Barnes & Noble Education (NYSE:BNED) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a report published on Thursday.

Barnes & Noble Education Stock Up 4.3 %

Shares of NYSE:BNED opened at $10.34 on Thursday. The firm has a market capitalization of $282.18 million, a PE ratio of 0.99 and a beta of 2.10. The business has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $14.19. Barnes & Noble Education has a 1 year low of $6.05 and a 1 year high of $226.00. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.23 and a quick ratio of 0.42.

Barnes & Noble Education (NYSE:BNED) last released its earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. The business had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.

Institutional Trading of Barnes & Noble Education

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Barnes & Noble Education during the first quarter valued at $56,000. DCF Advisers LLC bought a new position in Barnes & Noble Education during the 2nd quarter worth about $496,000. Centiva Capital LP purchased a new position in Barnes & Noble Education during the 3rd quarter valued at about $169,000. State Street Corp lifted its position in shares of Barnes & Noble Education by 40.9% in the 3rd 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 during the period. Finally, Geode Capital Management LLC increased its holdings 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 valued at $1,416,000 after buying an additional 77,932 shares during the period. Institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

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.