Barnes & Noble Education, Inc. (NYSE:BNED – Get Free Report) stock fell below its 50-day moving average during trading on Tuesday. The stock's 50-day moving average is $0.77 and the lowest price is $0.68. Barnes & Noble Education stock traded at $0.69 on volume of 398,516 shares.
Wall Street Analysts Share Their Opinions
BNED has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Barnes & Noble Education in a report on Friday, January 12th. Craig Hulme reiterated a “hold” rating and set a price objective on shares of Barnes & Noble Education at $1.25 (down from $3.00) in a research note on Thursday, January 11th. Finally, StockNews.com lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th.
Get the latest stock analysis for Barnes & Noble Education
Barnes & Noble Education stock falls 5.0%
The company's 50 day moving average is $0.77 and its 200 day moving average is $1.01. The stock has a market capitalization of $36.46 million, a P/E ratio of -0.44 and a beta of 1.82. The company has a current ratio of 0.90, a quick ratio of 0.50, and a debt-to-equity ratio of 0.31.
Barnes & Noble Education (NYSE:BNED – Get a Free Report) last posted its earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share for the quarter. Barnes & Noble Education had a net profit margin of 5.22% and a return on equity of 51.52%. The company had revenue of $456.67 million for the quarter.
Inflow and outflow of institutions
Several hedge funds and other institutional investors have recently changed their holdings in BNED. Occudo Quantitative Strategies LP increased its holdings in shares of Barnes & Noble Education by 31.8% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 23,120 shares of the specialty retailer's stock valued at $68,000 after purchasing an additional 5,577 shares during the period. Ohio Public Employees Retirement System increased its holdings in shares of Barnes & Noble Education by 64.7% in the 3rd quarter. Ohio Public Employees Retirement System now owns 15,628 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 6,137 shares during the period. Geode Capital Management LLC raised its holdings in shares of Barnes & Noble Education by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 364,734 shares of the specialty retailer's stock valued at $638,000 after purchasing an additional 6,535 shares during the period. Walleye Capital LLC increased its holdings in shares of Barnes & Noble Education by 12.4% in the 2nd quarter. Walleye Capital LLC now owns 65,866 shares of the specialty retailer's stock valued at $193,000 after purchasing an additional 7,258 shares during the period. Finally, Covestor Ltd acquired a new position in shares of Barnes & Noble Education in the 1st quarter valued at approximately $27,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
Barnes & Noble Education Company Profile
(Get Free Report)
Barnes & Noble Education, Inc operates bookstores for college and university campuses and K-12 educational 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-sponsored digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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