Barnes & Noble Education (NYSE:BNED) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Barnes & Noble Education Stock Performance

Shares of BNED opened at $9.77 on Wednesday. Barnes & Noble Education has a 52-week low of $6.05 and a 52-week high of $226.00. The stock’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $14.73. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.42 and a current ratio of 1.23. The stock has a market capitalization of $266.62 million, a price-to-earnings ratio of 0.94 and a beta of 2.10.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in 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 valued at $1,416,000 after buying an additional 77,932 shares during the period. State Street Corp boosted its position in shares of Barnes & Noble Education by 40.9% during 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 purchased a new position in shares of Barnes & Noble Education during the third quarter worth about $169,000. DCF Advisers LLC bought a new position in shares of Barnes & Noble Education in the second quarter worth approximately $496,000. Finally, Virtu Financial LLC purchased a new stake in Barnes & Noble Education in the first quarter valued at approximately $56,000. Institutional investors own 38.51% of the company’s stock.

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.