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

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

Barnes & Noble Education Price Performance

NYSE:BNED opened at $10.34 on Thursday. The firm’s fifty day moving average price is $9.85 and its two-hundred day moving average price is $14.46. 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 company has a market cap of $282.14 million, a P/E ratio of 0.99 and a beta of 2.10. 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) earnings per share for the quarter. The company had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%.

Institutional Trading of Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in BNED. Geode Capital Management LLC lifted its holdings in shares of 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 worth $1,416,000 after buying an additional 77,932 shares in the last quarter. State Street Corp increased its position in Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 10,300 shares during the period. Centiva Capital LP acquired a new stake in Barnes & Noble Education in the 3rd quarter worth about $169,000. DCF Advisers LLC bought a new stake in Barnes & Noble Education in the 2nd quarter valued at about $496,000. Finally, Virtu Financial LLC acquired a new position in shares of Barnes & Noble Education during the 1st quarter worth approximately $56,000. 38.51% of the stock is currently owned by 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.