Barnes & Noble Education (NYSE:BNED) Lowered to “Neutral” at Sidoti

Sidoti downgraded shares of Barnes & Noble Education (NYSE:BNED) from a buy rating to a neutral rating in a research note released on Tuesday morning, BenzingaRatingsTable reports. They currently have $4.00 target price on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Barnes & Noble Education from a strong sell rating to a sell rating in a research report on Tuesday, August 6th. TheStreet cut shares of Barnes & Noble Education from a c- rating to a d rating in a research report on Wednesday, June 26th.

NYSE BNED opened at $3.12 on Tuesday. The firm’s 50-day moving average is $3.50 and its two-hundred day moving average is $3.84. Barnes & Noble Education has a 12 month low of $2.89 and a 12 month high of $7.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.16 and a quick ratio of 0.18. The stock has a market capitalization of $150.92 million, a P/E ratio of 4.73 and a beta of 1.76.



Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.17. Barnes & Noble Education had a negative net margin of 0.89% and a positive return on equity of 7.23%. The company had revenue of $319.70 million for the quarter, compared to analysts’ expectations of $327.57 million. During the same quarter in the prior year, the company posted ($0.82) earnings per share. Barnes & Noble Education’s revenue for the quarter was down 5.3% compared to the same quarter last year.

In other Barnes & Noble Education news, Chairman Michael Huseby purchased 25,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $90,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kanuj Malhotra sold 21,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $4.48, for a total transaction of $94,080.00. Corporate insiders own 3.12% of the company’s stock.

A number of large investors have recently modified their holdings of BNED. BNP Paribas Arbitrage SA increased its stake in Barnes & Noble Education by 108.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 4,848 shares during the period. SG Americas Securities LLC increased its stake in Barnes & Noble Education by 40.2% during the first quarter. SG Americas Securities LLC now owns 25,159 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 7,210 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Barnes & Noble Education by 154.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,717 shares of the specialty retailer’s stock worth $209,000 after purchasing an additional 30,176 shares during the period. Spark Investment Management LLC increased its stake in Barnes & Noble Education by 18.8% during the first quarter. Spark Investment Management LLC now owns 420,900 shares of the specialty retailer’s stock worth $1,767,000 after purchasing an additional 66,487 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Barnes & Noble Education by 27,914.9% during the first quarter. JPMorgan Chase & Co. now owns 2,925,312 shares of the specialty retailer’s stock worth $12,286,000 after purchasing an additional 2,914,870 shares during the period. 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.

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