Barnes & Noble Education (NYSE:BNED) Upgraded at StockNews.com

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Barnes & Noble Education Stock Performance

Shares of BNED opened at $9.76 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.42 and a debt-to-equity ratio of 1.54. The firm’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $14.77. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $226.00. The stock has a market capitalization of $266.35 million, a P/E ratio of 0.94 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The business had revenue of $263.43 million during the quarter.

Institutional Trading of Barnes & Noble Education

Several hedge funds have recently modified their holdings of BNED. State Street Corp boosted its stake in Barnes & Noble Education by 40.9% during 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 in the last quarter. Centiva Capital LP acquired a new position in shares of Barnes & Noble Education during the third quarter valued at about $169,000. Virtu Financial LLC bought a new position in shares of Barnes & Noble Education during the 1st quarter worth about $56,000. Finally, DCF Advisers LLC acquired a new stake in shares of Barnes & Noble Education in the 2nd quarter valued at about $496,000. Institutional investors own 38.51% 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 through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.