Shares of Barnes & Noble Education Inc (NYSE:BNED) 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 changing hands.

Separately, ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th.

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.21. The firm has a market cap of $209.72 million, a P/E ratio of 3.94 and a beta of 0.35.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported $1.25 EPS for the quarter, beating the consensus estimate of $1.17 by $0.08. The firm had revenue of $814.80 million during the quarter, compared to analysts’ expectations of $842.45 million. Barnes & Noble Education had a negative return on equity of 54.42% and a negative net margin of 11.60%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS.

A number of institutional investors have recently bought and sold shares of BNED. Principal Financial Group Inc. raised its holdings in Barnes & Noble Education by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 287,669 shares of the specialty retailer’s stock valued at $1,982,000 after acquiring an additional 9,614 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Barnes & Noble Education by 168.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 160,702 shares of the specialty retailer’s stock valued at $906,000 after acquiring an additional 100,850 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Barnes & Noble Education by 144.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 319,673 shares of the specialty retailer’s stock valued at $1,803,000 after acquiring an additional 188,798 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in Barnes & Noble Education by 6.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 317,472 shares of the specialty retailer’s stock valued at $1,791,000 after acquiring an additional 18,337 shares in the last quarter. Finally, Strs Ohio raised its holdings in Barnes & Noble Education by 74.2% in the 2nd quarter. Strs Ohio now owns 113,200 shares of the specialty retailer’s stock valued at $638,000 after acquiring an additional 48,200 shares in the last quarter. 73.97% of the stock is owned by hedge funds and other institutional investors.

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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.

See Also: Moving Average (MA)

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