Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report)'s stock price was down 11.5% during mid-day trading on Thursday . The stock traded as low as $11.14 and last traded at $11.51. Approximately 721,119 shares traded hands during trading, an increase of 162% from the average daily volume of 275,584 shares. The stock had previously closed at $13.01.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Thursday, November 21st.
Read Our Latest Analysis on BNED
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 0.42. The business's 50 day moving average price is $10.27 and its 200 day moving average price is $11.29. The stock has a market capitalization of $401.19 million, a P/E ratio of -0.39 and a beta of 2.10.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last posted its earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. The firm had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.
Institutional Trading of Barnes & Noble Education
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock valued at $1,416,000 after buying an additional 77,932 shares in the last quarter. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education during the second quarter valued at approximately $496,000. Centiva Capital LP purchased a new stake in shares of Barnes & Noble Education in the third quarter valued at approximately $169,000. Finally, State Street Corp grew its stake in Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock worth $328,000 after purchasing an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company's stock.
About Barnes & Noble Education
(
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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