Barnes & Noble Education (NYSE:BNED) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Barnes & Noble Education stock opened at $5.40 on Wednesday. The company has a market cap of $265.08 million, a P/E ratio of 4.43 and a beta of 0.37. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30. Barnes & Noble Education has a one year low of $4.93 and a one year high of $9.10.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.25). The company had revenue of $337.50 million for the quarter, compared to analyst estimates of $355.25 million. Barnes & Noble Education had a negative return on equity of 49.33% and a negative net margin of 11.73%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted ($0.75) earnings per share.

In other Barnes & Noble Education news, Chairman Michael Huseby bought 18,200 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were bought at an average cost of $5.42 per share, with a total value of $98,644.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John R. Ryan bought 20,040 shares of the business’s stock in a transaction on Monday, August 27th. The stock was acquired at an average cost of $4.97 per share, for a total transaction of $99,598.80. The disclosure for this purchase can be found here. Corporate insiders own 2.46% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at approximately $110,000. Macquarie Group Ltd. raised its position in shares of Barnes & Noble Education by 173.3% in the 2nd quarter. Macquarie Group Ltd. now owns 20,500 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 13,000 shares in the last quarter. Caption Management LLC raised its position in shares of Barnes & Noble Education by 11.4% in the 2nd quarter. Caption Management LLC now owns 390,000 shares of the specialty retailer’s stock valued at $2,200,000 after purchasing an additional 40,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Barnes & Noble Education in the 2nd quarter valued at approximately $522,000. Finally, Raymond James & Associates raised its position in shares of Barnes & Noble Education by 18.6% in the 2nd quarter. Raymond James & Associates now owns 75,875 shares of the specialty retailer’s stock valued at $428,000 after purchasing an additional 11,883 shares in the last quarter. 74.83% 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 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.

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