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

StockNews.com downgraded shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research report released on Thursday morning.

Barnes & Noble Education Stock Up 2.0 %

Shares of BNED opened at $9.95 on Thursday. The stock’s 50-day moving average price is $9.88 and its 200-day moving average price is $14.49. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $271.36 million, a price-to-earnings ratio of 0.96 and a beta of 2.10. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $226.00.

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

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors and hedge funds have recently modified their holdings of BNED. Virtu Financial LLC purchased a new stake in Barnes & Noble Education in the 1st quarter worth $56,000. Centiva Capital LP acquired a new stake in shares of Barnes & Noble Education in the third quarter valued at about $169,000. State Street Corp increased its stake in shares of 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 purchasing an additional 10,300 shares in the last quarter. DCF Advisers LLC acquired a new position in shares of Barnes & Noble Education during the 2nd quarter worth about $496,000. Finally, Geode Capital Management LLC lifted its stake in 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 buying an additional 77,932 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

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.