Barnes & Noble Education (BNED) Getting Favorable Press Coverage, Study Shows

News stories about Barnes & Noble Education (NYSE:BNED) have been trending positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Barnes & Noble Education earned a news impact score of 0.43 on Accern’s scale. Accern also gave headlines about the specialty retailer an impact score of 47.2955065170752 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of NYSE BNED traded up $0.01 during trading on Thursday, reaching $6.24. 213,546 shares of the stock were exchanged, compared to its average volume of 341,602. Barnes & Noble Education has a twelve month low of $4.99 and a twelve month high of $9.10. The company has a current ratio of 1.50, a quick ratio of 0.42 and a debt-to-equity ratio of 0.21. The stock has a market cap of $295.11 million, a P/E ratio of 5.11 and a beta of 0.32.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, June 20th. The specialty retailer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.38. Barnes & Noble Education had a negative net margin of 11.46% and a negative return on equity of 43.39%. The business had revenue of $357.65 million for the quarter, compared to analysts’ expectations of $340.86 million. Barnes & Noble Education’s revenue was up 4.3% on a year-over-year basis.

Separately, ValuEngine cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

In other news, major shareholder Abrams Capital Management, L.P sold 194,023 shares of the business’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $7.83, for a total transaction of $1,519,200.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.46% of the company’s stock.

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.

Read More: Earnings Per Share

Insider Buying and Selling by Quarter for Barnes & Noble Education (NYSE:BNED)

Receive News & Ratings for Barnes & Noble Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply