Barnes & Noble Education (NYSE:BNED) Raised 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 note released on Tuesday morning.

Barnes & Noble Education Stock Up 0.8 %

Shares of NYSE:BNED opened at $11.06 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $10.74 and a 200 day simple moving average of $10.45. The firm has a market cap of $334.06 million, a PE ratio of -0.33 and a beta of 2.12. Barnes & Noble Education has a 12-month low of $6.05 and a 12-month high of $135.00.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Monday, December 9th. The specialty retailer reported $1.91 EPS for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Hedge Funds Weigh In On Barnes & Noble Education

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after acquiring an additional 77,932 shares during the last quarter. State Street Corp lifted its holdings in Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 10,300 shares during the last quarter. Kanen Wealth Management LLC lifted its holdings in Barnes & Noble Education by 49.6% in the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after acquiring an additional 784,576 shares during the last quarter. Centiva Capital LP bought a new position in Barnes & Noble Education in the third quarter worth about $169,000. Finally, FNY Investment Advisers LLC bought a new position in Barnes & Noble Education in the fourth quarter worth about $49,000. Institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.