Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.91 and traded as high as $11.25. Barnes & Noble Education shares last traded at $11.09, with a volume of 189,190 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com raised Barnes & Noble Education from a "sell" rating to a "hold" rating in a research note on Tuesday, January 21st.
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Barnes & Noble Education Price Performance
The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. The stock has a 50 day moving average price of $10.91 and a 200 day moving average price of $10.66.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last announced its earnings results on Monday, December 9th. The specialty retailer reported $1.91 earnings per share for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.
Hedge Funds Weigh In On Barnes & Noble Education
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kanen Wealth Management LLC increased its holdings in Barnes & Noble Education by 49.6% in the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer's stock valued at $23,748,000 after acquiring an additional 784,576 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of Barnes & Noble Education by 383.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock worth $2,912,000 after purchasing an additional 230,000 shares during the last quarter. AMH Equity Ltd bought a new stake in shares of Barnes & Noble Education in the fourth quarter worth about $803,000. Geode Capital Management LLC lifted its position 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 buying an additional 77,932 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Barnes & Noble Education during the third quarter valued at approximately $169,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
Barnes & Noble Education Company Profile
(
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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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