Barnes & Noble Education (NYSE:BNED - Get Free Report) posted its quarterly earnings data on Monday. The specialty retailer reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12, Zacks reports. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%. The company had revenue of $466.33 million during the quarter, compared to analysts' expectations of $467.97 million.
Barnes & Noble Education Stock Performance
Barnes & Noble Education stock traded up $0.18 during mid-day trading on Thursday, reaching $8.75. The company's stock had a trading volume of 581,922 shares, compared to its average volume of 419,980. The business has a 50 day moving average price of $10.44 and a 200-day moving average price of $10.51. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. Barnes & Noble Education has a twelve month low of $6.05 and a twelve month high of $135.00. The firm has a market cap of $297.80 million, a price-to-earnings ratio of -0.26 and a beta of 2.23.
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 holdings in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 1,412.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,139 shares of the specialty retailer's stock after purchasing an additional 5,733 shares during the quarter. Bank of America Corp DE's holdings in Barnes & Noble Education were worth $62,000 as of its most recent filing with the SEC. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Barnes & Noble Education from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st.
Get Our Latest Stock Analysis on BNED
About Barnes & Noble Education
(
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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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