Barnes & Noble Education (BNED) Shares Gap Down to $4.47

Barnes & Noble Education Inc (NYSE:BNED)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $2.94, but opened at $4.47. Barnes & Noble Education shares last traded at $4.59, with a volume of 631868 shares traded.

Separately, ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th.

The stock has a market capitalization of $228.29 million, a price-to-earnings ratio of 3.82 and a beta of 0.35.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Tuesday, December 4th. The specialty retailer reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. The firm had revenue of $814.80 million during the quarter, compared to analyst estimates of $842.45 million. Barnes & Noble Education had a negative net margin of 11.60% and a negative return on equity of 53.16%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share.

A number of large investors have recently modified their holdings of BNED. Pacer Advisors Inc. boosted its position in Barnes & Noble Education by 409.4% during the third quarter. Pacer Advisors Inc. now owns 18,756 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 15,074 shares during the period. SG Americas Securities LLC bought a new position in shares of Barnes & Noble Education in the second quarter valued at approximately $110,000. MetLife Investment Advisors LLC bought a new position in shares of Barnes & Noble Education in the second quarter valued at approximately $110,000. Macquarie Group Ltd. boosted its position in shares of Barnes & Noble Education by 173.3% in the second quarter. Macquarie Group Ltd. now owns 20,500 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 13,000 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Barnes & Noble Education by 51.7% in the second quarter. United Services Automobile Association now owns 26,505 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 9,032 shares during the period. Hedge funds and other institutional investors own 73.97% of the company’s stock.

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Barnes & Noble Education Company Profile (NYSE:BNED)

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

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