Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.81 and traded as low as $10.60. Barnes & Noble Education shares last traded at $11.12, with a volume of 303,746 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com raised shares of 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
Barnes & Noble Education Stock Performance
The stock has a market cap of $338.29 million, a price-to-earnings ratio of -0.33 and a beta of 2.12. The firm's 50-day moving average is $10.88 and its two-hundred day moving average is $10.61. 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 (NYSE:BNED - Get Free Report) last announced its earnings results on Monday, December 9th. The specialty retailer reported $1.91 EPS for the quarter. Barnes & Noble Education had a negative return on equity of 6.95% and a negative net margin of 5.57%.
Institutional Trading of Barnes & Noble Education
Several large investors have recently bought and sold shares of the business. Kanen Wealth Management LLC lifted its stake 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 worth $23,748,000 after purchasing an additional 784,576 shares in the last quarter. Geode Capital Management LLC lifted its position in Barnes & Noble Education by 104.0% during 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. State Street Corp boosted its stake in Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock worth $328,000 after buying an additional 10,300 shares during the last quarter. Centiva Capital LP acquired a new position in Barnes & Noble Education during the third quarter worth $169,000. Finally, FNY Investment Advisers LLC purchased a new stake in Barnes & Noble Education in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 38.51% of the company's stock.
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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