Report) released its earnings results on Monday. The specialty retailer reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12, Zacks reports. Barnes & Noble Education had a negative return on equity of 6.95% and a negative net margin of 5.57%. The firm had revenue of $466.33 million for the quarter, compared to analysts' expectations of $467.97 million.
Barnes & Noble Education Stock Performance
Barnes & Noble Education stock traded up $0.18 during trading hours on Thursday, hitting $8.75. The company had a trading volume of 581,922 shares, compared to its average volume of 419,980. The firm has a 50-day moving average of $10.44 and a 200 day moving average of $10.51. The firm has a market cap of $297.80 million, a PE ratio of -0.26 and a beta of 2.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. Barnes & Noble Education has a one year low of $6.05 and a one year high of $135.00.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Barnes & Noble Education from a "sell" rating to a "hold" rating in a research note on Tuesday, January 21st.
Read Our Latest Research Report on BNED
Institutional Trading of Barnes & Noble Education
An institutional investor recently raised its position in Barnes & Noble Education stock. Bank of America Corp DE lifted its position in shares of Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 1,412.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,139 shares of the specialty retailer's stock after acquiring an additional 5,733 shares during the quarter. Bank of America Corp DE's holdings in Barnes & Noble Education were worth $62,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.51% of the company's stock.
About Barnes & Noble Education
(
Get Free Report)
Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.
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