Barnes & Noble Education (NYSE:BNED) Posts Earnings Results

Barnes & Noble Education (NYSE:BNED) issued its earnings results on Tuesday. The specialty retailer reported ($0.47) EPS for the quarter, Zacks reports. The business had revenue of $288.16 million for the quarter. Barnes & Noble Education had a negative return on equity of 27.29% and a negative net margin of 4.09%.

Barnes & Noble Education Stock Performance

NYSE:BNED opened at $8.76 on Wednesday. The stock has a market cap of $298.38 million, a P/E ratio of -1.47 and a beta of 1.37. The stock has a 50 day simple moving average of $8.57 and a 200 day simple moving average of $8.98. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.38. Barnes & Noble Education has a 1-year low of $5.90 and a 1-year high of $12.21.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its stake in Barnes & Noble Education by 81.0% during the second quarter. FNY Investment Advisers LLC now owns 6,334 shares of the specialty retailer’s stock worth $74,000 after buying an additional 2,834 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Barnes & Noble Education during the 2nd quarter worth approximately $40,000. Dimensional Fund Advisors LP boosted its position in shares of Barnes & Noble Education by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 51,365 shares of the specialty retailer’s stock worth $511,000 after acquiring an additional 4,770 shares in the last quarter. AlphaQuest LLC increased its stake in Barnes & Noble Education by 60.8% in the second quarter. AlphaQuest LLC now owns 14,417 shares of the specialty retailer’s stock valued at $170,000 after acquiring an additional 5,449 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 5,733 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Barnes & Noble Education has an average rating of “Sell”.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.