Barnes & Noble Education (NYSE:BNED) Cut to Sell at ValuEngine

Barnes & Noble Education (NYSE:BNED) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, September 12th.

Shares of BNED traded up $0.10 during trading hours on Wednesday, hitting $5.61. The stock had a trading volume of 168,127 shares, compared to its average volume of 350,161. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.32 and a quick ratio of 0.21. The company has a market cap of $270.24 million, a PE ratio of 4.60 and a beta of 0.38. Barnes & Noble Education has a 1-year low of $4.93 and a 1-year high of $9.10.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Wednesday, August 22nd. The specialty retailer reported ($0.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by ($0.25). The firm had revenue of $337.50 million during the quarter, compared to analyst estimates of $355.25 million. Barnes & Noble Education had a negative net margin of 11.73% and a negative return on equity of 49.33%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.75) earnings per share.

In other news, Chairman Michael Huseby bought 18,200 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average price of $5.42 per share, with a total value of $98,644.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John R. Ryan bought 20,040 shares of the company’s stock in a transaction on Monday, August 27th. The shares were purchased at an average cost of $4.97 per share, for a total transaction of $99,598.80. The disclosure for this purchase can be found here. 2.46% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of BNED. Russell Investments Group Ltd. raised its holdings in shares of Barnes & Noble Education by 177.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,355,451 shares of the specialty retailer’s stock worth $9,338,000 after purchasing an additional 867,764 shares during the period. Ancora Advisors LLC bought a new stake in shares of Barnes & Noble Education in the 1st quarter worth approximately $5,372,000. American Century Companies Inc. bought a new stake in shares of Barnes & Noble Education in the 1st quarter worth approximately $3,328,000. BlackRock Inc. raised its holdings in shares of Barnes & Noble Education by 8.7% in the 2nd quarter. BlackRock Inc. now owns 5,323,286 shares of the specialty retailer’s stock worth $30,023,000 after purchasing an additional 424,291 shares during the period. Finally, TCW Group Inc. raised its holdings in shares of Barnes & Noble Education by 152.0% in the 2nd quarter. TCW Group Inc. now owns 489,547 shares of the specialty retailer’s stock worth $2,761,000 after purchasing an additional 295,300 shares during the period. 74.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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