Barnes & Noble Education Inc (NYSE:BNED) Short Interest Down 8.0% in July

Barnes & Noble Education Inc (NYSE:BNED) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 3,159,200 shares, a decrease of 8.0% from the June 30th total of 3,433,600 shares. Based on an average daily volume of 522,200 shares, the days-to-cover ratio is presently 6.0 days. Currently, 8.9% of the company’s stock are short sold.

A number of equities research analysts have recently commented on the stock. Sidoti upgraded shares of Barnes & Noble Education from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Wednesday, June 26th. ValuEngine upgraded shares of Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a report on Wednesday, June 26th.

In other Barnes & Noble Education news, Chairman Michael Huseby acquired 25,000 shares of the business’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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.46% of the stock is currently owned by corporate insiders.



Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Barnes & Noble Education in the 2nd quarter worth about $77,000. Point72 Hong Kong Ltd lifted its holdings in shares of Barnes & Noble Education by 132.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 8,299 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 4,733 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Barnes & Noble Education by 50.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,006 shares of the specialty retailer’s stock worth $158,000 after acquiring an additional 15,731 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Barnes & Noble Education by 11.4% in the 2nd quarter. AQR Capital Management LLC now owns 675,389 shares of the specialty retailer’s stock worth $2,269,000 after acquiring an additional 69,089 shares during the last quarter. Finally, Zebra Capital Management LLC lifted its holdings in shares of Barnes & Noble Education by 18.7% in the 2nd quarter. Zebra Capital Management LLC now owns 65,416 shares of the specialty retailer’s stock worth $220,000 after acquiring an additional 10,302 shares during the last quarter. Institutional investors own 75.30% of the company’s stock.

Shares of NYSE:BNED traded up $0.22 during trading on Friday, reaching $3.20. 273,306 shares of the stock traded hands, compared to its average volume of 535,901. The stock has a 50-day moving average of $3.46 and a two-hundred day moving average of $4.28. Barnes & Noble Education has a 52-week low of $2.89 and a 52-week high of $7.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 1.45. The stock has a market cap of $138.41 million, a P/E ratio of 5.60 and a beta of 1.83.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings results on Tuesday, June 25th. The specialty retailer reported ($0.97) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.94). The firm had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $340.58 million. Barnes & Noble Education had a negative net margin of 1.20% and a positive return on equity of 5.36%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS.

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.

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