Barnes & Noble Education (NYSE:BNED) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a strong sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other equities analysts have also commented on the company. Sidoti lowered Barnes & Noble Education from a buy rating to a neutral rating and set a $4.00 price target on the stock. in a research report on Tuesday. TheStreet lowered Barnes & Noble Education from a c- rating to a d rating in a research report on Wednesday, June 26th.

Barnes & Noble Education stock opened at $3.12 on Tuesday. The stock’s 50 day moving average price is $3.50 and its 200 day moving average price is $3.84. The firm has a market capitalization of $150.92 million, a PE ratio of 4.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.18 and a current ratio of 1.16. Barnes & Noble Education has a one year low of $2.89 and a one year high of $7.78.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.17. The firm had revenue of $319.70 million for the quarter, compared to analyst estimates of $327.57 million. Barnes & Noble Education had a positive return on equity of 7.23% and a negative net margin of 0.89%. Barnes & Noble Education’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.82) EPS.

In other Barnes & Noble Education news, EVP Kanuj Malhotra sold 21,000 shares of Barnes & Noble Education stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $4.48, for a total transaction of $94,080.00. Also, Chairman Michael Huseby acquired 25,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average price of $3.60 per share, for a total transaction of $90,000.00. The disclosure for this purchase can be found here. 3.12% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp increased its holdings in Barnes & Noble Education by 1.0% during the 2nd quarter. Northern Trust Corp now owns 470,789 shares of the specialty retailer’s stock worth $1,581,000 after purchasing an additional 4,552 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in Barnes & Noble Education by 132.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 8,299 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 4,733 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Barnes & Noble Education by 108.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 4,848 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Barnes & Noble Education by 40.2% in the 1st quarter. SG Americas Securities LLC now owns 25,159 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 7,210 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Barnes & Noble Education by 14.8% in the 2nd quarter. Pacer Advisors Inc. now owns 56,414 shares of the specialty retailer’s stock valued at $190,000 after acquiring an additional 7,288 shares during the last quarter. Institutional investors own 73.77% of the company’s stock.

Barnes & Noble Education Company Profile

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.

Featured Story: Using other technical indicators with support levels

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.