Barnes & Noble Education Inc (NYSE:BNED)’s share price rose 5.1% during mid-day trading on Friday . The stock traded as high as $3.45 and last traded at $3.30, approximately 904,985 shares changed hands during trading. An increase of 66% from the average daily volume of 544,897 shares. The stock had previously closed at $3.14.
Several equities research analysts recently commented on the stock. Sidoti downgraded shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research report on Tuesday, September 17th. ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a research report on Wednesday, June 26th.
The firm’s 50-day moving average is $3.48 and its 200 day moving average is $3.66. The company has a current ratio of 1.16, a quick ratio of 0.18 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $152.82 million, a price-to-earnings ratio of 4.59 and a beta of 1.73.
Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.17. Barnes & Noble Education had a negative net margin of 0.89% and a positive return on equity of 7.23%. The business had revenue of $319.70 million for the quarter, compared to the consensus estimate of $327.57 million. During the same period last year, the company earned ($0.82) EPS. The firm’s revenue was down 5.3% compared to the same quarter last year.
In other news, EVP Kanuj Malhotra sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $4.48, for a total value of $94,080.00. Also, EVP Michael Connolly Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $3.22, for a total transaction of $32,200.00. Insiders bought a total of 1,608,531 shares of company stock worth $5,064,034 in the last 90 days. Corporate insiders own 3.12% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd lifted its position in shares of Barnes & Noble Education by 132.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 8,299 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 4,733 shares during the period. AMP Capital Investors Ltd acquired a new position in shares of Barnes & Noble Education during the 2nd quarter valued at $44,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Barnes & Noble Education during the 2nd quarter valued at $50,000. Ardsley Advisory Partners LP acquired a new position in shares of Barnes & Noble Education during the 2nd quarter valued at $57,000. Finally, Creative Planning acquired a new position in shares of Barnes & Noble Education during the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.
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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