Barnes & Noble Education (NYSE:BNED) Releases Quarterly Earnings Results, Hits Estimates

Barnes & Noble Education (NYSE:BNED) issued its quarterly earnings results on Monday. The specialty retailer reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12, Zacks reports. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Barnes & Noble Education Stock Down 9.7 %

BNED traded down $0.93 during midday trading on Monday, hitting $8.61. The company had a trading volume of 486,381 shares, compared to its average volume of 401,277. The stock’s 50 day moving average price is $10.52 and its 200 day moving average price is $10.58. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $135.00. The company has a market capitalization of $260.14 million, a price-to-earnings ratio of -0.26 and a beta of 2.23. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st.

Institutional Trading of Barnes & Noble Education

A hedge fund recently raised its stake in Barnes & Noble Education stock. Bank of America Corp DE raised its position in Barnes & Noble Education, Inc. (NYSE:BNED) by 1,412.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,139 shares of the specialty retailer’s stock after acquiring an additional 5,733 shares during the period. Bank of America Corp DE’s holdings in Barnes & Noble Education were worth $62,000 as of its most recent filing with the SEC. Institutional investors own 38.51% of the company’s stock.

About Barnes & Noble Education

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.