Barnes & Noble Education (NYSE:BNED) Releases Quarterly Earnings Results, Hits Expectations

Barnes & Noble Education (NYSE:BNED) released its quarterly earnings results on Monday. The specialty retailer reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12, Zacks reports. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Barnes & Noble Education Stock Performance

NYSE BNED traded down $0.93 on Monday, hitting $8.61. 486,381 shares of the company’s stock traded hands, compared to its average volume of 401,291. The firm has a market capitalization of $260.14 million, a PE ratio of -0.26 and a beta of 2.23. The firm’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $10.58. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $135.00. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st.

Hedge Funds Weigh In On Barnes & Noble Education

An institutional investor recently raised its position in Barnes & Noble Education stock. Bank of America Corp DE raised its stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED) by 1,412.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,139 shares of the specialty retailer’s stock after purchasing an additional 5,733 shares during the period. Bank of America Corp DE’s holdings in Barnes & Noble Education were worth $62,000 at the end of the most recent quarter. 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.