Barnes & Noble Education (NYSE:BNED) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

NYSE:BNED opened at $6.30 on Wednesday. Barnes & Noble Education has a 12-month low of $4.93 and a 12-month high of $9.10. The company has a market cap of $270.24 million, a P/E ratio of 5.16 and a beta of 0.38. The company has a quick ratio of 0.21, a current ratio of 1.32 and a debt-to-equity ratio of 0.30.

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

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 purchased at an average price of $5.42 per share, with a total value of $98,644.00. The acquisition was disclosed in a legal filing with the SEC, which is available 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 shares were 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. 2.46% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Barnes & Noble Education by 8.7% during the 2nd quarter. BlackRock Inc. now owns 5,323,286 shares of the specialty retailer’s stock valued at $30,023,000 after acquiring an additional 424,291 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Barnes & Noble Education by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,968,873 shares of the specialty retailer’s stock valued at $27,346,000 after acquiring an additional 183,740 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Barnes & Noble Education by 177.9% during the 1st quarter. Russell Investments Group Ltd. now owns 1,355,451 shares of the specialty retailer’s stock valued at $9,338,000 after acquiring an additional 867,764 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Barnes & Noble Education by 21.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,070,673 shares of the specialty retailer’s stock valued at $6,039,000 after acquiring an additional 186,625 shares in the last quarter. Finally, TCW Group Inc. raised its stake in Barnes & Noble Education by 152.0% during the 2nd quarter. TCW Group Inc. now owns 489,547 shares of the specialty retailer’s stock valued at $2,761,000 after acquiring an additional 295,300 shares in the last quarter. 74.83% of the stock is currently owned by hedge funds and other institutional investors.

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 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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