Barnes & Noble Education (NYSE:BNED) Cut to Sell at 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 morning.

Barnes & Noble Education Price Performance

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 company has a debt-to-equity ratio of 1.54, a current ratio of 1.23 and a quick ratio of 0.42. The business’s 50-day moving average is $9.83 and its two-hundred day moving average is $14.37. Barnes & Noble Education has a 1 year low of $6.05 and a 1 year high of $226.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP purchased a new stake in Barnes & Noble Education in the third quarter valued at about $169,000. State Street Corp raised 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 valued at $328,000 after purchasing an additional 10,300 shares during the last quarter. Virtu Financial LLC acquired a new stake in Barnes & Noble Education in the 1st quarter worth approximately $56,000. DCF Advisers LLC purchased a new stake in Barnes & Noble Education during the 2nd quarter worth approximately $496,000. Finally, Geode Capital Management LLC increased its stake 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 purchasing an additional 77,932 shares in the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

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.