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

Barnes & Noble Education (NYSE:BNED) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Barnes & Noble Education Stock Performance

Barnes & Noble Education stock opened at $9.75 on Thursday. The stock’s 50 day moving average price is $9.88 and its 200 day moving average price is $14.49. The firm has a market capitalization of $266.08 million, a PE ratio of 0.94 and a beta of 2.10. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.42 and a current ratio of 1.23. Barnes & Noble Education has a one year low of $6.05 and a one year high of $226.00.

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

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors have recently made changes to their positions in the business. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education in the 2nd quarter valued at approximately $496,000. Geode Capital Management LLC increased its holdings in shares of Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares during the last quarter. State Street Corp increased its holdings 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 acquiring an additional 10,300 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Barnes & Noble Education in the 3rd quarter valued at approximately $169,000. Finally, Virtu Financial LLC bought a new stake in shares of Barnes & Noble Education in the 1st quarter valued at approximately $56,000. 38.51% of the stock is owned by institutional investors and hedge funds.

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.