Barnes & Noble Education (NYSE:BNED) Posts Quarterly Earnings Results

Barnes & Noble Education (NYSE:BNED) announced its earnings results on Tuesday. The specialty retailer reported ($0.47) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $288.16 million for the quarter. Barnes & Noble Education had a negative return on equity of 27.29% and a negative net margin of 4.09%.

Barnes & Noble Education Stock Up 2.6%

BNED stock traded up $0.23 during midday trading on Tuesday, hitting $8.98. 252,651 shares of the company’s stock were exchanged, compared to its average volume of 378,456. Barnes & Noble Education has a 12-month low of $5.90 and a 12-month high of $12.21. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $305.77 million, a price-to-earnings ratio of -1.51 and a beta of 1.37. The firm has a 50 day moving average price of $8.55 and a 200-day moving average price of $9.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. grew its stake in shares of Barnes & Noble Education by 2.9% in the third quarter. Centaurus Financial Inc. now owns 296,046 shares of the specialty retailer’s stock worth $2,946,000 after purchasing an additional 8,462 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in Barnes & Noble Education in the third quarter worth about $209,000. PharVision Advisers LLC bought a new position in Barnes & Noble Education in the 3rd quarter valued at about $114,000. Voleon Capital Management LP bought a new position in Barnes & Noble Education in the 3rd quarter valued at about $280,000. Finally, Verition Fund Management LLC acquired a new position in Barnes & Noble Education during the 3rd quarter valued at about $265,000. 38.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.